•HRES 1102 IH 
Whereas the global proliferation of smart mobile devices may, 
when combined with blockchain networks, provide bank-
ing and financial services to those who are underserved 
by the existing financial sector; 
Whereas blockchain networks may prove useful for estab-
lishing 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 con-
tractual terms; 
Whereas the ability to record transactions on a blockchain of-
fers new approaches for the United States Government to 
improve transparency, prevent fraud, enhance citizen 
services, and establish trust; 
Whereas blockchain technology promotes transparency, effi-
ciency, 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 de-
vising policies and strategies to embrace these new tech-
nologies; 
Whereas blockchain technology facilitates new types of net-
work participation, including fundraising, access, and use 
through digital token distributions, which American busi-
nesses 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 securi-
ties, 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 
Resolved, That it is the sense of the House of Rep-
resentatives that— 
(1) the United States should prioritize accel-
erating the development of blockchain technology to 
support transparency, security, and authentication 
in a way that recognizes its benefits and allows con-
sumer protection while supporting future innovation; 
(2) the United States Government should create 
an environment that enables the American private 
sector to lead on blockchain innovation and further 
the growth and success of blockchain networks and 
digital currencies; 
(3) United States Federal agencies should work 
toward a coordinated framework to support digital 
currencies and blockchain technology; 
(4) the United States should avoid undue re-
strictions on blockchain networks and the trust-
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•HRES 1102 IH 
worthy decentralized computing services they facili-
tate; 
(5) the United States Government has a re-
sponsibility to prevent and condemn illicit use of dig-
ital currencies and blockchain technology, and its 
aim should be to support and enforce a predictable, 
light touch, consistent, and simple legal environment 
for services facilitated by blockchain networks; and 
(6) the United States recognizes the potential 
benefits and broad use of digital currencies and 
blockchain technology to enhance public services, 
and enable more business growth, capital formation, 
and capital investment. 
Æ 
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