Pennsylvania State Representative Mike Cabell has announced the introduction of a bill that would allow state funds to invest in bitcoin. The goal of this initiative is to act as a hedge against inflation and improve financial stability within the state. The legislation seeks to establish a Bitcoin reserve for the state’s Treasury and pension funds.
If passed, this measure could pave the way for other states to consider adopting similar strategies in managing their financial assets.
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<p>The post Pennsylvania Lawmaker Proposes Bill to Invest in Bitcoin to Strengthen Financial Stability first appeared on CoinBuzzFeed.</p>
