The Pennsylvania House of Representatives has passed House Bill 2481, known as the Bitcoin Rights bill, which aims to provide regulatory clarity for digital assets. The legislation received significant bipartisan support, with 176 votes in favor and 26 against, including unanimous backing from all 100 Republican members. Key provisions of the bill include residents' rights to self-custody of digital assets, allowing the use of bitcoin as a payment method, and establishing guidelines for taxing bitcoin transactions. This legislative move comes as Pennsylvania, home to approximately 12% of its 13 million residents who hold crypto, positions itself ahead of the November elections. The bill was developed in collaboration with the bitcoin advocacy group Satoshi Action Fund (SAF), which has previously worked on similar efforts across 20 other states, including laws enacted in Oklahoma, Louisiana, Montana, and Arkansas. Following the elections, the bill will advance to the Pennsylvania Senate, and if passed, will subsequently be sent to the Governor for final approval.

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