{"id":816351,"date":"2025-01-01T05:20:45","date_gmt":"2025-01-01T11:20:45","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/01\/pennsylvania-passes-bitcoin-rights-bill\/"},"modified":"2025-01-01T05:20:45","modified_gmt":"2025-01-01T11:20:45","slug":"pennsylvania-passes-bitcoin-rights-bill","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/01\/pennsylvania-passes-bitcoin-rights-bill\/","title":{"rendered":"Pennsylvania Passes \u201cBitcoin Rights\u201d Bill"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div id=\"page\">\n<div id=\"content_box\">\n<header>\n<div>\n<p><img loading=\"lazy\" alt src=\"https:\/\/secure.gravatar.com\/avatar\/41169a86822e6585e2f87627f7d7ef3a?s=32&#038;d=mm&#038;r=g\"  height=\"32\" width=\"32\" decoding=\"async\"><\/p>\n<p><span><span>By <a href=\"https:\/\/fullycrypto.com\/author\/mahu_bs\" title=\"Posts by Mark Hunter\" rel=\"author\">Mark Hunter<\/a><\/span><\/span><\/p>\n<p><span><\/p>\n<p>2 months ago<span>Fri Oct 25 2024 08:46:11<\/span><\/p>\n<p><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/header>\n<p><img width=\"1300\" height=\"890\" src=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2024\/10\/Pennsylvania-Passes-Bitcoin-Rights-Bill.png\" alt=\"bitcoins Pennsylvania-Passes-\u201cBitcoin-Rights\u201d'-Bill\" title decoding=\"async\" fetchpriority=\"high\" data-layzr=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2024\/10\/Pennsylvania-Passes-Bitcoin-Rights-Bill.png\">\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<div>\n<p><span><span>Reading Time: <\/span> <span> 2<\/span> <span>minutes<\/span><\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span>The Pennsylvania House has passed a bipartisan bill providing clear rules for digital assets<\/span><\/li>\n<li aria-level=\"1\"><span>The \u201cBitcoin Rights\u201d bill allows residents to self-custody digital assets and use bitcoin for payments<\/span><\/li>\n<li aria-level=\"1\"><span>The legislation, supported by both Republicans and Democrats, now heads to the Senate for further review<\/span><\/li>\n<\/ul>\n<p><span>In a move that underscores Pennsylvania\u2019s commitment to digital asset regulation, the state House has passed the bipartisan Bitcoin Rights bill. This legislation aims to protect residents\u2019 rights in using and storing digital assets like <\/span><a href=\"https:\/\/fullycrypto.com\/crypto-essentials-an-overview-of-bitcoin\"><span>bitcoin<\/span><\/a><span>, emphasizing self-custody and tax clarity for <\/span><a href=\"https:\/\/fullycrypto.com\/cryptocurrency-news\"><span>cryptocurrency<\/span><\/a><span> transactions. With strong bipartisan backing, the bill now advances to the Senate, awaiting final approval.<\/span><\/p>\n<h2>Bitcoins <span>\u201cCrucial\u201d to Support Individuals\u2019 Crypto Storage Desires<\/span><\/h2>\n<p><span>The \u201cBitcoin Rights\u201d bill, officially titled House Bill 2481, was passed with a significant majority of 176 to 26. Its bipartisan support included all 100 Republican House members and 76 Democrats, signaling the growing recognition of digital assets\u2019 role in the state economy.\u00a0<\/span><\/p>\n<p><span>Introduced by Rep. Mike Cabell, a Republican and bitcoin advocate, the bill reflects Pennsylvania\u2019s move to normalize cryptocurrency use in daily transactions while setting regulatory standards. \u201cIt\u2019s crucial that we support residents in their right to secure digital assets,\u201d Cabell noted, emphasizing the bill\u2019s potential for financial freedom and innovation.<\/span><\/p>\n<h2>Bitcoins <span>Crypto Ownership Surging Among Pennsylvanians<\/span><\/h2>\n<p><span>The Pennsylvania bill comes as crypto ownership surges in the state, with over 1.5 million residents reportedly holding digital assets. This rising trend indicates a substantial voter base in the state, which remains a critical battleground in the upcoming presidential election.<\/span><\/p>\n<p><span>This legislation also highlights the gap in federal-level crypto guidelines, as Pennsylvania becomes one of several states advancing regulatory frameworks for digital assets. Dennis Porter of the Satoshi Action Fund, which contributed to drafting the bill, commented, \u201cThis bipartisan progress shows lawmakers are responding to the people\u2019s need for clarity.\u201d\u00a0<\/span><\/p>\n<p><span>By proactively addressing cryptocurrency, Pennsylvania may set a precedent for other states seeking to establish similar protections and standards.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> Mark Hunter <a href=\"https:\/\/fullycrypto.com\/pennsylvania-passes-bitcoin-rights-bill?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=pennsylvania-passes-bitcoin-rights-bill\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Mark Hunter 2 months agoFri Oct 25 2024 08:46:11 Reading Time: 2 minutes The Pennsylvania House has passed a bipartisan bill providing clear rules for digital assets The \u201cBitcoin Rights\u201d bill allows residents to self-custody digital assets and use bitcoin for payments The legislation, supported by both Republicans and Democrats, now heads to the<\/p>\n","protected":false},"author":1,"featured_media":816352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4028,4432],"tags":[11476],"class_list":{"0":"post-816351","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-passes","8":"category-pennsylvania","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816351"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816352"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}