Pennsylvania House Passes 'Bitcoin Rights Bill' in 176-26 Vote, Protecting Self-Custody and Bitcoin Payments

Oct 24, 2024, 05:14 PM

The Pennsylvania House of Representatives has passed the 'Bitcoin Rights Bill' with an overwhelming 176-26 bipartisan majority, including all 100 Republicans and 76 Democrats. The legislation aims to protect residents' rights to self-custody digital assets, run a Bitcoin node, and use Bitcoin as a form of payment. It also provides explicit guidelines around taxing Bitcoin transactions, seeking to bring regulatory clarity amid federal uncertainty. The bill now moves to the state Senate for approval.