The U.S. Congress recently announced a temporary spending bill aimed at avoiding a government shutdown, while also bringing some new developments for the cryptocurrency industry📈. This bill extends government funding until March 14, 2025, and includes the "Deployment of the U.S. Blockchain Act." The act empowers the U.S. Department of Commerce to propose policy recommendations and establish a government-supported group of industry experts.

The bill requires the Department of Commerce to support the United States' leadership in blockchain technology by establishing a "National Blockchain Deployment Advisory Committee." This committee will evaluate the application of blockchain technology and tokenization within federal agencies, promoting the U.S.'s leading position in global blockchain technology competitiveness🌍. This initiative could bring new opportunities and challenges to the blockchain industry.