Blockchain Regulatory Certainty Act

The Blockchain Regulatory Certainty Act, also known as Bill 118 hr 1747, is a piece of legislation introduced in the US Congress. The purpose of this bill is to provide regulatory certainty for businesses and individuals using blockchain technology.

The bill aims to establish a safe harbor for certain blockchain developers and service providers who are not engaged in money transmission. This means that these entities would not be subject to certain regulations that apply to traditional financial institutions.

Additionally, the bill seeks to clarify the regulatory framework surrounding blockchain technology, ensuring that businesses and individuals can innovate and operate within the law without fear of legal repercussions. Overall, the Blockchain Regulatory Certainty Act is designed to promote innovation and growth in the blockchain industry by providing clear guidelines and regulations for businesses and individuals operating in this space.