The house Passed HB 1664 on June 26who indicates the Minister of Trade as the President’s most important adviser on matters related to distributed Ledger technology
The measure, introduced by Rep. Kat Cammack and co -sponsored by Rep. Darren Soto, subjected by the voice voice under the suspension of the rules on 26 June, according to the summary of the Chamber.
The implementation of American Blockchains Act from 2025 is now going to the Senate for consideration.
Blockchain -coordinator
The bill requires that the department launches a blockchain implementation program that policy recommendations will develop, promoting interoperability standards and studies federal agency cases for systems on chains.
Within 180 days of the entry into force, the Secretary of Advisory Committees must convene that draws from federal agencies, technology suppliers, academic institutions, cyber security specialists, national stakeholders and the maker community.
Participation will inform the Best Practice Frameworks that cover decentralized identity, important management of management, supply chain applications and fraud disaster techniques. Commerce must also develop standardized terminology, so that agencies and industry rely on a common lexicon.
The legislation instructs trade to investigate how existing federal systems can benefit from tokenization, identify security upgrades that are necessary to protect critical infrastructure and to coordinate government reactions on distributed ledger threats.
It remembers the department of mandatory private companies to share data or to accept recommendations from agencies, so that voluntary involvement of the industry is retained. The Blockchain implementation program Zonsatie goes seven years after determination unless again authorized.
Bipartisan Backing and Senate Provision
Cammack framed the bill as a competitiveness initiative that “the American leadership in blockchain innovation would cement”. At the same time, Soto pointed to the emerging blockchain hub from Florida as proof of domestic potential, according to a press release from the house.
Industrial groups such as the Digital Chamber of Commerce endorsed the measure and said it offers a clear federal landing zone for cooperation in the private sector.
The law requires trade to publish a public report to the congress detailing program activities, emerging risks and any legal changes that are necessary to support the American leadership in distributed ledger infrastructure two years after adoption and thereafter.
With approval of the house protected, HB 1664 now goes to the Senate, where a companion measure sponsored by senators Bernie Moreno, Lisa Blunt Rochester and Tim Sheehy is waiting for the planning.
The legislators will decide whether they will move forward or change the language of the houses before he can reach the president’s office.