Deploying American Blockchains Act of 2025
Summary
The Deploying American Blockchains Act of 2025 aims to establish the Secretary of Commerce as the principal advisor to the President on policies related to blockchain technology. It mandates the creation of a National Blockchain Deployment Advisory Committee to provide recommendations on various aspects of blockchain deployment, use, and competitiveness. The Act also directs the Secretary to develop a compendium of best practices for blockchain technology and to report regularly to Congress on activities and emerging trends.
Expected Effects
This act will likely lead to increased federal government involvement in blockchain technology. It could foster innovation and standardization in the blockchain space. The creation of the advisory committee will bring together experts from various sectors to guide policy and promote the technology's adoption.
Potential Benefits
- Promotes U.S. leadership in blockchain technology.
- Encourages innovation and development of blockchain applications.
- Enhances cybersecurity measures related to blockchain.
- Facilitates coordination among federal agencies on blockchain-related matters.
- Supports the development of best practices and standards for blockchain deployment.
Potential Disadvantages
- Potential for increased regulation and government oversight of blockchain.
- Risk of biased recommendations from the advisory committee due to its composition.
- Possible delays in blockchain adoption due to bureaucratic processes.
- Uncertainty regarding the effectiveness of the best practices compendium.
- Duplication of efforts if existing blockchain initiatives are not properly considered.
Constitutional Alignment
The Act appears to align with the Constitution's Commerce Clause (Article I, Section 8), which grants Congress the power to regulate commerce among the states. By promoting the development and deployment of blockchain technology, the Act could facilitate interstate commerce. The establishment of an advisory committee and the development of best practices fall within the scope of Congress's implied powers to enact laws necessary and proper for carrying out its enumerated powers (Article I, Section 8, Necessary and Proper Clause).
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).