The Pennsylvania House of Representatives unanimously passed House Bill 2481, known as the Bitcoin Rights bill, with 176 votes for and 26 against, emphasizing bipartisan support for digital asset regulation.
This legislation clarifies residents' rights regarding self-custody of digital assets, establishes guidelines for using bitcoin as a payment method, and outlines how bitcoin transactions will be taxed.
Given that 12% of Pennsylvania's population engages in cryptocurrency, the bill highlights the demand for regulatory clarity and the increasing importance of digital assets among residents.
Developed with the help of the Satoshi Action Fund, the bill is part of a broader movement across the United States to create supportive regulatory frameworks for the growing crypto market.
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