Pennsylvania Bitcoin Strategic Reserve Act 2024 (HB 2664)

This legislation will allow Pennsylvania's State Treasurer to invest up to 10% of the State General Fund, the Rainy Day Fund, and the State Investment Fund in Bitcoin.

I think that we are going to have to do a little bit of political activism here because when I called my State Representative's Harrisburg office on Friday to let them know that it is important to me that they support this bill the staff who I spoke with told me that becasue Representative Michael Cabell's (the Representative who introduced the bill) term will end on November 30th it is unlikely that this bill will go anywhere.

We need to get at least one of our District Representatives to sign on to co-sponsor this legislation. If you are from Pennsylvania it is crucial that you contact your House Representative right away and ask them to do this.

We have a real chance here to be the first state to do this and we all know why the first state to get this done will be the one that benefits the most.

https://www.house.state.pa.us/

This is the website. You can click to find the Representative for your district. It will show all of their contact information. You can call their office or send them an email. Make sure to mention the specific bill number and name which is HB 2664 Pennsylvania Bitcoin Strategic Reserve Act 2024. Tell them why it is a good idea and how their support for this is important to you. They understand that even if your influence is small with only your family and friends that can still mean a lot for them.

We are contacting the Representatives now because the bill has been introduced to the House last week. If it goes though we will be contacting our Senators later.

Also, even if you are not from Pennsylvania it would be great if you want to help out by passing this information on to anyone you know who is a Pennsylvania resident becasue progress on this will greatly benefit our entire Bitcoin community all over the world.