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  3. HR3533
HR3533119th Congress·Introduced 2025-05-21

Is The Bill "Blockchain Regulatory Certainty Act" Crypto Friendly?

Based on 1 published commentary, this bill is very pro-crypto.

Very Pro-Crypto
About this bill

The "Blockchain Regulatory Certainty Act" (H.R. 3533) provides a safe harbor for non-controlling blockchain developers and service providers, exempting them from being classified as money transmitters or financial institutions, and thus from associated licensing and registration requirements, unless they have control over users' digital assets. This aims to prevent such entities from incurring liability for unlicensed or unregistered conduct.

Introduced
2025-05-21
Status
Introduced and Sponsored
Legislature
119th Congress
Stance on Crypto
Very Pro-Crypto
From 1 published commentary

Scores reflect how a bill would affect crypto if enacted, from very anti-crypto to very pro-crypto, based on the commentary below.

Support in Congress
  • Sponsors1 Republican1
  • Cosponsors3 Republicans · 2 Democrats5
Read the bill
Read on Congress.govView on GovTrackBill text (PDF)

Commentary

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DoTheySupportIt
Primary
marked this bill asVery Pro-Crypto

This bill, H.R. 3533, also known as the "Blockchain Regulatory Certainty Act," is considered pro-crypto for the following reasons:

  • It provides a "safe harbor" from licensing and registration requirements for non-controlling blockchain developers and providers of blockchain services.
  • It specifies that these entities will not be treated as a "money transmitter," "financial institution," or subject to other State or Federal legal designations requiring licensing or registration, unless they have control over users' digital assets.
  • The bill defines "control" as the unilateral and independent legal right or ability to initiate transactions spending digital assets without requiring third-party approval.
  • This distinction aims to reduce regulatory burdens and foster innovation in the blockchain space by clarifying that entities not holding control over user funds are not subject to the same regulations as traditional financial intermediaries.

Where Congress stands

Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.

Sponsors

1

1 Republican

  • Profile picture of Tom Emmer Jr.
    Tom Emmer Jr.
    MN-6

Cosponsors

5

3 Republicans · 2 Democrats

Republicans3

  • Profile picture of Warren Davidson
    Warren Davidson
    OH-8
  • Profile picture of Bill Huizenga
    Bill Huizenga
    MI-4
  • Profile picture of Thomas Kean Jr.
    Thomas Kean Jr.
    NJ-7

Democrats2

  • Profile picture of Josh Gottheimer
    Josh Gottheimer
    NJ-5
  • Profile picture of Ritchie Torres
    Ritchie Torres
    NY-15