A lawmaker in Pennsylvania has proposed a bill that would permit state funds to invest in bitcoin as a protection against inflation and to enhance financial stability. The bill was presented by Mike Cabell, a state representative, and would allow the state’s Treasury and pension funds to allocate a portion of their investments in bitcoin.
This move aims to reduce the impact of inflation and create a more stable financial environment.
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<p>The post Pennsylvania Bill Aims to Strengthen Financial Stability with Bitcoin Investments first appeared on CoinBuzzFeed.</p>
