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HRES111119th Congress·Introduced 2025-02-05

Is The Bill "Expressing support for blockchain technology and digital assets." Crypto Friendly?

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

Very Pro-Crypto
About this bill

This House Resolution expresses strong support for blockchain technology and digital assets, highlighting their potential to foster economic growth, improve financial services, and enhance collaboration. It warns against the risk of innovation shifting overseas if the United States does not embrace and support the development of these technologies. The resolution advocates for the U.S. to become a global leader in digital asset development and calls for Congress to enact a functional, tailored regulatory framework that accommodates the unique benefits and risks of the digital asset ecosystem while also incorporating investor protections.

Introduced
2025-02-05
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
  • Cosponsors2 Democrats · 1 Republican3
Read the bill
Read on Congress.govView on GovTrackBill text (PDF)

Commentary

Add Commentary
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DoTheySupportIt
Primary
marked this bill asVery Pro-Crypto

The bill is a declarative statement of support for the crypto industry, emphasizing its potential for innovation, economic growth, and improved financial services. It identifies key pro-crypto themes such as enabling creator control, enhancing transparency, and reducing transaction costs. Crucially, the resolution highlights the risk of innovation shifting outside the United States due to a lack of clear frameworks, and calls for the US to be a global leader in digital asset development. The call for a "functional framework tailored to the specific risks of different digital asset-related activities and unique benefits" and for a framework that is "consistent with longstanding investor protections...yet tailored to the unique benefits and risks of the digital asset ecosystem" is a strong signal for enabling regulatory clarity, which is a significant pro-crypto stance. Additionally, the resolution positively reframes the illicit use of digital assets by stating they provide law enforcement with an "exceptional tracing tool," countering common anti-crypto narratives. The overall tone is overwhelmingly positive and forward-looking, seeking to foster, rather than restrict, the industry.

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 Dusty Johnson
    Dusty Johnson
    Rep. · SD

Cosponsors

3

2 Democrats · 1 Republican

Democrats2

  • Profile picture of Don Davis
    Don Davis
    NC-1
  • Profile picture of Ritchie Torres
    Ritchie Torres
    NY-15

Republican1

  • Profile picture of Bryan Steil
    Bryan Steil
    WI-1