Received in the Senate.
This bill directs the Secretary of Commerce to serve as a principal advisor to the President on blockchain and distributed ledger technology. It requires the Department of Commerce to develop policies, best practices, and a Blockchain Deployment Program, convene advisory committees of public and private stakeholders, coordinate across federal agencies, and publish periodic reports.
Liberals emphasize consumer protections; conservatives emphasize limited government.
Technical, pro-industry, noncontroversial framing and built-in safeguards make floor support plausible in a broad chamber.
This bill directs the Secretary of Commerce to serve as a principal advisor to the President on blockchain and distributed ledger technology.
It requires the Department of Commerce to develop policies, best practices, and a Blockchain Deployment Program, convene advisory committees of public and private stakeholders, coordinate across federal agencies, and publish periodic reports.
The program terminates seven years after enactment and annual reports begin two years after enactment.
Technocratic, limited-scope bill with bipartisan appeal but funding gaps and potential regulatory overlap create moderate obstacles.
How solid the drafting looks.
Liberals emphasize consumer protections; conservatives emphasize limited government.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize consumer protections; conservatives emphasize limited government.
Generally favorable to federal leadership on emerging technology but wary of industry capture and weak consumer protections.
Sees opportunities to shape policy for equity, cybersecurity, and public-interest uses.
Concerned the bill emphasizes deployment and competitiveness without explicit civil-rights, privacy, or labor safeguards.
Pragmatically supportive of federal efforts to maintain U.S. competitiveness in blockchain, appreciating the emphasis on coordination and best practices.
Views the sunset, reporting requirement, and advisory committees as useful accountability features.
Wants clearer cost estimates, measurable goals, and interagency implementation plans.
Mixed-to-skeptical: supports U.S. competitiveness and innovation but concerned about larger federal bureaucracy and potential regulatory intervention.
Views Commerce leadership as an expansion of federal policy-making in a fast-moving private sector area.
Prefers market-led solutions, limited federal spending, and state/local primacy.
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Still ahead
Technocratic, limited-scope bill with bipartisan appeal but funding gaps and potential regulatory overlap create moderate obstacles.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize consumer protections; conservatives emphasize limited government.
Technocratic, limited-scope bill with bipartisan appeal but funding gaps and potential regulatory overlap create moderate obstacles.
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