IV 

118TH CONGRESS 

1ST SESSION H. RES. 604 

Expressing support for blockchain technology and digital assets. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 20, 2023 

Mr. JOHNSON of South Dakota (for himself, Mr. HILL, Mr. FLOOD, Mr. 

TORRES of New York, and Mr. NICKEL) submitted the following resolution; which was referred to the Committee on Energy and Commerce, and 

in addition to the Committees on Financial Services, and Agriculture, for 

a period to be subsequently determined by the Speaker, in each case for 

consideration of such provisions as fall within the jurisdiction of the committee concerned 

RESOLUTION 

Expressing support for blockchain technology and digital 

assets. 

Whereas entrepreneurs and innovators are building and deploying this next generation of the internet; 

Whereas digital asset networks represent a new way for people to join together and cooperate with one another to 

undertake certain activities; 

Whereas digital assets have the potential to be the 

foundational building blocks of these networks, aligning 

the economic incentive for individuals to cooperate with 

one another to achieve a common purpose; 


pbinns on DSKJLVW7X2PROD with $$_JOB
2 

•HRES 604 IH 

Whereas the digital asset ecosystem has the potential to grow 

our economy and improve everyday lives of Americans by 

facilitating collaboration through the use of technology to 

manage activities, allocate resources, and facilitate decision making; 

Whereas blockchain networks and the digital assets they empower provide creator control, enhance transparency, reduce transaction costs, and increase efficiency; 

Whereas blockchain technology facilitates new types of network participation which businesses in the United States 

may utilize in innovative ways; 

Whereas other digital asset companies are setting up their 

operations outside of the United States, where countries 

are establishing frameworks to embrace the potential of 

blockchain technology and digital assets and provide safeguards for consumers; and 

Whereas digital assets, despite the purported anonymity, provide law enforcement with an exceptional tracing tool to 

identify illicit activity and bring criminals to justice: 

Now, therefore, be it 

1 Resolved, That it is the sense of the House of Rep2 resentatives that— 

3 (1) the United States should seek to prioritize 

4 understanding the potential opportunities of the next 

5 generation of the internet; 

6 (2) the United States should seek to foster ad7 vances in technology to improve our financial system 

8 and create more fair and equitable access to finan9 cial services for everyday Americans; 


pbinns on DSKJLVW7X2PROD with $$_JOB
3 

•HRES 604 IH 

1 (3) the United States must support the develop2 ment of digital assets and the underlying technology 

3 in the United States or risk the shifting of the devel4 opment of such assets and technology outside of the 

5 United States, to less regulated countries; 

6 (4) Congress should enact a functional frame7 work tailored to the specific risks of different digital 

8 asset-related activities and unique benefits of distrib9 uted ledger technology, distributed networks, and de10 centralized systems; and 

11 (5) consumers and market participants will ben12 efit from a framework for digital assets consistent 

13 with longstanding investor protections in securities 

14 and commodities markets, yet tailored to the unique 

15 benefits and risks of the digital asset ecosystem. 

Æ 


pbinns on DSKJLVW7X2PROD with $$_JOB