Trump’s “Strategic Bitcoin Reserve” Appears in Congress! New House Proposal: Put Bitcoin on Balance Sheet

FX168 Financial News Agency (Asia-Pacific) News US 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 include Bitcoin on the balance sheet.

Fox News reporter Eleanor Terrett tweeted: “Exclusively, 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 in a push for broader movement to recognize Bitcoin as a store of value.”

(Source:Twitter)

Then, Fox Business reported that the prospect of Trump returning to the White House prompted Pennsylvania lawmakers to introduce legislation that would allow the state’s Treasury Department to hold the world’s largest digital asset on its balance sheet , namely Bitcoin. The legislation comes as Wyoming’s pro-cryptocurrency Republican Sen. Cynthia Lummis said she hopes to push for her own Bitcoin reserve bill nationwide during the first 100 days of Trump’s presidency. .

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