Pennsylvania House passes bipartisan 'Digital Assets Authorization Act' for Bitcoin regulation and usage.

The Pennsylvania House has passed the bipartisan "Bitcoin Rights Bill," officially named the "Digital Assets Authorization Act." This legislation aims to clarify regulations surrounding digital assets like Bitcoin, ensuring residents can self-custody and use them for transactions. It also outlines tax guidelines for these assets. With support from both parties, the bill is set to move to the Senate, potentially positioning Pennsylvania as a leader in cryptocurrency innovation.

October 24, 2024
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