Sponsors (2)
The bill aims to accelerate U.S. blockchain adoption by centralizing Commerce-led coordination, clearer definitions, and public guidance—boosting market clarity and government readiness—while creating taxpayer costs, concentrating agency authority, and producing potential gaps, market pressures, and privacy/national-security tradeoffs that could disadvantage some firms and users.
Tech workers, developers, startups, and financial firms gain clearer federal definitions, centralized Commerce leadership, and coordinated guidance/standards that reduce regulatory uncertainty and help commercialize blockchain/token projects.
Federal, state, and local governments receive studies, coordination, and centralized information to improve secure use of blockchain, potentially increasing efficiency and resilience of government services.
Small businesses and private-sector firms benefit from dissemination of best practices, interoperability standards, and open-source support that can lower technical and integration costs.
Taxpayers will fund a new Commerce program and ongoing advisory activities and annual reports over multiple years, imposing administrative costs without specified budget offsets.
Tech workers and financial firms face compliance risk because narrow statutory definitions of 'blockchain' and 'token' may exclude some technologies or tokens, creating legal gaps and uncertainty.
Smaller entrants and startups could be disadvantaged because expanded federal involvement and engagement efforts may favor incumbent firms with resources to participate, raising competitive barriers.
Based on analysis of 4 sections of legislative text.
Designates Commerce as the federal lead on blockchain/DLT, creates a Deployment Program and advisory committees, mandates best practices and annual reports to Congress.
Official title: To direct the Secretary of Commerce to take actions necessary and appropriate to promote the competitiveness of the United States related to the deployment, use, application, and competitiveness of blockchain technology or other distributed ledger technology, and for other purposes.
Introduced February 27, 2025 by Kat Cammack · Last progress June 24, 2025
Designates the Secretary of Commerce as the President’s principal advisor on blockchain and other distributed ledger technologies (DLT) and directs the Department of Commerce to lead federal policy, coordination, and outreach on deployment, tokens, and tokenization. It requires the Secretary to establish a Blockchain Deployment Program, create advisory committees with public and private stakeholders, develop and share best practices, evaluate risks (including cyber and infrastructure risks), and produce annual reports with recommendations to Congress. The bill does not appropriate funds or change tax law; it creates advising, coordination, and reporting requirements meant to promote U.S. competitiveness, security, and responsible adoption of blockchain/DLT across government and the private sector.