Pennsylvania Proposes Bitcoin Reserve Bill for State Funds

Pennsylvania Proposes Bitcoin Reserve Bill for State Funds

Pennsylvania's state legislature has introduced a landmark bill that would allow the state to invest in Bitcoin, a move led by Representative Mike Cabell. The proposed legislation, titled the Pennsylvania Bitcoin Strategic Reserve Act, would authorize allocating up to 10% of the General Fund, Rainy Day Fund, and State Investment Fund into Bitcoin, positioning the state as a potential pioneer in adopting digital assets as a hedge against economic...

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