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International Business Times
International Business Times
Business
Marvie Basilan

What To Know About A Blockchain Measure Included In The Shutdown-Averting Stopgap Bill

blockchain Commerce Government Shutdown
A very lengthy stopgap bill to avoid a government shutdown includes a blockchain measure that could be the first step towards providing targeted rules for blockchain and crypto. (Credit: Andrew Brooks/flickr)

KEY POINTS

  • The 'Deploying American Blockchains Act of 2024' gives power to the Commerce Secretary to advise the incoming president on blockchain policy
  • The Act directs the Commerce chief to assemble an Advisory Committee that includes industry experts and other stakeholders
  • It also requires the development of 'best practices' in deploying blockchain technology, DLT, and other related tech

Congress reached a bipartisan deal to avoid a government shutdown that had significant funding provisions for farmers and disaster relief, but a blockchain measure tucked within the 1,547-page bill may have gone unnoticed.

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