Deploying American Blockchains Act of 2023

The Deploying American Blockchains Act of 2023 directs the Secretary of Commerce to lead U.S. efforts in blockchain technology, focusing on promoting competitiveness and security. It requires the Department of Commerce to develop and share best practices for blockchain use, cybersecurity, and tokenization, while establishing an advisory committee with industry experts, government agencies, and stakeholders. The bill mandates annual reports to Congress on blockchain adoption, risks, and recommendations, but does not require private entities to adopt any specific practices or share information. This legislation primarily affects federal agencies, private sector developers, and businesses exploring blockchain applications in areas like supply chains, healthcare, and cybersecurity.