Pennsylvania is planning to establish a state-level Bitcoin reserve with a new bill introduced by Representative Mike Cabell. This initiative would make Pennsylvania the first U.S. state to adopt a digital asset reserve.
Pennsylvania State Representative Mike Cabell introduces a bill to allow state funds to invest in Bitcoin as a hedge against inflation and to enhance financial stability.
The Pennsylvania House of Representatives is working on a bill to create a Bitcoin reserve, allowing the state treasury to invest up to 10% of funds in Bitcoin, as proposed by Republican Representative Mike Cabell.
Pennsylvania proposes a bill to invest 10% of its $7 billion treasury in Bitcoin to diversify and hedge against inflation. The state is pioneering direct Bitcoin acquisition, setting a precedent. This coincides with Trump's pro-crypto initiatives, enhancing U.S. leadership in cryptocurrency.
