arrow_back Civic Audit
Share share

Legal Certainty for Blockchain Developers and Service Providers

This act aims to ensure that blockchain developers and service providers who do not control users' digital assets are not treated as financial institutions or money transmitters. This means less bureaucracy and potentially more innovation in digital technologies, which could lead to the development of new services for citizens.
Key points
Blockchain software developers and service providers will not need licenses or registration as financial institutions if they do not control users' digital assets.
The act aims to create a safe legal environment for blockchain technology development, potentially fostering new, innovative digital solutions.
It defines key terms such as "blockchain developer," "blockchain network," and "digital asset," increasing clarity in this field.
article Official text account_balance Process page notifications_active Track this Bill
Status: Introduced
Civic Will
Checking votes...
I support
I oppose
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 119_HR_3533
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2025-05-21
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Blockchain Regulatory Certainty Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3533.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-21.

What are the main provisions?

Key points include:

  • Blockchain software developers and service providers will not need licenses or registration as financial institutions if they do not control users' digital assets.
  • The act aims to create a safe legal environment for blockchain technology development, potentially fostering new, innovative digital solutions.
  • It defines key terms such as "blockchain developer," "blockchain network," and "digital asset," increasing clarity in this field.
What is the specific legal status?

The current status is Introduced.

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 Rep. Emmer, Tom [R-MN-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law Informatization