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surrounding digital assets, continuing a trend where legislatures and governors across the country attempt to provide some rules of the road for the U.S. crypto industry, FOX Business has learned. The move comes amid continued confusion on the federal level over crypto regulation, and which federal agencies should take the lead in enforcing basic investment rules on the still nascent, $2 trillion digital asset market. On Wednesday, the Pennsylvania House of Representatives passed a bill that protects residents' rights to self-custody digital assets, ensures their ability to use bitcoin as a payment and provides explicit guidelines around taxing bitcoin transactions. House Bill 2481, dubbed the Bitcoin Rights bill, sailed through with strong bipartisan support, winning by an overwhelming majority of 176 votes to 26. The vote included 76 Democrats and unanimous backing from all 100 Republican members. BITCOIN MINERS LAUNCH AD CAMPAIGN IN SWING STATES TO BOOST CRYPTO-FRIENDLY CANDIDATES The bill will move on to the Republican-led Pennsylvania Senate after the election and, if passed, onto Gov. Josh Shapiro’s desk. The bill, crafted by outside bitcoin advocacy group Satoshi Action Fund (SAF), is the latest effort to help lawmakers understand the nuances of blockchain technology and bitcoin. SAF has succeeded in helping write and pass similar legislation in 20 other states, with four bills becoming law in Oklahoma, Louisiana, Montana and Arkansas. The group’s main priority is to help mainstream bitcoin at the state level and encourage state lawmakers to do what the federal government has yet to do – establish some clear rules of the road for crypto and normalize it as a mode of transaction. Some state laws involving financial products sold to small investors can be controversial; the federal jurisdiction surrounding modes of payment methods often trumps state law. Meanwhile, the federal government has yet to define which digital assets, aside from bitcoin and ethereum, are securities like stock or bonds, and fall under disclosure rules imposed by the Securities and Exchange Commission. EXODUS DONATES $1.3M TO CRYPTO ADVOCACY GROUP TO AID ELECTION DAY VOTE EFFORTS A separate federal agency, the Commodity Futures Trading Commission, oversees crypto that is deemed a so-called commodity with a lighter regulatory touch. Crypto regulation has morphed into a potent political issue in an election year with Republicans and the party’s presidential nominee, former President Donald Trump, championing fewer rules to curry favor with some 50 million Americans who believe the Biden administration's heavy regulatory hand has stymied innovation. "In such polarizing times, it’s great to see both sides of the aisle come together to further innovation and prioritize security for Pennsylvanians who own and transact with cryptocurrency," Republican Pennsylvania state Rep. Mike Cabell, the bill’s sponsor and a long-time bitcoin investor, told FOX Business. Crypto ownership in Pennsylvania has also accelerated with 1.5 million residents owning some form of digital asset, or roughly 12% of the 13 million people who reside there. ELON MUSK GIVES NOD TO JOHN DEATON IN MASSACHUSETTS SENATE RACE AGAINST ELIZABETH WARREN The state’s role as one of the most consequential battlegrounds in the upcoming presidential election has made it a target for fervent political spending by the U.S. crypto industry looking to sway votes in favor of candidates who will champion them. With just two weeks to go until election day, those 1.5 million crypto owners could make a big difference in tight races like the Senate battle between incumbent Democratic Sen. Bob Casey and his challenger, Republican Dave McCormick, a businessman and bitcoin advocate. The race for the White House between Trump and Vice President Kamala Harris in Pennsylvania is also heating up with both candidates now neck and neck in the polls. "Pennsylvania is the most important battleground state in the presidential race, and the outcome could hinge on a small handful of voters," said Dennis Porter, founder of the Satoshi Action Fund, which was instrumental in crafting the Bitcoin Rights bill. "With the bill already passed in the Pennsylvania House and poised to pass the Senate, it stands as a pivotal issue for candidates and voters. What’s more, the bitcoin vote represents a new, growing voter bloc actively searching for a political home." GET FOX BUSINESS ON THE GO BY CLICKING HERE Pennsylvania is currently the only state with a split legislature, meaning neither party has complete dominance, and bills always need bipartisan support to pass. The bipartisan reception of the bill in the Democrat-led lower chamber, combined with resounding support from Republicans, is encouraging for Cabell, who is hopeful for another victory in the Senate. "A bill geared towards the right to financial freedom should be bipartisan," Cabell said. "The 26 ‘nos’ came from members with less of an understanding about blockchain technology and some others with concerns