The temporary spending bill in the United States includes the "Deploying the American Blockchain Act" to promote the development of blockchain technology

2024-12-19 08:57:48

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ChainCatcher news, according to Decrypt, the temporary spending bill announced by U.S. congressional leaders on Tuesday aims to avoid a government shutdown and includes measures related to cryptocurrency.

The bill will extend government funding until March 14, 2025, and currently includes the "Deploying American Blockchains Act." This act 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 the U.S. leadership in blockchain technology and to establish a new "National Blockchain Deployment Advisory Committee" to assess the application of blockchain technology and tokenization in federal agencies, promoting the U.S. leading position in global blockchain technology competitiveness.

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