Pennsylvania House Pushes Bill To Create State Bitcoin Reserve

Quick Summary:

The bill has been presented by Republican Representative Mike Cabell, and this bill seeks to permit the treasury of Pennsylvania to invest up to 10% of its funds in Bitcoin.

The Pennsylvania House of Representatives has drafted a bill to add a strategic Bitcoin reserve for the state.

The Bitcoin Strategic Reserve Act was crafted with input from the Satoshi Action Fund, a Bitcoin advocacy group.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Bitcoin Reserve Donald Trump Bitcoin Crypto bill Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 18:47:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23590580

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News Last Updated: 8 hours ago

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