Bitcoin Rights Bill passed: How Pennsylvania plans to support crypto
- Pennsylvania’s Bitcoin Rights Bill secures residents’ rights to self-custody digital assets.
- The bill reflects a broader global trend toward crypto adoption, encouraging financial innovation.
Pennsylvania has taken a significant step toward embracing cryptocurrency with the passing of House Bill 2481, also known as the “Bitcoin Rights Bill.” The legislation, which was recently approved by the Pennsylvania House with overwhelming bipartisan support (176 votes in favor and 26 against), protects residents’ rights to self-custody their digital assets.
It also establishes guidelines for using Bitcoin [BTC] as a payment method and provides a framework for taxing Bitcoin transactions. This move underscores…
