Golden Finance reported that Ken Sim, who has served as the Mayor of Vancouver since 2022, announced that the city of Vancouver plans to add Bitcoin to its balance sheet as part of its efforts to diversify investments. During a Vancouver City Council meeting held on November 26, Mayor Sim submitted a motion notice, set to be presented on December 11, titled "Maintaining the City's Purchasing Power through Financial Resource Diversification: Becoming a Bitcoin-Friendly City." As of November 27, the motion does not appear to have been published on the city government's website, and the Vancouver Mayor's Office declined to comment. It is currently unclear whether the Mayor of Vancouver's motion is a response to local and federal governments in the U.S. considering legislation to establish Bitcoin reserves. After the 2024 elections, legislators in both the Pennsylvania House of Representatives and the U.S. Senate have proposed plans for the government to hold Bitcoin as a reserve asset.

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