Share this article
Blockchain Support Bill Passes Vote in US Congress
The House of Representatives has passed a resolution calling for a national technology policy which includes language for digital currencies.
By Stan Higgins
Updated Sep 11, 2021, 12:29 p.m. Published Sep 12, 2016, 10:10 p.m.
Make us preferred on Google
The US House of Representatives has passed a non-binding resolution calling for a national technology innovation policy that includes supportive language for digital currencies and blockchain technology.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
in July, the resolution calls on the US government to craft a national policy for technology, with specific mentions for digital currencies and blockchain. The bill was written by Illinois Representative Adam Kinzinger, with Representative Tony Cardenas from California sponsoring.
The resolution passed by a voice vote following statements from backers late this afternoon. Though non-binding, the measure is perhaps the most significant to emerge from Congress to date on the subject of digital currencies and blockchain tech.
The resolution emerged months after the House Committee on Energy and Commerce discussed the technology, and comments from supporters on the debate floor indicated that there was genuine interest in the issue among House members.
Rep. Michael Burgess, a Republican from Texas, said at the hearing:
"There’s no doubt that blockchain innovations are on the cutting edge today."
What remains to be seen is whether the next session of Congress, which will meet after this November's US elections, will take up a more substantive bill focused specifically on bitcoin and blockchain.
However, the bipartisan nature of today's resolution suggests that a bill could be put forward in the next year in either the House or the Senate.
Hat tip to Coin Center
House of Representatives image via Shutterstock
Correction: This article has been updated that Rep. Adam Kinzinger represents Illinois, not Indiana, in the US House of Representatives.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20
One proposed fund will attempt to exactly mimic the CoinDesk 20, but the other would track the index, excluding bitcoin.
What to know:
- ARK Invest has filed with U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 index.
- One proposed fund would track the CoinDesk 20, which provides exposure to major tokens, including bitcoin, ether, solana, XRP, and cardano. The other would track the same index, but exclude bitcoin, by pairing long index futures with short bitcoin futures.
- The funds, which would list on NYSE Arca if approved, aim to offer diversified crypto exposure without direct token custody and follow similar, still-unapproved crypto index ETF proposals from WisdomTree and ProShares.
Top Stories
