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Promoting Innovation in Blockchain Development Act
Last updated: 2/26/2026 · Introduced: 2/26/2026
Author: Scott Fitzgerald (R-WI)
TL;DR (AI)
- The bill amends existing law to include currency substitutes within the definition of 'financial institution' for purposes of certain crimes.
- This amendment clarifies the legal status of currency substitutes, which include digital assets like cryptocurrency, in relation to federal criminal statutes.
- The bill formally designates the amendment as the Promoting Innovation in Blockchain Development Act.
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Other Sections
Includes provisions on preamble, short title., and 1 more.
3 sections
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