Pennsylvania considers bitcoin as a state reserve in its new bill

Pennsylvania House of Representatives introduces new legislation to allow the state to hold Bitcoin as a reserve asset.

According to a journalist at Fox Business, Pennsylvania has introduced a new bill today on November 14th. The new bill, if passed would add Bitcoin to the state’s financial reserves. Furthermore, Pennsylvania would also become one of the first states of the United States to do so.

This bold move also reflects the growing acceptance of cryptocurrencies in mainstream finance.

🚨SCOOP: Today the Pennsylvania House of Representatives introduced legislation that would enable the state to hold Bitcoin on its balance sheet as a reserve asset in a broader movement to recognize $BTC as a store of value.

Full write-up on @FoxBusiness coming shortly.

— Eleanor Terrett (@EleanorTerrett) November 14, 2024