Promoting Innovation in Blockchain Development Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- +15
- Latest action
- Feb 26, 2026
What it does
The bill would amend Section 1960(a) of Title 18 of the United States Code to clarify that individuals who knowingly exercise control over currency, funds, or other value that substitutes for currency—such as in blockchain-based transactions—may be subject to criminal penalties under federal money transmitting laws. It targets those who operate unlicensed money transmitting businesses involving digital assets or blockchain technologies, aiming to close a perceived regulatory gap. The change affects developers, operators, and users of blockchain systems who facilitate value transfer without proper licensing under federal law. By inserting specific language about control over substitute…
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.