According to FOX Business, the Strategic Bitcoin Reserve Act proposed by the Pennsylvania House of Representatives on Thursday is the first of its kind and will allow the state treasury to allocate 10% of its approximately $7 billion in state funds to Bitcoin to help fight inflation and diversify its investments beyond traditional assets such as bonds and cash reserves. The House of Representatives passed the Bitcoin Rights Act last month and will be submitted to the Republican-led Senate for deliberation in the coming weeks. If passed, it will be submitted to the governor for signature.