H. Res. 111 (119th)Bill Overview

Expressing support for blockchain technology and digital assets.

Simple ResolutionFinance and Financial Sector|Finance and Financial Sector
Cosponsors
Support
Bipartisan
Introduced
Feb 5, 2025
Discussions
Bill Text
Current stageCommittee

Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Agriculture, for a period to be subsequently determined by the Speak…

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Simple ResolutionWhat this resolution actually does

This resolution is a non-binding statement by the House expressing support for blockchain technology and digital assets and urging U.S. leadership and a tailored regulatory framework. It does not change law, create legal rights, or require action by the Senate or the President. Instead, it records the House's views and encourages Congress and others to consider the issues raised.

Passage rules

As a simple resolution introduced in the House, it can be adopted by the House alone and is not sent to the Senate or the President; it does not have the force of law. The text was referred to relevant House committees for consideration of related provisions.

This is a House resolution expressing support for blockchain technology and digital assets.

It urges the United States to prioritize understanding and fostering these technologies, to lead globally, and to develop a tailored congressional framework that protects investors while encouraging domestic development.

The text also argues that digital assets can improve financial access, lower transaction costs, and aid law enforcement tracing of illicit activity.

Passage0/100

As a House 'sense' resolution it is non‑binding and does not become law; content could influence future legislation, however.

CredibilityAligned

Relative to its intended legislative type, this bill is a conventional sense-of-Congress resolution: it clearly states support for blockchain technology and urges Congress and the United States to prioritize action, but it intentionally lacks statutory mechanisms, funding, implementation steps, and enforcement provisions.

Contention50/100

Progressive demands stronger consumer, AML, and environmental safeguards

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
ConsumersConsumers · Small businesses

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • Potential benefitPotential job creation and economic growth in technology and financial sectors.
  • Potential benefitIncreased innovation in payments, financial services, and decentralized applications.
  • ConsumersImproved financial access and lower transaction costs for consumers.
Likely burdened
  • ConsumersConsumers may face increased exposure to speculative assets and significant losses.
  • Small businessesNew compliance costs could impose burdens on small businesses and startups.
  • Potential burdenExpanded transaction tracing raises privacy and civil liberties concerns.
03 · Why people split

Why the argument around this bill splits.

Progressive demands stronger consumer, AML, and environmental safeguards
Progressive60%

Cautiously supportive of innovation in principle but concerned the resolution lacks strong consumer, worker, and environmental protections.

Sees potential for financial inclusion, but wants explicit investor safeguards, anti-fraud measures, AML enforcement, and climate considerations.

Views the resolution as incomplete without concrete regulatory standards and social safeguards.

Split reaction
Centrist80%

Generally supportive of promoting technological leadership while urging careful, evidence-based regulation.

Views the resolution's call for a tailored framework as sensible, but expects detailed rulemaking, cost-benefit analysis, and bipartisan process.

Sees the resolution as a constructive, nonbinding starting point.

Leans supportive
Conservative90%

Strongly favorable toward promoting innovation, domestic development, and limited barriers to entry.

Welcomes the resolution's emphasis on keeping development in the United States and creating a functional regulatory framework rather than heavy-handed bans.

Wary of excessive or duplicative regulation that stifles entrepreneurship.

Leans supportive
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood0/100

As a House 'sense' resolution it is non‑binding and does not become law; content could influence future legislation, however.

Scope and complexity
24%
Scopenarrow
24%
Complexitylow
Why this could stall
  • Whether House leadership schedules it for floor consideration
  • Potential opposition from consumer protection or financial stability advocates
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

Progressive demands stronger consumer, AML, and environmental safeguards

As a House 'sense' resolution it is non‑binding and does not become law; content could influence future legislation, however.

Unlocked analysis

Relative to its intended legislative type, this bill is a conventional sense-of-Congress resolution: it clearly states support for blockchain technology and urges Congress and the United States to prioritize action, but…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

Perspective breakdownsPassage barriersLegislative design reviewStakeholder impact map
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