HB3533: Blockchain Regulatory Certainty Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services.
Plain-language summary
This bill would create legal protection for blockchain developers and service providers who don't control the systems they work on, shielding them from certain licensing and registration requirements. Blockchain is a technology that records transactions across many computers in a shared, permanent ledger. The bill specifically protects people and companies that build or provide services for blockchain systems but don't have decision-making power over them. Currently, some blockchain workers may face unclear regulatory requirements from financial regulators. The bill is in the early stage after being introduced in Congress.
AI-generated summary
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HB3533: Blockchain Regulatory Certainty Act
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Sponsors
Tom Emmer
Primary SponsorCo-sponsors (5)
Ritchie Torres
Bill Huizenga
Josh Gottheimer
Warren Davidson
Thomas Kean