[LIVE] Senate Debates Blockchain Budget Bill: Key Updates

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BitPinas is tracking the key moments, quotes, and decisions from the Senate’s second hearing on SB 1330. Refresh this page for the latest.

The Philippine Senate is set to begin its second public hearing on Senate Bill 1330, the “Blockchain the Budget Bill,” at 10:00 AM PHT.

Live Updates:

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What you Need to Know

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This hearing is the second session for Senate Bill 1330, a proposal to integrate blockchain into the national budget for transparency. Here’s the context:

• As per the previous hearing as well as the meeting of the technical working group, the debate is whether the bill should mandate blockchain, or be “technology-neutral” (allowing for other/future tech).
• This bill could unlock new government grants for web3 builders and signal a major “pro-crypto” stance from lawmakers.
• This hearing may finalize the bill’s framework before it goes to the Senate plenary for a full vote.

For a full primer on the bill, the key players, and what happened at the first hearing, read our complete backgrounder here.

This article is published on BitPinas: [LIVE] Senate Debates Blockchain Budget Bill: Key Updates

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