Co-founder of the Satoshi Action Fund Dennis Porter dubbed the legislation the “Bitcoin rights” bill.
The Pennsylvania House of Representatives passed HB-2481 on Oct. 23, establishing a regulatory framework protecting self-custody and crypto payments, exempting digital assets from additional taxation, and asserting the right to operate a node.
In a bipartisan vote, the bill passed by a staggering 176 to 26 margin but must still be approved in the Pennsylvania Senate and signed by Pennsylvania Governor Josh Shapiro to become law.
HB-2481 was written by the Bitcoin advocacy group Satoshi Action Fund. Co-founder and spokesperson for the advocacy group Dennis Porter had this to say following the passage of the bill:
