New House Proposal: Put Bitcoin on Balance Sheet

President-elect Donald Trump's proposal to establish a national Bitcoin reserve is gaining support across the country, and several states are currently considering plans to implement their own cryptocurrency reserves. On Thursday (November 14), the Pennsylvania House of Representatives introduced a bill to implement a strategic Bitcoin reserve and put Bitcoin on its balance sheet.

Fox News reporter Eleanor Terrett wrote on Twitter: "Exclusive news, today (Thursday), the Pennsylvania House of Representatives introduced legislation that would allow the state to keep Bitcoin on its balance sheet as a reserve asset to promote a broader movement to recognize Bitcoin as a means of value storage."