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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
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3533
Sponsor: Rep. Emmer, Tom [R-MN-6]
Process start date: 2025-05-21
Lustra uses Artificial Intelligence. Verify details in source documents.
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.

CATEGORIES

Economy Courts and Law Informatization