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Expressing support for blockchain technology and digital assets.

USA119th CongressHRES-111| House 
| Updated: 2/5/2025
Dusty Johnson

Dusty Johnson

Republican Representative

South Dakota

Cosponsors (3)
Ritchie Torres (Democratic)Donald G. Davis (Democratic)Bryan Steil (Republican)

Agriculture Committee, Financial Services Committee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This resolution declares the House of Representatives' support for the advancement and adoption of blockchain technology and digital assets . It emphasizes the potential of these technologies to grow the economy, improve financial systems, and provide more equitable access to financial services for Americans. The resolution asserts that the United States must prioritize understanding these opportunities and foster technological advancements, aiming to become a global leader in their development. It warns against the risk of development shifting to less regulated countries if the U.S. does not support domestic innovation. Furthermore, the resolution calls for Congress to enact a functional regulatory framework specifically tailored to the unique risks and benefits of digital asset-related activities. This framework should be consistent with longstanding investor protections in traditional markets but adapted to the distinct characteristics of the digital asset ecosystem, ultimately benefiting consumers and market participants.
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Timeline

Bill from Previous Congress

HRES 118-604
Expressing support for blockchain technology and digital assets.
Feb 5, 2025
Submitted in House
Feb 5, 2025
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.
  • Bill from Previous Congress

    HRES 118-604
    Expressing support for blockchain technology and digital assets.


  • February 5, 2025
    Submitted in House


  • February 5, 2025
    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.

Finance and Financial Sector

Expressing support for blockchain technology and digital assets.

USA119th CongressHRES-111| House 
| Updated: 2/5/2025
This resolution declares the House of Representatives' support for the advancement and adoption of blockchain technology and digital assets . It emphasizes the potential of these technologies to grow the economy, improve financial systems, and provide more equitable access to financial services for Americans. The resolution asserts that the United States must prioritize understanding these opportunities and foster technological advancements, aiming to become a global leader in their development. It warns against the risk of development shifting to less regulated countries if the U.S. does not support domestic innovation. Furthermore, the resolution calls for Congress to enact a functional regulatory framework specifically tailored to the unique risks and benefits of digital asset-related activities. This framework should be consistent with longstanding investor protections in traditional markets but adapted to the distinct characteristics of the digital asset ecosystem, ultimately benefiting consumers and market participants.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HRES 118-604
Expressing support for blockchain technology and digital assets.
Feb 5, 2025
Submitted in House
Feb 5, 2025
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.
  • Bill from Previous Congress

    HRES 118-604
    Expressing support for blockchain technology and digital assets.


  • February 5, 2025
    Submitted in House


  • February 5, 2025
    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.
Dusty Johnson

Dusty Johnson

Republican Representative

South Dakota

Cosponsors (3)
Ritchie Torres (Democratic)Donald G. Davis (Democratic)Bryan Steil (Republican)

Agriculture Committee, Financial Services Committee, Energy and Commerce Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted