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Report on Virtual Currencies and Global Economic Impact

This act requires the Secretary of the Treasury to prepare a report on the global use of virtual currencies. The report will assess how other countries use and mine virtual currencies, and identify related threats and opportunities. The goal is to better understand the impact of cryptocurrencies on the economy and security, which may influence future regulations concerning personal finance and investments.
Key points
The government will gather data on how other countries use and mine virtual currencies, potentially influencing future US regulations.
The report will assess the volume of virtual currency mined in the US and globally, providing citizens with a clearer market picture.
Vulnerabilities and opportunities related to virtual currency mining will be identified, potentially impacting financial and technological stability.
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Expired
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Additional Information
Print number: 117_S_2864
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
Process start date: 2021-09-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to require the Secretary of the Treasury to submit to Congress a report on virtual currencies and global competitiveness.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2864.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-27.

What are the main provisions?

Key points include:

  • The government will gather data on how other countries use and mine virtual currencies, potentially influencing future US regulations.
  • The report will assess the volume of virtual currency mined in the US and globally, providing citizens with a clearer market picture.
  • Vulnerabilities and opportunities related to virtual currency mining will be identified, potentially impacting financial and technological stability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hassan, Margaret Wood [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy