Blockchain Support Bill Passes Vote in US Congress

The House of Representatives has passed a resolution calling for a national technology policy which includes language for digital currencies.

AccessTimeIconSep 12, 2016 at 10:10 p.m. UTC
Updated Sep 11, 2021 at 12:29 p.m. UTC

The US House of Representatives has passed a non-binding resolution calling for a national technology innovation policy that includes supportive language for digital currencies and blockchain technology.

in July, the resolution calls on the US government to craft a national policy for technology, with specific mentions for digital currencies and blockchain. The bill was written by Illinois Representative Adam Kinzinger, with Representative Tony Cardenas from California sponsoring.

The resolution passed by a voice vote following statements from backers late this afternoon. Though non-binding, the measure is perhaps the most significant to emerge from Congress to date on the subject of digital currencies and blockchain tech.

The resolution emerged months after the House Committee on Energy and Commerce discussed the technology, and comments from supporters on the debate floor indicated that there was genuine interest in the issue among House members.

Rep. Michael Burgess, a Republican from Texas, said at the hearing:

"There’s no doubt that blockchain innovations are on the cutting edge today."

What remains to be seen is whether the next session of Congress, which will meet after this November's US elections, will take up a more substantive bill focused specifically on bitcoin and blockchain.

However, the bipartisan nature of today's resolution suggests that a bill could be put forward in the next year in either the House or the Senate.

Hat tip to Coin Center

Correction: This article has been updated that Rep. Adam Kinzinger represents Illinois, not Indiana, in the US House of Representatives.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
A New Chapter of Web3: Solana Unveils Smartphone ‘Saga’; Moody’s Downgrades Coinbase

The most valuable crypto stories for Friday, June 24, 2022.

CoinDesk - Unknown
2
CoinDesk - Unknown
How Are Institutions and Companies Investing in Crypto?

From putting bitcoin on their balance sheets to setting up shop in the metaverse, the ways brands and institutions are investing in cryptocurrencies continues to expand.

CoinDesk - Unknown
3
CoinDesk - Unknown
Consensus 2022: Hollywood, Colleges, Conferences vs. Crypto

The state of crypto and economics live from Consensus 2022 in Austin, Texas.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitcoin se estabiliza cerca de $21K; inversores esperan evitar otra caída el fin de semana

Los analistas se cuestionan si BTC podrá mantenerse por encima del umbral de $20.000 en un clima de desconfianza entre los inversores.

CoinDesk - Unknown