Analysis Of 21 Cryptocurrency And Blockchain Bills In Congress

As of the end of 2019, Congress has introduced 21 bills addressing cryptocurrency and blockchain policy that could be considered in 2020 by the second year of the 116th Congress. Indeed, U.S. legislators have been busy examining the landscape of how this new technology has been and could be impacting businesses, consumers, and society at large. Although Congress introduced a total of 22 bills that involve cryptocurrencies or blockchain technology, there are three main public policy areas that will likely be the continued focus of the 116th Congress into 2020.

The first main public policy issue relates to how cryptocurrency might be used in a wide variety of very dangerous activities, such as evading U.S. sanctions, human trafficking and terrorist…