Pennsylvania House of Representatives Passes Bipartisan Bitcoin Bill CoinJournal

Coin World Report:
The Bitcoin Rights Bill has been passed by a bipartisan majority in the Pennsylvania House of Representatives, with a vote of 176 to 26.
The purpose of this bill is to provide regulatory clarity for the digital asset industry, including self-custody, payments, and taxation.
Pennsylvania has passed the Bitcoin Rights Bill, a new legislation aimed at seeking regulatory clarity for the cryptocurrency industry.
While the United States continues to lag behind other countries and regions in terms of regulatory clarity for digital assets, Pennsylvania has taken a significant step towards this goal by passing House Bill 2481 in the House of Representatives.
Pennsylvania House of Representatives Passes Major Crypto Bill
According to Fox Business, the new bill received bipartisan support in the Pennsylvania House of Representatives and was passed with a vote of 176 to 26 on Wednesday, October 23, 2024. The bill outlines protections for Bitcoin and cryptocurrency holders, including the right to self-custody and guidelines for taxing Bitcoin transactions.
76 Democrats and Republicans Passed the Fox Business Channel’s Bill
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In the next stage, the new bill will be debated and voted on in the Pennsylvania Senate, which is led by Republicans. If passed, the final stage will be submitting it to Governor Josh Shapiro. These two steps will take place after the 2024 US presidential election in November.
Cryptocurrency is one of the topics that candidates are seeking votes on in the upcoming US presidential election, including at the presidential level.
With Donald Trump taking a crypto-friendly stance, Kamala Harris won the votes of cryptocurrency holders. Despite having cryptocurrency roundtable meetings and positive policy plans, Harris did not participate in cryptocurrency voting.
Although her campaign received substantial donations from wealthy cryptocurrency owners, the most recent being a $10 million XRP donation from Ripple co-founder Chris Larsen.
Larsen called for Democrats to take a “fresh approach” to cryptocurrency issues.
Meanwhile, in less than two weeks, with Trump’s candidacy, the majority of cryptocurrency holders’ predictions have dropped. JD Vance, Trump’s vice presidential candidate, is also supportive of cryptocurrency.
It is worth noting that Pennsylvania is a battleground state that can help determine the White House race between Trump and Harris.