Senate Debates Blockchain Budget Bill for Transparency
On November 4, 2025, the Philippine Senate committees on Science and Technology and Finance held the second public hearing on the Blockchain Budget Bill (SB 1330). Senators and experts debated whether to require a blockchain-specific platform for public spending transparency or adopt a technology-neutral framework. Supporters such as DICT Secretary Henry Aguda and industry group Twala touted blockchain’s ability to curb corruption, secure records and unlock government grants for Web3 builders, while opponents like WeSolve Foundation warned of potential access barriers. Sponsor Senator Bam Aquino signaled openness to a technology-neutral “Secure and Open the Budget Bill” alternative proposed by Ann Cuisia. Traders should monitor the Blockchain Budget Bill’s final framework ahead of the Senate plenary vote, as formal recognition of blockchain in the budget process could spur pilot projects, institutional adoption and higher valuations in the Philippine crypto market.
Bullish
The Senate’s move to integrate blockchain into the national budget process signals strong government support for crypto innovation. Formal recognition via the Blockchain Budget Bill could unlock Web3 grants, pilot projects and institutional adoption, boosting project valuations and liquidity. In the short term, clarity on the bill’s framework may spur speculative trading, while long-term benefits include enhanced fiscal transparency, reduced corruption and broader market confidence—all bullish indicators for Philippine blockchain assets.