$1.5M is pocket change next to the Commerce Dept’s $2B quantum push, but NSF routing it through ERASE puts D-Wave deeper into the fault-tolerant/gate-model lane instead of pure annealing. For crypto, annealers don’t crack secp256k1; the pressure point is federal money compressing the post-quantum migration timeline for custody stacks, bridge validator sets, and long-lived cold wallets. Any protocol still assuming “we’ll rotate keys when Shor becomes practical” is already betting ops discipline beats state-backed hardware roadmaps.

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