Crypto Daily – Pennsylvania has proposed a Strategic Reserve bill that seeks to incorporate cryptocurrency into state reserves, setting a precedent for digital asset adoption in government finance.
Proposal for a Bitcoin Reserve
Pennsylvania has introduced a bill aiming to create a Bitcoin Strategic Reserve, marking a significant step in integrating digital assets into state-level financial strategies. The proposal, spearheaded by Representative Mike Cabell, seeks to position Pennsylvania as a leader in cryptocurrency adoption, aligning the state’s financial planning with emerging trends in digital asset management.
The legislation would allow the state treasury to allocate a portion of its reserves exclusively to Bitcoin. Advocates view this as a hedge against inflation and a move to safeguard the economic future of the Commonwealth.
Broader National Context
The introduction of this bill follows national discussions on cryptocurrency reserves….
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