Expressing support for blockchain technology and digital assets.

Hozzl · 2025-02-07T09:00:48Z

Explore the details of House Bill 111 Expressing support for blockchain technology and digital assets. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/7/2025, 9:00 AM

Summary of Bill HRES 111

Bill 119 H.Res. 111, also known as the "Expressing support for blockchain technology and digital assets" bill, is a resolution introduced in the US Congress. The purpose of this bill is to show support for the development and use of blockchain technology and digital assets in the United States.

Blockchain technology is a decentralized, secure way of recording transactions and data. It has the potential to revolutionize industries such as finance, healthcare, and supply chain management. Digital assets, such as cryptocurrencies like Bitcoin, are a type of asset that exists in digital form and can be used as a medium of exchange.

The bill recognizes the potential benefits of blockchain technology and digital assets, such as increased transparency, efficiency, and security in transactions. It also acknowledges the importance of fostering innovation in these areas to maintain the United States' competitiveness in the global economy. Overall, Bill 119 H.Res. 111 aims to show support for the continued development and adoption of blockchain technology and digital assets in the United States. It highlights the potential benefits of these technologies and emphasizes the importance of fostering innovation in this rapidly evolving field.

Congressional Summary of HRES 111

This resolution expresses the sense that the United States should strive to be a global leader in the development and adoption of digital assets and blockchain technology.

Current Status of Bill HRES 111

Bill HRES 111 is currently in the status of Introduced to House since February 5, 2025. Bill HRES 111 was introduced during Congress 119 and was introduced to the House on February 5, 2025. Bill HRES 111's most recent activity was Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of February 5, 2025