Aquino Seeks Passage of Blockchain Budget Bill Amid Congressional Gridlock
Bam Aquino, a senator in the Philippines, is urging the House of Representatives to pass the CADENA Act. The bill aims to allocate funds for blockchain development and research in the country.
The CADENA Act has been stalled in Congress due to lack of support from some lawmakers. However, Senator Aquino believes that the bill will help promote innovation and economic growth in the Philippines by harnessing the potential of blockchain technology.
Aquino emphasized the need for the government to provide funding for research and development in blockchain, citing its growing importance globally. He stated, 'Since 2015, our mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way.'