{"id":2709,"date":"2024-11-14T20:21:46","date_gmt":"2024-11-14T20:21:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2709"},"modified":"2024-11-14T20:21:46","modified_gmt":"2024-11-14T20:21:46","slug":"pennsylvania-introduces-bitcoin-strategic-reserve-act-to-invest-up-to-700-million-in-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2709","title":{"rendered":"Pennsylvania Introduces Bitcoin Strategic Reserve Act To Invest Up To $700 Million In BTC"},"content":{"rendered":"<div>\n<p>President-elect <strong>Donald Trump<\/strong>&#8216;s proposal to establish a national <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) reserve has sparked a wave of support across the United States, with Pennsylvania leading the charge by considering its own <a href=\"https:\/\/www.benzinga.com\/24\/11\/41890600\/anthony-scaramucci-optimistic-of-a-us-strategic-bitcoin-reserve-trumps-victory-accelerated-the-cycle\">state-held cryptocurrency reserve<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>This movement aligns with Trump\u2019s promise to make the U.S. the &#8220;<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40734266\/trump-promised-to-turn-the-u-s-into-the-crypto-capital-of-the-world-but-did-he-actually-fo\">crypto capital of the planet<\/a>&#8221; and has fueled legislative efforts to recognize Bitcoin as a secure state asset, FOX Business <a href=\"https:\/\/www.foxbusiness.com\/money\/pennsylvania-house-introduces-bill-implement-strategic-bitcoin-reserve\">reports<\/a>.<\/p>\n<p>In Pennsylvania, lawmakers introduced the Pennsylvania Bitcoin Strategic Reserve Act, the first bill of its kind, which would authorize the state&#8217;s treasury to invest up to 10% of its $7 billion reserves into Bitcoin to hedge against inflation and diversify from traditional assets like bonds and cash.<\/p>\n<p>The bill is set to be a historic move toward recognizing digital assets in state portfolios.<\/p>\n<p>\u201cThe Pennsylvania Bitcoin Strategic Reserve Act is a forward-thinking move to protect our financial future,&#8221; said Republican state Rep. <strong>Mike Cabell<\/strong>, who sponsors the bill. &#8220;By integrating Bitcoin, we&#8217;re safeguarding Pennsylvania against inflation&#8217;s unrelenting impact while positioning ourselves as &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41986427\/pennsylvania-introduces-bitcoin-strategic-reserve-act-to-invest-up-to-700-million-in-btc\" alt=\"Pennsylvania\" introduces bitcoin strategic reserve act to invest up million in btc>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President-elect Donald Trump&#8216;s proposal to establish a national Bitcoin (CRYPTO: BTC) reserve has sparked a wave of support across the United States, with Pennsylvania leading the charge by considering its own state-held cryptocurrency reserve. What Happened: This movement aligns with Trump\u2019s promise to make the U.S. the &#8220;crypto capital of the planet&#8221; and has fueled [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2709","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2709"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2709\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}