The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.
The Pennsylvania House of Representatives has passed a bill that aims to bring regulatory clarity to digital assets in the state.
House Bill 2481, also known as the Bitcoin Rights bill, received overwhelming support, with 176 votes in favor and 26 against, including unanimous backing from all 100 Republican members, the report said.
The bill addresses key areas such as residents' rights to self-custody digital assets, the use of bitcoin as a payment method, and guidelines for taxing bitcoin transactions.
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