According to ChainCatcher and reported by Decrypt, the temporary spending bill announced by U.S. congressional leaders on Tuesday aims to avoid a government shutdown and includes crypto-related initiatives.
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-supported group 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 assess the application of blockchain technology and tokenization in federal agencies, promoting U.S. leadership in global blockchain technology competitiveness.