Sponsors (3)
The bill centralizes federal leadership and produces standards, reports, and coordination intended to lower barriers and strengthen U.S. blockchain competitiveness—but risks freezing evolving terms, concentrating influence with industry and Commerce, imposing taxpayer costs, and introducing security and consumer-protection gaps if safeguards and broad input are not ensured.
Tech developers and companies get clearer statutory definitions for 'blockchain', 'token', and 'tokenization', making it easier to design, deploy, and commercialize products.
State, tribal, and territorial governments are explicitly included for participation and consultation, enabling local public-sector use and coordination under the Act.
The Secretary of Commerce is named as the implementation sponsor and advisory committee rules are clarified, creating centralized leadership and clearer governance for federal blockchain policy and coordination.
Narrow statutory definitions risk freezing rapidly evolving technical terms, reducing future regulatory flexibility and creating mismatches with industry practice.
Excluding non‑Federal government representatives from certain advisory roles may reduce state and local input into federal policymaking and coordination.
Formalizing Commerce Department authority and relying on industry participation in the advisory committee could privilege large industry stakeholders, bias recommendations, and disadvantage consumers and smaller competitors.
Based on analysis of 4 sections of legislative text.
Designates Commerce as principal advisor on blockchain/DLT, creates a National Blockchain Deployment Advisory Committee to study risks/benefits and require public reports.
Official title: Require the Secretary of Commerce support the leadership of the United States with respect to the deployment, use, application, and competitiveness of blockchain technology, and for other purposes.
Introduced April 10, 2025 by Bernardo Moreno · Last progress April 10, 2025
Establishes the Secretary of Commerce as the principal White House advisor on policy for deployment, use, application, and competitiveness of blockchain and other distributed ledger technologies (DLT). Requires the Secretary to create a National Blockchain Deployment Advisory Committee to study benefits, risks, security needs, and agency preparedness for blockchain/DLT (including tokens and tokenization), produce guidance and a compendium of practices, and deliver interim and final public reports to Congress and the President.