Referred to the House Committee on Financial Services.
Finance and Financial Sector
Why This Matters
This bill provides legal protection for blockchain developers who do not control users' digital assets, making it easier for them to operate without heavy regulations.
If you are a blockchain developer, this bill could help you avoid costly licensing requirements.
Who this affects
Blockchain developers · Blockchain service providers
What changes is this bill making?
1This bill protects certain blockchain developers from needing licenses or registrations.
2It applies to developers who do not control digital assets for users.
3The bill clarifies that these developers are not considered money transmitters.
4It allows states to enforce their own laws as long as they align with this bill.
5The bill does not change any existing intellectual property laws.
