“Policy Dividend Intensified! The U.S. 'Christmas Tree' Bill Illuminates New Prospects for Blockchain!”
The U.S. Congress recently introduced a 1,547-page 'Christmas Tree' spending bill, which aims not only to keep the government operating until March 2025 but also incorporates several technology-related initiatives, focusing on blockchain and artificial intelligence (AI).
Among them, the 'American Blockchain Deployment Act' grants the Department of Commerce the authority to lead blockchain policy development and plans to establish a 'National Blockchain Deployment Advisory Committee' to assess the application potential of blockchain technology in federal agencies. Core issues include practical explorations of asset tokenization and how to leverage blockchain to enhance national security and competitiveness. Notably, the bill also specifies that the Secretary of Commerce will become the President's advisor on cryptocurrency policy.
Additionally, the '2024 Artificial Intelligence Act' focuses on the impact of AI in the financial and housing sectors, exploring how to drive innovation and efficiency improvements in these two major industries.
The new legislative trends indicate a deeper dive into U.S. technology policy, and the integrated development of blockchain and AI may welcome more implementation opportunities. Follow the experts to learn more about industry trends and policy insights!
