The strategic reserve act is the second piece of crypto-related legislation to go in front of the state legislature this year. Last month, the state’s House passed a bill to protect residents’ rights to self-custody digital assets and ensure their ability to use bitcoin as a payment method. FOX Business reported on the Bitcoin Rights bill that's slated to move on to the Republican-led Senate in the coming weeks and, if passed, onto Gov. Josh Shapiro’s desk for signing.
The advocacy group that helped Pennsylvania lawmakers craft the Bitcoin Rights bill, Satoshi Action Fund, is also behind the new strategic reserve bill according to Fox Business.