On February 5, House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development Chairman Dusty Johnson (R-SD), alongside Ranking Member Don Davis (D-NC), House Financial Services Subcommittee on Digital Assets Chairman Bryan Steil (R-WI), and Ranking Member Ritchie Torres (D-NY), announced a bipartisan resolution aimed at fostering innovation, enhancing financial transparency, and protecting consumers.

A Push for Clear Regulation

The resolution acknowledges blockchain’s ability to improve financial systems and boost economic growth, while also emphasizing the urgent need for regulatory clarity in the U.S. crypto industry.

“Digital assets need a regulatory framework to thrive in America. I look forward to working with Rep. Steil to bring clarity to digital assets,” said Johnson.

Steil echoed the sentiment, adding:
“Digital assets have tremendous unrealized potential. Congress must take meaningful action to foster innovation, protect consumers from fraud, and encourage development in this sector.”

The proposal stresses the importance of the U.S. leading in blockchain development rather than ceding innovation to countries with more defined crypto laws. It urges lawmakers to create a legal framework that accommodates decentralized technology while maintaining investor protections.

Key Goals of the Blockchain Resolution

The bipartisan resolution highlights several key objectives for digital asset regulation in the U.S.:

1. Fostering Financial Innovation – Recognizing blockchain’s potential to improve financial systems and drive economic growth.
2. Encouraging Regulatory Clarity – Establishing rules that protect investors while ensuring fair competition.
3. Preventing the U.S. From Losing Innovation – Ensuring domestic leadership in blockchain and preventing talent and businesses from moving overseas.
4. Expanding Financial Access – Enabling more equitable access to decentralized financial services.
5. Protecting Consumers from Fraud – Implementing regulations that safeguard users while supporting responsible crypto development.

Torres reinforced this, stating:
“Blockchain technology and digital assets represent the future of innovation, economic growth, and financial inclusion.”

Will Congress Act?

While this resolution is not yet binding law, it marks an important shift in U.S. government sentiment toward digital assets. Over the past few years, regulatory uncertainty and enforcement actions have deterred some companies from expanding their crypto operations in the U.S.

The proposal comes amid growing calls for clear digital asset policies and follows recent moves by the Biden and Trump administrations to establish a structured approach to crypto regulation. The SEC’s recent repeal of SAB 121 and the growing interest in crypto ETFs and stablecoin frameworks further indicate that lawmakers are preparing for major policy shifts.

If Congress follows through with meaningful action, this resolution could pave the way for comprehensive digital asset legislation—bringing regulatory clarity while ensuring the U.S. remains competitive in blockchain innovation.