TLDR Crypto · MARKETS & BUSINESS

PENNSYLVANIA LAWMAKER INTRODUCES BILL FOR ‘STRATEGIC BITCOIN RESERVE'

cointelegraph.com2 min read

Summary from the TLDR Crypto newsletter

Pennsylvania State Representative Mike Cabell has proposed a bill allowing the state treasury to invest up to 10% of its funds in Bitcoin as a hedge against economic volatility. This could amount to a multibillion-dollar investment.