- The US Senate urges the Defense Department to explore blockchain for national security and supply chain enhancement.
- The GOP endorses crypto innovation while opposing CBDC, signaling evolving support for digital assets.
The US Senate Committee on Armed Services has directed the Department of Defense to explore blockchain technology for enhancing national security, particularly in supply chain management. This move comes as part of the fiscal year 2025 National Defense Authorization Act (NDAA), highlighting blockchain’s potential to support data integrity and combat data manipulation by adversaries.
In a separate development, US politicians are increasingly backing Bitcoin and cryptocurrencies. The Republican National Committee unveiled a new policy platform to prop up digital asset innovation. This move focused on supporting digital asset advancements, which contrasts with the party’s stance against a central bank digital currency.
The Republican National Committee’s updated policy platform includes a clear push to promote cryptocurrency and opposes the introduction of a central bank digital currency (CBDC). Former President Donald Trump’s party has formally embraced this stance, as outlined in a document released on Monday by the RNC. Further, the platform outlines priorities for Trump and other GOP candidates as they prepare for the upcoming November election. This underscores growing Republican interest in digital assets.
Additionally, there is a growing push for clarity on crypto tax policies amid this momentum. The focus is on how these digital assets and blockchain will be regulated. This is shaping the landscape as political figures navigate these issues leading up to the November elections.
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