IV
119THCONGRESS
1
STSESSION H. RES. 111
Expressing support for blockchain technology and digital assets.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY5, 2025
Mr. J
OHNSONof South Dakota (for himself, Mr. STEIL, Mr. DAVISof North
Carolina, and Mr. T
ORRESof New York) submitted the following resolu-
tion; which was 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 Speaker, in each case for
consideration of such provisions as fall within the jurisdiction of the com-
mittee concerned
RESOLUTION
Expressing support for blockchain technology and digital
assets.
Whereas entrepreneurs and innovators are building and de-
ploying this next generation of the internet;
Whereas digital asset networks represent a new way for peo-
ple to join together and cooperate with one another to
undertake certain activities;
Whereas digital assets have the potential to be the
foundational building blocks of these networks, aligning
the economic incentive for individuals to cooperate with
one another to achieve a common purpose;
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Whereas the digital asset ecosystem has the potential to grow
our economy and improve everyday lives of Americans by
facilitating collaboration through the use of technology to
manage activities, allocate resources, and facilitate deci-
sion making;
Whereas blockchain networks and the digital assets they em-
power provide creator control, enhance transparency, re-
duce transaction costs, and increase efficiency;
Whereas blockchain technology facilitates new types of net-
work participation which businesses in the United States
may utilize in innovative ways;
Whereas digital asset companies are establishing operations
outside of the United States, in countries that embrace
the potential of blockchain technology and digital assets
and provide safeguards for consumers through clear legal
frameworks; and
Whereas digital assets, despite the purported anonymity, pro-
vide law enforcement with an exceptional tracing tool to
identify illicit activity and bring criminals to justice:
Now, therefore, be it
Resolved, That it is the sense of the House of Rep-1
resentatives that— 2
(1) the United States should seek to prioritize 3
understanding the potential opportunities of the next 4
generation of the internet; 5
(2) the United States should seek to foster ad-6
vances in technology to improve our financial system 7
and create more fair and equitable access to finan-8
cial services for everyday Americans; 9
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(3) the United States must support the develop-1
ment of digital assets and the underlying technology 2
in the United States or risk the shifting of the devel-3
opment of such assets and technology outside of the 4
United States, to less regulated countries; 5
(4) the United States should strive to be a glob-6
al leader in the development and adoption of digital 7
assets and blockchain technology; 8
(5) Congress should enact a functional frame-9
work tailored to the specific risks of different digital 10
asset-related activities and unique benefits of distrib-11
uted ledger technology, distributed networks, and de-12
centralized systems; and 13
(6) consumers and market participants will ben-14
efit from a framework for digital assets consistent 15
with longstanding investor protections in securities 16
and commodities markets, yet tailored to the unique 17
benefits and risks of the digital asset ecosystem. 18
Æ
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