Blockchain Regulatory Certainty Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3533 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3533 To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 21, 2025 Mr. Emmer (for himself and Mr. Torres of New York) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Blockchain Regulatory Certainty Act''. SEC. 2. SAFE HARBOR FOR NON-CONTROLLING BLOCKCHAIN DEVELOPERS AND PROVIDERS OF BLOCKCHAIN SERVICES. (a) Protection for Non-Controlling Blockchain Services and Software Developers.--No blockchain developer or provider of a blockchain service shall be treated as a money transmitter or as engaging in ``money transmitting'' (as defined under any State or Federal law), a financial institution (as defined under section 5312 of title 31, United States Code), any other State or Federal legal designation requiring licensing or registration, or triggering liability for unlicensed or unregistered conduct, unless the developer or provider has, in the regular course of business, control over digital assets to which a user is entitled under the blockchain service or the software created, maintained, or disseminated by the blockchain developer or provider. (b) Effect on Other Laws.-- (1) Intellectual property law.--Nothing in this section shall be construed to limit or expand any law pertaining to intelle