Pennsylvania House Passes Pro-Crypto Bill – A Big Win for Bitcoin Users💸💸

In a major step forward for the crypto community, Pennsylvania’s House of Representatives has passed HB-2481, a groundbreaking bill that protects crypto users’ rights and promotes innovation. Dubbed the “Bitcoin Rights” bill, this legislation supports self-custody, crypto payments, and exempts digital assets from extra state taxes.

What’s in the Bill?

Passed with overwhelming support (176-26), the bill secures the right to operate Bitcoin nodes and shields individuals using self-custody from overregulation. It also ensures that crypto assets won’t face unnecessary taxation, offering clarity and protection to users and businesses in the space.

Why It Matters

Dennis Porter, co-founder of the Satoshi Action Fund, hailed the bill as a move toward economic freedom and privacy, crossing traditional party lines. This bill may help Bitcoin users avoid the growing threat of central bank digital currencies (CBDCs), providing an alternative path for financial independence.

The Road Ahead

While this is a big win for Pennsylvania, HB-2481 still needs approval from the state Senate and Governor Josh Shapiro. Its success could signal a new wave of pro-crypto legislation across the U.S., as the country seeks to catch up with other regions like the EU in regulatory clarity.

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