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  3. HR8275
HR8275118th Congress·Introduced 2024-05-07

Is The Bill "Border Security and Blockchain Technology Act" Crypto Friendly?

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

Very Pro-Crypto
About this bill

This bill, titled the "Border Security and Blockchain Technology Act," mandates the Secretary of Homeland Security to establish a public blockchain-based system within 18 months. This system is intended to securely store and share data related to border security operations, including biometric data, travel documents, and visa information. It aims to leverage smart contracts and blockchain's immutability for applications such as documentation verification, supply chain security, personnel management, and real-time data sharing among federal agencies. The bill emphasizes enhanced security, improved efficiency, increased transparency, and interagency collaboration.

Introduced
2024-05-07
Status
Introduced and Sponsored
Legislature
118th 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
  • Cosponsors1 Republican1
Read the bill
Read on Congress.govView on GovTrackBill text (PDF)

Commentary

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DoTheySupportIt
Primary
marked this bill asVery Pro-Crypto

The Border Security and Blockchain Technology Act is a very pro-crypto signal because it promotes the direct adoption and utilization of public blockchain technology by a significant government agency. The requirement for the U.S. Customs and Border Protection to select a "public blockchain platform" for critical operations, rather than a private, permissioned one, demonstrates a recognition of the technology's decentralized nature and inherent security features. The bill outlines numerous utility-driven applications for blockchain, such as secure data verification, supply chain tracking, and real-time data sharing, which align with the framework's positive view of tokens with utility. This government-led initiative could significantly legitimize blockchain technology, encourage innovation, and indirectly foster broader understanding and adoption of the underlying principles of crypto. It introduces no regulatory burdens, restrictions, or surveillance on the crypto industry itself, focusing instead on leveraging blockchain for public sector efficiency and security.

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 Nancy Mace
    Nancy Mace
    SC-1

Cosponsors

1

1 Republican

  • Profile picture of Byron Donalds
    Byron Donalds
    FL-19