about bitcoin’s effects on the environment."", "datePublished": "2024-10-24T12:27:09-04:00", "dateModified": "2024-10-24T12:27:09-04:00", "description": "Pennsylvania House Bill 2481, dubbed the Bitcoin Rights bill, sailed through with strong bipartisan support, winning by an overwhelming majority of 176 votes to 26.", "author": [{"@type":"Person","name":"Eleanor Terrett","url":"https://www.foxbusiness.com/person/t/eleanor-terrett"}], "publisher": { "@type": "Organization", "name": "Fox Business", "logo": { "@type": "ImageObject", "url": "https://static.foxnews.com/static/orion/styles/img/fox-business/logos/fox-business-logo.png", "width": "133", "height": "60" } }, "image": { "@type": "ImageObject", "url": "https://static.foxbusiness.com/foxbusiness.com/content/uploads/2024/04/Bitcoin-Cash.jpg" } } </script><script data-n-head="ssr" type="application/ld+json"> { 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Market data provided by <a href="https://www.factset.com/">Factset</a>. Powered and implemented by <a href="https://www.factset.com/solutions/business-needs/digital-solutions">FactSet Digital Solutions</a>. <a href="https://www.factset.com/privacy">Legal Statement</a>. </p> <p>This material may not be published, broadcast, rewritten, or redistributed. ©2025 FOX News Network, LLC. All rights reserved. <a href="https://help.foxbusiness.com/hc/en-us/sections/4405278462107-FAQ">FAQ</a> - <a href="/privacy-policy">New Privacy Policy</a></p></div></div></div></div></header> <div class="page"><div class="pre-content"></div> <div class="page-content"><main class="main-content"><article section="politics" tags="[object Object],[object Object],[object Object],[object Object],[object Object]" class="article-wrap"> <header class="article-header"><div class="article-meta article-meta-upper"><div class="eyebrow"><a href="/category/cryptocurrency">Cryptocurrency</a></div> <div class="article-date"><span class="article-date__published"><span class="article-date__label--published"><strong>Published</strong></span> <time class="article-date__time article-date__time--published"> October 24, 2024 12:27pm EDT </time></span>  </div></div> <h1 class="headline">Pennsylvania House passes bipartisan bill to bring regulatory clarity to digital assets</h1> <h2 class="sub-headline">Crypto ownership in Pennsylvania has also accelerated with 1.5M residents owning some form of digital asset</h2>  <div class="article-meta article-meta-lower"><div class="social-byline"><div class="article-social "><div class="social-icons"><ul><li class="fb"><a href="#">Facebook</a></li> <li class="tw"><a href="#">Twitter</a></li> <li class="comments"><a href="#">Comments</a></li> <li class="print"><a href="#">Print</a></li> <li class="email"><a href="#">Email</a></li></ul></div></div> <div class="author-byline"><span><div class="author-headshot"><div class="m"><img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2025/01/340/340/headshot-scaled.jpg?ve=1&tl=1" alt="Eleanor Terrett"></div></div> <span class="article-authors"><span>By </span> <span class="authors"><span class="author"><a href="https://www.foxbusiness.com/person/t/eleanor-terrett" rel="author">Eleanor Terrett</a> <span></span></span></span></span> <span class="article-source"><a href="https://www.foxbusiness.com/">FOXBusiness</a></span></span></div></div> </div></header> <div class="article-content-wrap sticky-columns"><div class="article-content"><div class="article-body">  <div class="featured featured-video video-ct"><div class="contain"><div class="control"><a href="#" aria-label="top" class="top"></a> <a href="#" class="close">close</a></div> <div class="video-container"><div data-video-id="6363348043112" data-video-domain="foxbusiness" class="m video-player"><a href="https://www.foxbusiness.com/video/6363348043112"><picture><source srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/04/288/162/Bitcoin-Cash.jpg?ve=1&tl=1" media="(max-width: 767px)"> <source srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/04/672/378/Bitcoin-Cash.jpg?ve=1&tl=1" media="(min-width: 768px) and (max-width: 1023px)"> <source srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/04/767/450/Bitcoin-Cash.jpg?ve=1&tl=1" media="(min-width: 1024px) and (max-width: 1279px)"> <source srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/04/896/504/Bitcoin-Cash.jpg?ve=1&tl=1" media="(min-width: 1280px)"> <img src="https://static.foxbusiness.com/foxbusiness.com/content/uploads/2024/04/Bitcoin-Cash.jpg" alt="Coinbase chief legal officer Paul Grewal discusses the 'emergence of the crypto voter,' on 'The Claman Countdown.'" width="896" height="500"></picture> <span class="overlay">video</span></a></div></div> <div class="info"><div class="caption"><h2 class="title"><a href="https://www.foxbusiness.com/video/6363348043112"> Coinbase chief legal officer: Crypto voters could decide the election</a></h2> <p>Coinbase chief legal officer Paul Grewal discusses the 'emergence of the crypto voter,' on 'The Claman Countdown.'</p></div></div></div></div> <p><strong>Exclusive:</strong> Pennsylvania became the latest state to pass a bill establishing some regulatory clarity surrounding digital assets, continuing a trend where legislatures and governors across the country attempt to provide some rules of the road for the U.S. crypto industry, FOX Business has learned.</p> <div class="ad-container mobile ad-h-250 ad-w-300 ad-placeholder-load"><div data-iu="ban1" id="mobile-mw-ad-ban1" class="ad gam inline"></div></div><p>The move comes amid continued confusion on the federal level over <a href="https://www.foxbusiness.com/category/cryptocurrencies" target="_blank" rel="noopener">crypto regulation,</a> and which federal agencies should take the lead in enforcing basic investment rules on the still nascent, $2 trillion digital asset market.</p><p>On Wednesday, the Pennsylvania House of Representatives passed a bill that protects residents' rights to self-custody digital assets, ensures their ability to use bitcoin as a payment and provides explicit guidelines around taxing bitcoin transactions. <a href="https://www.legis.state.pa.us/cfdocs/legis/RC/Public/rc_view_action2.cfm?sess_yr=2023&sess_ind=0&rc_body=H&rc_nbr=1609" target="_blank" rel="nofollow noopener">House Bill 2481</a>, dubbed the Bitcoin Rights bill, sailed through with strong bipartisan support, winning by an overwhelming majority of 176 votes to 26. The vote included 76 Democrats and unanimous backing from all 100 Republican members.</p> <p><a href="https://www.foxbusiness.com/politics/bitcoin-miners-launch-ad-campaign-swing-states-boost-crypto-friendly-candidates" target="_blank" rel="noopener"><strong>BITCOIN MINERS LAUNCH AD CAMPAIGN IN SWING STATES TO BOOST CRYPTO-FRIENDLY CANDIDATES</strong></a></p><div class="ad-container mobile ad-h-250 ad-w-300 ad-placeholder-load"><div data-iu="ban2" id="mobile-mw-ad-ban2" class="ad gam inline"></div></div> <p>The bill will move on to the Republican-led Pennsylvania Senate after the election and, if passed, onto Gov. Josh Shapiro’s desk.</p><div class="inline image-ct"><div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/343/192/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/686/384/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1 2x"> <source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/672/378/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/1344/756/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1 2x"> <source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/931/523/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/1862/1046/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1 2x"> <source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/720/405/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/1440/810/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1 2x"> <img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/07/931/523/Pennsylvania-Governor-Josh-Shapiro.jpg?ve=1&tl=1" alt="Pennsylvania Governor Josh Shapiro"></picture></div> <div class="caption"><p><span>Pennsylvania Gov. Josh Shapiro during an interview at the State Capitol building in Harrisburg, Pennsylvania, on Feb. 28, 2024.</span><span> (Photographer: Rachel Wisniewski/Bloomberg via Getty Images / Getty Images)</span></p></div></div><div data-unit-credible=",," data-in-article="true" class="credible"></div><p>The bill, crafted by outside bitcoin advocacy group Satoshi Action Fund (SAF), is the latest effort to help lawmakers understand the nuances of blockchain technology and bitcoin. SAF has succeeded in helping write and pass similar legislation in 20 other states, with four bills becoming law in Oklahoma, Louisiana, Montana and Arkansas. The group’s main priority is to help <a href="https://www.foxbusiness.com/category/bitcoin" target="_blank" rel="noopener">mainstream bitcoin</a> at the state level and encourage state lawmakers to do what the federal government has yet to do – establish some clear rules of the road for crypto and normalize it as a mode of transaction.</p><p>Some <a href="https://www.foxbusiness.com/category/legal" target="_blank" rel="noopener">state laws involving financial products</a> sold to small investors can be controversial; the federal jurisdiction surrounding modes of payment methods often trumps state law. Meanwhile, the federal government has yet to define which digital assets, aside from bitcoin and ethereum, are securities like stock or bonds, and fall under disclosure rules imposed by the Securities and Exchange Commission.</p><div class="ad-container mobile ad-h-250 ad-w-300 ad-placeholder-load"><div data-iu="ban3" id="mobile-mw-ad-ban3" class="ad gam inline"></div></div><p><a href="https://www.foxbusiness.com/politics/exodus-donates-1-3m-crypto-advocacy-group-aid-election-day-vote-efforts" target="_blank" rel="noopener"><strong><u>EXODUS DONATES $1.3M TO CRYPTO ADVOCACY GROUP TO AID ELECTION DAY VOTE EFFORTS</u></strong></a></p><div><div class="freeform-content"><iframe class="cryptocurrency" src="https://foxbusinessp.factsetdigitalsolutions.com/ext/fio/foxbusinessportal/factsheet-header/XX:213086261" id="facsetiframe"> </iframe></div></div><div class="inline image-ct"><div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/343/192/SEC.png?