Congress·In Committee·H.R. 7732
Promoting Innovation in Blockchain Development Act
Blockchain: Defining Control for Money Transfer Laws
Legislative Progress
House
Key Points
- This bill changes how the government defines an illegal money-sending business. It says that to be guilty of a crime, a person must actually have control over the money or digital value being moved.
- The main goal is to protect people who build blockchain technology and software. It ensures that developers aren't treated like banks or money transmitters just because they created the tools that other people use to trade digital currency.
- By making the law more specific, this change aims to keep tech jobs and innovation in the United States. It provides more legal safety for companies that create financial software but do not handle customer deposits themselves.
Impact Analysis
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Milestones
2 milestones2 actions
Feb 26, 2026
Referred to the House Committee on the Judiciary.
Feb 26, 2026
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Promoting Innovation in Blockchain Development Act
Bill NumberHR 7732
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on the Judiciary.
Data Sources
Sponsor
Cosponsors
(4)D: 2R: 2
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