IV 

115TH CONGRESS 

2D SESSION H. RES. 1102 

Expressing support for digital currencies and blockchain technology. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 28, 2018 

Mr. EMMER (for himself, Mr. SOTO, Mr. SCHWEIKERT, Mr. POLIS, and Mr. 

MCHENRY) submitted the following resolution; which was referred to the 

Committee on Energy and Commerce, and in addition to the Committee 

on Financial Services, 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 digital currencies and blockchain 

technology. 

Whereas the emergence of blockchain networks in many ways 

parallels the emergence of the internet at the end of the 

20th century; 

Whereas the internet flourished in part due to a light-touch 

regulatory approach embodied by the United States Government’s five principles for the Global Information Infrastructure; 

Whereas blockchain networks, exemplified by digital currencies, can today facilitate critical services such as value 

transfer directly between users; 


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•HRES 1102 IH 

Whereas the global proliferation of smart mobile devices may, 

when combined with blockchain networks, provide banking and financial services to those who are underserved 

by the existing financial sector; 

Whereas blockchain networks may prove useful for establishing trustworthy decentralized computing services that 

go beyond value transfer, including identity, security for 

the Internet of Things, rights management for digital 

content, efficiencies in insurance, energy, health care, and 

instant execution, monitoring, and enforcement of contractual terms; 

Whereas the ability to record transactions on a blockchain offers new approaches for the United States Government to 

improve transparency, prevent fraud, enhance citizen 

services, and establish trust; 

Whereas blockchain technology promotes transparency, efficiency, and certainty across many business processes, 

which increases access to capital, encourages innovation, 

promotes job creation, and stimulates economic growth; 

Whereas foreign governments are exploring the use of 

blockchain technology to enable government agencies to 

experiment, build, and deploy digital services for citizens 

based on blockchain technology; 

Whereas digital currency companies are still finding homes 

outside of the United States, and other countries are devising policies and strategies to embrace these new technologies; 

Whereas blockchain technology facilitates new types of network participation, including fundraising, access, and use 

through digital token distributions, which American businesses can use in many innovative ways; 


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•HRES 1102 IH 

Whereas digital currencies and tokens are not homogeneous, 

but instead may function as a representation of many 

different physical or intangible things, including securities, digital assets, data points, currencies, licenses, 

records, and many other items; and 

Whereas United States financial regulators, the General 

Services Administration (GSA), and other agencies have 

collaborated to explore potential use cases to adopt these 

new technologies to make government more efficient and 

effective: Now, therefore, be it 

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

3 (1) the United States should prioritize accel4 erating the development of blockchain technology to 

5 support transparency, security, and authentication 

6 in a way that recognizes its benefits and allows con7 sumer protection while supporting future innovation; 

8 (2) the United States Government should create 

9 an environment that enables the American private 

10 sector to lead on blockchain innovation and further 

11 the growth and success of blockchain networks and 

12 digital currencies; 

13 (3) United States Federal agencies should work 

14 toward a coordinated framework to support digital 

15 currencies and blockchain technology; 

16 (4) the United States should avoid undue re17 strictions on blockchain networks and the trustVerDate Sep 11 2014 22:50 Sep 28, 2018 Jkt 079200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\HR1102.IH HR1102

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•HRES 1102 IH 

1 worthy decentralized computing services they facili2 tate; 

3 (5) the United States Government has a re4 sponsibility to prevent and condemn illicit use of dig5 ital currencies and blockchain technology, and its 

6 aim should be to support and enforce a predictable, 

7 light touch, consistent, and simple legal environment 

8 for services facilitated by blockchain networks; and 

9 (6) the United States recognizes the potential 

10 benefits and broad use of digital currencies and 

11 blockchain technology to enhance public services, 

12 and enable more business growth, capital formation, 

13 and capital investment. 

Æ 


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