A spending agreement unveiled by congressional leaders Tuesday—a so-called Christmas Tree stopgap bill packed with various additions before the holiday break—is aimed at averting a government shutdown. But it also includes a relatively novel crypto-related initiative.

Tucked within a 1,547-page bill that would keep the government funded through March 14, 2025, the legislative package currently includes the “Deploying American Blockchains Act,” a measure that would enable the U.S. Department of Commerce to make policy recommendations while assembling a government-backed group of industry experts on Capitol Hill.

First passed in the House of Representatives in May, the bill requires the Department “to support the leadership of the United States in the use of blockchain technology,” according to a description of the original legislation. While establishing definitions for terms like “blockchain technology” and “tokenization,” the bill also requires the Department’s secretary to “serve as a principal advisor” to the president on crypto-related matters, alongside a new advisory committee.

Rep. Larry Bucshon (R-IN) co-sponsored the Deploying American Blockchains Act when it was first introduced in 2023, and he told Decrypt that its inclusion in the stopgap funding bill was the result of bipartisan negotiations.

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Author: André Beganski

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