With the end of 2021, the 117th Congress proposed 35 bills in 2021, focusing on cryptocurrency and blockchain policies. Members of Congress proposed three different types of bills, focusing on (1) cryptocurrency regulation, (2) the application of block chain technology, and (3) Central Bank digital currency (CBDC). The first set of bills focuses on how regulators such as the securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will regulate encryption and blockchain tokens. The blockchain and distributed ledger Technology Act focuses on ways to promote encryption technology within the U.S. government for wider use in other economic sectors. Finally, the new concept of CBDC continues to be explored, and some policymakers believe that there are risks in the status of the US dollar as a world reserve currency based on technological innovation such as a stable currency.