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Will another US state announce a Bitcoin reserve plan by mid-2025?
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Announcements from state governments or verified news outlets reporting on state legislative proposals
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Pennsylvania Introduces Bill to Create $7 Billion Strategic Bitcoin Reserve
Nov 14, 2024, 03:54 PM
The Pennsylvania House of Representatives has introduced a bill to create a Strategic Bitcoin Reserve. This legislation would allow the state to hold Bitcoin as a reserve asset on its balance sheet, aiming to recognize Bitcoin as a store of value. The bill proposes using a $7 billion state fund for Bitcoin purchases. If passed, Pennsylvania would become the first state to establish such a reserve. The bill is seen as a significant move in the broader adoption of Bitcoin by state governments, with potential implications for other states considering similar measures.
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