CryptoPH Weekly News Recap: Sep. 08 - 14, 2025

Multiple blockchain bill(s) filed! So what's going to happen next?

Author

Michael Mislos
September 15, 2025 • Estimated Reading Time: 6 minutes

🌟 Editor's Note

Ever since Sen. Bam Aquino filed Senate Bill No. 1330, or the “Blockchain the Budget Bill,” several counterpart measures have also been introduced in the House of Representatives, including:

So what’s gonna happen? Because there are multiple bills with overlapping objectives, Congress may move to harmonize them into a single version. Here’s the likely usual process:

  1. As background, we have four bills - one in the Senate and four in the House.

  2. Each bill will be referred to the appropriate committee in its respective chamber. There will be hearings and consultations to refine the bills.

  3. If the bills are similar, the House may decide to consolidate the three bills into one substitute bill. The Senate will refine its own version.

  4. Eventually, there will be one Senate-approved version and one House-approved version.

  5. After that is a bicameral conference committee (a “bicam”), the Senators and the Representatives will reconcile differences between their versions.

  6. The ending effort is a unified “final version” of the blockchain bill.

  7. The bicam report (final version) will be sent back to both chambers for approval (ratification).

  8. Then it will be forwarded to the President for his signature.

  9. If signed, it becomes a Republic Act (RA). If vetoed, Congress can override with a 2/3 vote.

Who gets authorship of the bill depends on which bill(s) survives the process.

Anyway, that’s a topic for next time! For now, let’s finally dive in.

🧠 Top Story This Week

💡 Negros Occidental Rep Files Bill For Blockchain-Based Budget System

The bill, titled “An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process,” was filed by Negros Occidental 3rd District Rep. Javier Miguel Benitez on September 8, 2025.

As of writing, the measure is pending first reading in the House of Representatives.

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🚀 Around the Country

  • Rep. Brian Poe Llamanzares filed House Bill 4489 to establish a National Budget Blockchain System for transparent, immutable budget records.

  • DICT Secretary Henry Aguda estimated blockchain rollout could cost up to ₱1B, with final figures still being finalized.

  • Negros Occidental Rep. Javi Benitez filed HB 04380 to establish a National Budget Blockchain System for greater transparency and accountability.

  • The Philippines fell to 9th place in the 2025 Chainalysis Global Crypto Adoption Index.

  • Base Philippines introduced their Regional Ambassadors.

  • Agent DareDevil made it to the Top 5 of the Core Global Buildathon.

Scene on the Ground

⛰️ TedX Forbes Park

TEDxForbesPark 2025, held in BGC last September 8, brought together global thought leaders tackling themes from AI parenting to leadership, with standout web3 talks including Vugar Usi Zade of Bitget on blockchain education and Ben Nadareski on DeFi’s future of trust.

The event highlighted how blockchain and web3 ideas are shaping systems, finance, and the next generation of innovators.

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Key Details:

  • More than 500 exhibitors are scheduled to participate.

  • Organizers said attendees will come from over 160 countries.

  • The event will include a 36-hour hackathon and a startup competition in partnership with Dragonfly, Pantera, and Maelstrom.

  • Around 1,000 related side events are planned across Singapore during the same week.

🗓️ Next Events!

Final words

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