H.R.1664 - Deploying American Blockchains Act of 2025 (119th Congress)
Summary
H.R.1664, the Deploying American Blockchains Act of 2025, directs the Secretary of Commerce to promote the competitiveness of the United States in blockchain technology and other distributed ledger technologies. This includes developing policies, supporting the stability and security of these technologies, and promoting their use across various sectors. The bill also mandates the establishment of advisory committees and regular reports to Congress on the progress and risks associated with blockchain deployment.
Expected Effects
The bill aims to foster innovation and leadership in blockchain technology within the United States. It will likely lead to increased government involvement in the development and regulation of blockchain applications. This could result in both opportunities and challenges for businesses and individuals involved in the blockchain space.
Potential Benefits
- Enhanced U.S. competitiveness in emerging technologies.
- Potential for innovation across various sectors, including e-commerce, healthcare, and supply chain management.
- Improved cybersecurity and data security through blockchain applications.
- Increased efficiency and transparency in government operations.
- Job creation in the blockchain technology sector.
Potential Disadvantages
- Potential for increased government regulation and oversight of blockchain technologies.
- Risk of stifling innovation through overly restrictive policies.
- Concerns about data privacy and security in blockchain applications.
- Potential for misuse of blockchain technology for illicit activities.
- Costs associated with implementing and maintaining blockchain infrastructure.
Constitutional Alignment
The bill's focus on promoting economic growth and technological advancement aligns with the general welfare clause of the Constitution (Preamble). The establishment of advisory committees and the requirement for regular reports to Congress reflect the principle of checks and balances. However, the extent of government intervention in the technology sector could raise concerns about potential infringements on individual liberties and economic freedom, depending on how the regulations are implemented.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).