According to ChainCatcher and reported by Decrypt, the temporary spending bill unveiled by U.S. congressional leaders on Tuesday aims to avert a government shutdown and includes measures related to cryptocurrency.
The bill will extend government funding until March 14, 2025, currently including the 'Deploying American Blockchains Act.' This bill will enable the U.S. Department of Commerce to propose policy recommendations and establish a government-backed task force of industry experts on Capitol Hill.
The bill requires the Department of Commerce to support U.S. leadership in blockchain technology and establish a new 'National Blockchain Deployment Advisory Committee' to evaluate the application of blockchain technology and tokenization in federal agencies, promoting the U.S. competitive edge in global blockchain technology.
