Rep. Cruz Files 10th Blockchain Bill for Transparency

Rep. Agatha Cruz introduced House Bill 4935 on September 29, 2025, to establish a National Budget Blockchain System that will track government spending and increase transparency, accountability and citizen participation. This blockchain bill marks Cruz’s tenth proposal leveraging distributed ledger technology for public oversight and is currently pending with the House Committee on Appropriations. Earlier in September, Cruz filed additional transparency bills, including HB 4612 on the people’s right to information and HB 4770 barring close relatives of officials from government contracts. The blockchain bill is one in a slate of ten proposed measures to modernize public services and secure fiscal records. These include a Strategic Bitcoin Reserve (HB 421), a Blockchain Technology Development Council (HB 4380) and funding for a tamper-proof budget ledger (SBN 1330). The growing slate of blockchain legislation underscores the Philippine legislature’s focus on digital governance, budget transparency and the broader digital asset policy framework. For crypto traders, these developments signal increasing institutional support for blockchain solutions and may pave the way for clearer regulations and enhanced government adoption of distributed ledger technology. Traders should monitor regulatory updates, as adoption of a National Budget Blockchain System could set precedents for future digital asset integration and influence market sentiment.