The Democratic Party passed HB-2481, a bill that exempts cryptocurrencies from additional taxation and establishes a regulatory framework that explicitly grants the right to operate nodes.
The bill passed with an overwhelming majority of 176 to 26 in a bipartisan vote, but
To become law, the bill needs to be signed by the Pennsylvania State Senate and Pennsylvania Governor Josh Shapiro.
The bill, HB-2481, was reportedly sponsored by the Satoshi Action Fund, a Bitcoin advocacy group.
After the bill was passed, Dennis Porter, co-founder and spokesman for the group, called the bill a "bitcoin crackdown."
"Bitcoin's support transcends traditional partisan lines and appeals to voters who value economic freedom, technological innovation, and digital privacy," Porter said.
"Tokcoin also offers an escape route from central bank digital currencies (CBDCs), which many voters are concerned about."
Cryptocurrency advocacy groups continue to call for clear digital asset regulation in the United States.
Regulators have yet to issue clear guidelines, and industry participants have raised concerns that the U.S. is lagging behind other jurisdictions, such as the European Union, that already have regulatory frameworks in place.
He is expressing his concerns.
2024/10/25 14:40 KST
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