Pennsylvania House passes a bipartisan bill addressing digital asset regulation, people's rights and more

On October 25, the Pennsylvania House of Representatives passed a bipartisan-backed bill aimed at providing regulatory clarity for digital assets. 
The bill addresses the right of residents to self-manage digital assets, the use of Bitcoin as a payment method, and tax guidelines for Bitcoin transactions. The state of Pennsylvania is crucial to both parties, with about 12 percent of its residents holding cryptocurrencies. The bill was developed with the assistance of the Satoshi Action Fund, a Bitcoin advocacy group, and reflects the trend of states establishing regulatory frameworks for the crypto industry. The bill will go to the Republican-dominated Pennsylvania Senate for consideration after the election.SAF is already involved in similar legislative efforts in 20 other states, with Oklahoma, Louisiana, Montana, and Arkansas having already enacted relevant laws. (CoinDesk)