A resolution recently introduced in the U.S. House of Representatives expresses support for blockchain technology and digital assets.
The resolution affirms that the United States should prioritize understanding the potential opportunities of the internet, foster advances in technology to improve the financial system and create more fair and equitable access to financial services, strive to be a global leader in the development and adoption of digital assets and blockchain technology, and must support the development of digital assets and the underlying technology.
The resolution also states that Congress should enact a functional framework tailored to the specific risks, and unique benefits, of different digital asset-related activities distributed ledger technology, distributed networks, and decentralized systems.
The resolution was introduced by U.S. Reps. Dusty Johnson (R-SD), House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development chairman; Don Davis (D-NC), subcommittee ranking member; Bryan Steil (R-WI), House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence chairman; and Ritchie Torres (D-NY) subcommittee ranking member.
“It is crucial to establish a regulatory framework that not only fosters innovation but also safeguards consumers and strengthens the everyday lives of the American people,” Davis said.
The resolution was referred to the Energy and Commerce Committee and the Financial Services, and Agriculture committee.