Sponsors (2)
The bill creates federal leadership, guidance, and transparency to encourage responsible blockchain adoption and U.S. competitiveness, but it risks increased costs for small firms and taxpayers, stakeholder ambiguity, and potential industry influence or uneven security outcomes.
Federal, state, tribal, and local governments will have a clear federal lead and coordinated program for blockchain (Commerce designated as lead), improving government service coordination, deployment, and resilience.
Small businesses and developers get clearer statutory definitions for 'token' and 'tokenization', reducing regulatory uncertainty for digital asset projects and helping firms plan investments.
Small businesses, tech firms, and public-sector implementers gain access to federal guidance, best practices, research, and open-source tools that can lower adoption costs and accelerate secure deployments.
Small businesses may face higher compliance costs because broad statutory definitions and new federal oversight could expand regulatory obligations for private DLT projects.
Taxpayers bear additional administrative costs to fund the advisory activities, temporary deployment program, and annual reporting, with no guarantee the private sector will adopt the guidance.
Advisory committees and industry consultations risk industry influence or favoritism, potentially advantaging certain vendors or technologies and disadvantaging smaller competitors.
Based on analysis of 4 sections of legislative text.
Designates the Secretary of Commerce as the President’s principal adviser on deployment, use, and competitiveness of blockchain and other distributed ledger technologies (DLT). It directs Commerce to create a Blockchain Deployment Program, convene advisory committees with federal and nongovernmental stakeholders, develop and share best practices, coordinate interagency activity, study federal preparedness and agency use of blockchain/DLT, and report annually to Congress on activities, risks, trends, and any recommended legislation.
Introduced February 27, 2025 by Kat Cammack · Last progress June 24, 2025