The US 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 US Blockchain Act." The bill empowers the US Department of Commerce to propose policy recommendations and forms a government-supported panel composed of industry experts.

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