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Pennsylvania introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchases – TON BOT

Pennsylvania introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchases

Pennsylvania’s legislature has introduced groundbreaking legislation to establish a Bitcoin reserve, making the state a leader in digital asset policy in the US. The bill, led by Representative Mike Cabell, aims to allocate a portion of the state’s reserves to Bitcoin as a hedge against inflation. The initiative has gained traction in the House and is being considered by the Senate. If passed, Pennsylvania would be the first state to adopt a Bitcoin reserve, setting a precedent for digital asset management in state government.


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