Pennsylvania lawmakers proposed a bill to invest in Bitcoin and cryptocurrency ETFs to "hedge against inflation."
According to BlockBeats, on November 15, The Block reported that a Pennsylvania lawmaker is pushing for a new bill that would allow the state treasurer to invest in Bitcoin, following a similar proposal put forward by U.S. Senator Cynthia Lummis. The bill, titled the "Strategic Bitcoin Reserve Act," is co-sponsored by Republican representatives Mike Cabell and Aaron Kaufer and has been submitted to the Pennsylvania House of Representatives. The bill would allow the Pennsylvania treasurer to invest in Bitcoin, digital assets, and cryptocurrency-based exchange-traded products. In a memo submitted this week, Cabell stated that investing in Bitcoin could "hedge against inflation."
Pennsylvania lawmakers proposed a bill to invest in Bitcoin and cryptocurrency ETFs to "hedge against inflation."
According to BlockBeats, on November 15, The Block reported that a Pennsylvania lawmaker is pushing for a new bill that would allow the state treasurer to invest in Bitcoin, following a similar proposal put forward by U.S. Senator Cynthia Lummis. The bill, titled the "Strategic Bitcoin Reserve Act," is co-sponsored by Republican representatives Mike Cabell and Aaron Kaufer and has been submitted to the Pennsylvania House of Representatives. The bill would allow the Pennsylvania treasurer to invest in Bitcoin, digital assets, and cryptocurrency-based exchange-traded products. In a memo submitted this week, Cabell stated that investing in Bitcoin could "hedge against inflation."
