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Marsha Blackburn

Marsha Blackburn (R)

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Sen. Marsha Blackburn has 1 statement(s) about crypto.

Senator Blackburn is a member of the Financial Innovation Caucus: "The caucus will serve as a space in the Senate to discuss domestic and global financial technology issues, and to launch legislation to empower innovators, protect consumers and guide regulators, while driving U.S. financial leadership on the international stage. The caucus will focus on a number of issues critical to the future of banking and U.S. competitiveness on the global stage, including: - Responsible financial innovation - Distributed ledger technology (blockchain) - Digital assets - Artificial intelligence and machine learning - Data management - Consumer protection - Combating Money laundering - Faster payments - Central bank digital currencies - Stablecoins - Promoting financial inclusion and opportunity for all"

Financial Innovation Caucus: United States Senate

Crypto bill sponsorship

Sen. Marsha Blackburn has put out 2 crypto bills.

Hizballah in Latin America Accountability Act of 2021

S. 1651

117th Congress

Bill pending

This bill establishes requirements related to activities of Hizballah in Latin America and the Caribbean.

Specifically, the President must impose property- and visa-blocking sanctions on foreign persons determined to have knowingly engaged in significant transactions with, or provided material support to, Hizballah in a Latin American or Caribbean country.

The Department of the Treasury, in consultation with the Department of State, must report on illicit activities of Hizballah in Latin America and the Caribbean. This report must include (1) an estimate of how much of Hizbollah's budget derives from such activities, (2) an assessment of interagency efforts and progress in countering such activities, and (3) an identification of financial institutions in Latin America and the Caribbean known to be operating on behalf of or with ties to Hizballah.

The Department of Homeland Security must seek to improve (1) data sharing among trade transparency units with respect to operations against malign actors among Latin American and Caribbean countries, and (2) cooperation with federal agencies with respect to trade transparency units.

National R & D Strategy for Distributed Ledger Technology Act of 2022

S. 4109

117th Congress

Bill pending

This bill provides for a national strategy and research and development regarding technologies related to distributed ledgers (e.g., blockchain or Bitcoin). A distributed ledger is a ledger that is shared across and synchronized between a set of distributed nodes (i.e., devices or processes) in a network that store a complete or partial replica of the ledger and meet other requirements.

The Office of Science and Technology Policy must develop a national strategy for the research and development of distributed ledger technologies and their applications, with a particular focus on applications of public and permissionless distributed ledgers. The office must coordinate with the National Science and Technology Council and other relevant federal agencies, as appropriate, on the strategy. The national strategy shall include

  • plans to support public and private sector investment and partnerships in research and technology development for societally beneficial applications of distributed ledger technologies, and

  • an identification of additional resources, administrative action, or legislative action recommended to assist with the implementation of such strategy.

The National Science Foundation shall make competitive awards to institutions of higher education or nonprofit organizations (or their consortia) to support research, including socio-technical research, on distributed ledger technologies and their applications, with a particular focus on applications of public and permissionless distributed ledgers.

The National Institute of Standards and Technology shall carry out an applied research project to study and demonstrate the potential benefits and unique capabilities of distributed ledger technologies.

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