Congress·In Committee·H.R. 7732

Blockchain: Defining Control for Money Transfer Laws

Promoting Innovation in Blockchain Development Act

Legislative Progress

House

Senate

President

Law

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.

2 milestones2 actions

Feb 26, 2026House

Referred to the House Committee on the Judiciary.

Feb 26, 2026

Introduced in House

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.

(3)

D: 1R: 2

Congress.gov

Official legislative information

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