To 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.
Sponsors
Legislative Progress
ReportedReported by Mr. Cruz, without amendment
Mr. Moreno (for himself, Ms. Blunt Rochester, and Mr. Sheehy) …
Summary
What This Bill Does
Designates Secretary of Commerce as principal advisor to President on blockchain technology policy. Creates National Blockchain Deployment Advisory Committee to support U.S. competitiveness in blockchain applications.
Who Benefits and How
- Blockchain industry gains dedicated federal policy advocate
- U.S. technology sector benefits from coordinated blockchain strategy
- States receive federal coordination on blockchain applications
Who Bears the Burden and How
- Commerce Department assumes new blockchain policy role
- Federal agencies must coordinate through Commerce on blockchain matters
Key Provisions
- Secretary advises President on blockchain deployment and competitiveness
- Covers blockchain, distributed ledger technology, and tokenization
- Establishes advisory committee with private sector input
- Focus on deployment, use, application, and competitiveness
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Establishes Commerce Department leadership role for blockchain and distributed ledger technology policy
Policy Domains
Legislative Strategy
"Position U.S. for blockchain competitiveness through centralized policy leadership"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Commerce
Key Definitions
Terms defined in this bill
Distributed digital database with cryptographically linked, network-shared data
Transferable digital representation of information on blockchain
Process of creating a token
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology