decryptmedia.com (nprofile…ysv4)
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Pennsylvania could invest up to 10% of its treasury funds into Bitcoin if this newly introduced bill is passed.
https://decrypt.co/291821/pennsylvania-strategic-bitcoin-reserve
decryptmedia.com / Decrypt
npub19g…ce0q3
2024-11-15 13:48:59
Author Public Key
npub19gc66fmrasp284wuamj0qtqvcgqds4km4qajguy03y0j274rh5ksyce0q3Published at
2024-11-15 13:48:59Event JSON
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"Pennsylvania Lawmakers Want a Strategic Bitcoin Reserve for the State"
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"The bill, supported by Republican Reps. Mike Cabell and Aaron Kaufer, would allow the state Treasurer to invest up to 10% of the State General Fund, Rainy Day Fund, and the State Investment Fund into Bitcoin. This move is intended to protect Pennsylvania's funds against inflation, which has eroded the state's purchasing power in recent years. The bill has been introduced to the House and must pass through eight more stages before it can be enacted."
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