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Pennsylvania Passes Bitcoin Bill

25.10.2024

“My bill would create clear rules for using blockchain and digital assets, ensuring security and encouraging innovation,” said state representative Mike Cabell, commenting on the passage of a new bipartisan bill that guarantees Pennsylvania residents the right to manage their cryptocurrency and use bitcoin as a payment method. He added that this move will help the state’s businesses and citizens benefit from the new technology.

The bill, named the “Digital Assets Authorization Act,” was passed with a margin of 176 votes in favor and 26 against.