U.S. Lawmakers Introduce the 2026 Blockchain Development Innovation Promotion Act to Clarify Money Transmission Rules

A bipartisan group of U.S. House lawmakers introduced the 2026 Blockchain Development Innovation Promotion Act, aiming to protect blockchain developers from criminal prosecution. The bill clarifies that Section 1960 applies only to entities managing customer funds, not those writing or distributing code. Sponsors include Reps. Scott Fitzgerald, Ben Cline, and Zoe Lofgren.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.