The Pennsylvania House of Representatives passed a landmark bill aimed at providing regulatory clarity for digital assets, allowing states to crypto para has taken an important step in its efforts to set clearer rules for its industry.
The bill, known as House Bill 2481 or the “Bitcoin Rights Bill,” was passed with broad bipartisan support, receiving 176 votes in favor and 26 against. The vote showed the support of 76 Democrats and all 100 Republican members unanimously supporting the bill.
If enacted, House Bill 2481 would protect residents’ rights to self-custody digital assets, enable the use of Bitcoin as a payment option, and provide clear guidelines on the taxation of BTC transactions. The bill now heads to the Republican-led Pennsylvania Senate and could reach Gov. Josh Shapiro’s desk after the upcoming election.
The legislation was drafted with the help of the Satoshi Action Fund (SAF), a bitcoin advocacy group that has been actively working to educate lawmakers on blockchain technology. SAF successfully helped craft similar bills in 20 other states, with four becoming law in Oklahoma, Louisiana, Montana and Arkansas. Their primary goal is to normalize Bitcoin at the state level and encourage state legislatures to set rules where the federal government has not yet established consistent regulatory clarity.
Pennsylvania’s move comes amid ongoing confusion over cryptocurrency regulation at the federal level and which agencies should take the lead. While the $2 trillion digital asset market remains largely undefined at the federal level, the Securities and Exchange Commission (SEC) considers some assets to be securities, while the Commodity Futures Trading Commission (CFTC) classifies others as commodities with lighter regulations.
“In such polarizing times, it is great to see both parties coming together to advance innovation and prioritize security for Pennsylvanians who own and transact cryptocurrencies,” Republican state Rep. Mike Cabell, the bill’s sponsor and a longtime bitcoin investor, told FOX Business. ” he said.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/abdnin-en-buyuk-eyaletlerinden-birinde-bitcoin-ve-altcoinler-icin-cok-olumlu-yasa-haberi-var/
