A U.S. bill to boost computer chip manufacturing that's heading to President Joe Biden's desk will also establish a crypto advisory role inside his administration.

The bipartisan legislation, which cleared both chambers of Congress after a House vote on Thursday, will establish a new adviser on blockchain and cryptocurrency issues who will work in the Office of Science and Technology Policy.

"I am proud to foster the policy needed to ensure innovation continues to take shape in our government," said Rep. Darren Soto (D-Fla.), a crypto supporter who is co-chair of the Congressional Blockchain Caucus, in a statement.