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HR1768

Is The Bill "Lower Costs for Everyday Americans Act" Crypto Friendly?

Description:

This legislation includes provisions from the 'Deploying American Blockchains Act' to promote the development, deployment, and global competitiveness of blockchain technology, distributed ledger technology, tokens, and tokenization. It directs the Secretary of Commerce to serve as the principal advisor to the President on blockchain policy and establishes a National Blockchain Deployment Advisory Committee comprising federal representatives and industry experts. The bill also encourages utilizing blockchain for supply chain traceability and requires the development of best practices for cybersecurity and interoperability.

Date Introduced:

2025-03-03

Status:

Introduced and Sponsored

Stance on Crypto:

Somewhat Pro-Crypto

Links:

  • https://www.congress.gov/119/bills/hr1768/BILLS-119hr1768ih.pdf
  • https://www.congress.gov/bill/119th-congress/house-bill/1768
  • https://www.govtrack.us/congress/bills/119/hr1768

Primary Commentary:
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The integration of the 'Deploying American Blockchains Act' into this package is a positive development for the cryptocurrency and blockchain sectors. By designating the Department of Commerce as the lead agency to promote blockchain competitiveness, the bill signals a shift toward a more supportive, pro-innovation federal posture. Crucially, the legislation's scope explicitly covers 'tokens' and 'tokenization,' legitimizing public blockchains and digital assets rather than limiting focus to closed, private ledgers. The establishment of the National Blockchain Advisory Committee ensures that industry developers and stakeholders have a structured mechanism to influence federal policy. Furthermore, by directing the government to study and utilize blockchain for critical supply chain security, the bill validates the utility of decentralized technology. This coordinated promotional framework helps counter hostile enforcement-first approaches by seeking to establish national strategies that protect and expand American leadership in the digital asset space.

Congress members who support this bill

Sponsors

Profile picture of Frank Pallone Jr
Frank Pallone Jr

Additional Commentary

No additional commentary for this bill yet