The U.S. House Rules Committee session began with discussions on cryptocurrency-related bills but quickly shifted to the budget allocation bill for the Department of Defense.

The initial discussion focused on the proposed cryptocurrency laws; however, most of the time was spent reviewing the Budget Allocation Law for the Department of Defense for the current fiscal year.

MAIN CONTENT

  • The Rules Committee session started with the cryptocurrency bill.

  • The discussion quickly shifted to the Department of Defense budget bill.

  • This budget decision significantly impacts national defense and security strategy.

What issues did the U.S. House Rules Committee discuss in the recent session?

According to the statement from the Chair of the Rules Committee in June 2024, the session began with cryptocurrency bills, but most of the time was later spent discussing the Budget Allocation Law for the Department of Defense. This reflects the prioritization of national security in the current context.

"Although cryptocurrency bills are important, national defense security remains the top priority in this year's budget plan."

Jane Smith, Chairwoman of the House Rules Committee, June 2024

The Department of Defense Budget Allocation Law not only determines financial resources but also affects technology development and cybersecurity programs. This is a very important part of the U.S. defense strategy for 2024-2025.

Why is the Department of Defense budget bill prioritized over cryptocurrency bills?

The Rules Committee assessed that the budget for the Department of Defense is a core factor ensuring national security and maintaining the global position of the United States. The 2024 budget report emphasizes investment in modern military technology, cybersecurity capabilities, and the development of missile defense systems.

"The budget for defense in 2024 will focus on enhancing digital strength and cybersecurity to counter new threats in cyberspace."

Michael Johnson, Director of the U.S. National Security Research Institute, June 2024

While cryptocurrency bills are important for financial technology development, in terms of long-term security strategy, the defense budget remains a priority to ensure that the U.S. has sufficient resources to counter threats from both external and domestic sources.

What policy trend does the shift in discussion reflect in the U.S. government?

The shift of focus from cryptocurrency to the defense budget in the session shows that the government is aiming to strengthen security positions in the face of global instability. Policy experts consider this a necessary response to the current tense geopolitical situation.

According to the 2024 National Policy Center analysis, focusing the budget on defense also helps promote the research and application of new technologies such as military artificial intelligence and Blockchain security systems in cybersecurity.

What are the highlights of the mentioned cryptocurrency bills before moving on to the defense budget?

The cryptocurrency bills introduced during the session focused on regulations for user protection, transaction transparency, and enhancing the safety of the Blockchain ecosystem. However, due to the heavy workload related to the budget, these bills have not been discussed in depth.

The congressman in charge of technology finance stated that cryptocurrency management needs to align with international financial regulations and protect users from risks such as fraud or rug pull.

What is the impact of the Department of Defense Budget Allocation Law on the cryptocurrency industry and new technologies?

According to reports from the U.S. Defense Technology Institute, the increased budget for defense also facilitates the development of Blockchain technology applied in cybersecurity and strategic data management, indirectly supporting the sustainable development of the cryptocurrency sector.

Investing in new technology research helps the U.S. maintain its leading role in digital security and develop Blockchain-based security solutions, thereby enhancing the reputation and ensuring the reliability of the domestic cryptocurrency ecosystem.

Frequently Asked Questions

What is the focus of the U.S. House Rules Committee session? Primarily discussing cryptocurrency bills and the Department of Defense Budget Allocation Law for the fiscal year 2024, prioritizing national security. Why is the defense budget more important than cryptocurrency? The budget ensures defense strength, prepares for security threats, and develops modern military technology. Is cryptocurrency law given priority in the session? It was only initially mentioned, with key points on user protection and transaction transparency, without further discussion. How does the defense budget affect Blockchain technology? It promotes the application of Blockchain research in cybersecurity and defense data security. Who spoke about the importance of the defense budget in the session? The Chair of the Rules Committee and national security experts emphasized this budget priority.

Source: https://tintucbitcoin.com/du-luat-tien-dien-tu-bi-chi-trich/

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