Pennsylvania State Rep. Mike Cabell has proposed a bill to allow the state treasury to invest up to 10% in Bitcoin. Cabell, a Republican, suggests this move could protect against inflation and provide stability during economic uncertainty. The bill would enable investments from the State General Fund, Rainy Day Fund, and State Investment Fund into Bitcoin. Inspired by the Satoshi Action Fund's framework, the proposal follows investment trends by firms like BlackRock and Fidelity. With Pennsylvania's General Fund holding over $9.7 billion, the bill's future remains uncertain. Stay tuned for updates.
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