Michigan
Will the Currency Options Information and Navigation Act Help Small Businesses Manage Crypto?
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Key points
- Representative Hillary Scholten introduced H.R. 10399, the Currency Options, Information, and Navigation Act, to help small businesses evaluate digital assets.
- The bill was referred to the House Committee on Small Business on September 15, 2026.
- The introduction coincided with a subcommittee hearing addressing the impact of cryptocurrency on Main Street.
NewsWK — Small business owners across the nation face growing pressure to understand cryptocurrency. A new legislative push aims to give them better tools to evaluate these emerging digital assets.
Why it matters
This legislation directly impacts how local employers navigate the volatile world of digital finance. As cryptocurrency becomes more common, small businesses need clear guidance to avoid costly financial mistakes. The bill seeks to provide formal resources so Main Street can safely weigh the risks and benefits of digital transactions.
What is the Currency Options Information and Navigation Act?
The Currency Options Information and Navigation Act, also known as HR 10399, is a new bill. It amends the Small Business Act to help local firms evaluate digital assets. Representative Hillary Scholten introduced the legislation to provide clear guidance for small business digital assets.
Representative Hillary Scholten (D-Michigan) sponsored the Hillary Scholten crypto bill on September 15, 2026. The House Committee on Small Business received the bill upon its official introduction. Currently, the legislation remains in the initial committee referral stage as lawmakers review its provisions.
How does the Currency Options Information and Navigation Act fit into wider crypto debates?
The bill arrived alongside active congressional discussions regarding small business digital assets. On the same day, the House Small Business Committee cryptocurrency subcommittee hosted a special hearing. This session was titled “Main Street Meets Crypto: What Digital Assets Mean for Small Businesses.”
This session highlighted the urgent need for regulatory clarity. Lawmakers are also considering other related measures, such as the Digital Asset Market Clarity Act. These combined efforts show a growing congressional focus on protecting local enterprises. The proposed legislation references several federal laws. These include parts of the Small Business Act under Title 15 of the United States Code.
This article was produced with the assistance of AI and reviewed by our editorial team.
Sources
Related: House Resolution 1499 Clears Way for Critical Votes on Mining, Higher Education, and Maritime Rules
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