Pennsylvania has made history by introducing the Pennsylvania Bitcoin Strategic Reserve Act, a bill that would allow the state treasury to allocate up to 10% of its $7 billion reserves into Bitcoin.

Republican State Representative Mike Cabell, the bill’s sponsor, described the act as a “visionary step toward securing our state’s financial future.” He emphasized that integrating Bitcoin into the state’s reserves could protect Pennsylvania from inflation’s impact and position it as a leader in financial innovation.

The bill’s introduction follows the Pennsylvania House’s recent passage of the Bitcoin Rights bill, which safeguards residents’ rights to self-custody digital assets and use Bitcoin as a payment method. This earlier legislation received strong bipartisan support, passing with a majority of 176 votes to 26.

Advocacy groups like the Satoshi Action Fund have played a significant role in crafting both pieces of legislation.

The fund’s founder, Dennis Porter, noted that similar Bitcoin reserve initiatives are being considered in at least ten other states, indicating a growing trend toward state-level adoption of digital assets.

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