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/686/384/SEC.png?ve=1&tl=1 2x"> <source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/672/378/SEC.png?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/1344/756/SEC.png?ve=1&tl=1 2x"> <source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/931/523/SEC.png?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/1862/1046/SEC.png?ve=1&tl=1 2x"> <source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/720/405/SEC.png?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/1440/810/SEC.png?ve=1&tl=1 2x"> <img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/06/931/523/SEC.png?ve=1&tl=1" alt="SEC seal"></picture></div> <div class="caption"><p><span>The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., May 12, 2021.</span><span> (Reuters/Andrew Kelly/File Photo / Reuters)</span></p></div></div><p>A separate federal agency, the Commodity Futures Trading Commission, oversees crypto that is deemed a so-called commodity with a lighter regulatory touch. Crypto regulation has morphed into a potent political issue in an election year with Republicans and the party’s presidential nominee, former President Donald Trump, championing fewer rules to curry favor with some 50 million Americans who believe the Biden administration's heavy regulatory hand has stymied innovation.</p><p>"In such polarizing times, it’s great to see both sides of the aisle come together to further innovation and prioritize security for Pennsylvanians who own and transact with cryptocurrency," <a href="https://www.foxbusiness.com/politics" target="_blank" rel="noopener">Republican Pennsylvania state Rep. Mike Cabell</a>, the bill’s sponsor and a long-time bitcoin investor, told FOX Business.</p><div class="ad-container mobile ad-h-250 ad-w-300 ad-placeholder-load"><div data-iu="ban4" id="mobile-mw-ad-ban4" class="ad gam inline"></div></div><div><div class="freeform-content"><iframe class="cryptocurrency" src="https://foxbusinessp.factsetdigitalsolutions.com/ext/fio/foxbusinessportal/factsheet-header/XX:213086262" id="facsetiframe"> </iframe></div></div><p>Crypto ownership in Pennsylvania has also accelerated with 1.5 million residents owning some form of digital asset, or roughly 12% of the 13 million people who reside there.</p><p><a href="https://www.foxbusiness.com/politics/elon-musk-gives-nod-john-deaton-massachusetts-senate-race-against-elizabeth-warren" target="_blank" rel="noopener"><strong>ELON MUSK GIVES NOD TO JOHN DEATON IN MASSACHUSETTS SENATE RACE AGAINST ELIZABETH WARREN</strong></a></p><p>The state’s role as one of the most consequential battlegrounds in the upcoming presidential election has made it a target for fervent political spending by the U.S. crypto industry looking to sway votes in favor of candidates who will champion them. With just two weeks to go until election day, those 1.5 million crypto owners could make a big difference in tight races like the Senate battle between incumbent Democratic Sen. Bob Casey and his challenger, Republican Dave McCormick, a businessman and bitcoin advocate.</p><div class="ad-container mobile ad-h-250 ad-w-300 ad-placeholder-load"><div data-iu="ban5" id="mobile-mw-ad-ban5" class="ad gam inline"></div></div><p>The <a href="https://www.foxbusiness.com/category/white-house" target="_blank" rel="noopener">race for the White House</a> between Trump and Vice President Kamala Harris in Pennsylvania is also heating up with both candidates now neck and neck in the polls.</p><div class="inline image-ct"><div class="m"><picture><source media="(max-width: 767px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/343/192/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/686/384/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1 2x"> <source media="(min-width: 768px) and (max-width: 1023px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/672/378/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/1344/756/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1 2x"> <source media="(min-width: 1024px) and (max-width: 1279px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/931/523/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/1862/1046/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1 2x"> <source media="(min-width: 1280px)" srcset="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/720/405/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1, https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/1440/810/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1 2x"> <img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/10/931/523/trump-harris-economy-spatt-fnd.jpg?ve=1&tl=1" alt="Trump and Harris get economic fact-check"></picture></div> <div class="caption"><p><span>Carnegie Mellon University professor and former SEC chief economist Chester Spatt breaks down the 2024 presidential candidates' economist "wish" lists.</span><span> (Fox News/Getty Images / Fox News)</span></p></div></div><p>"Pennsylvania is the most important battleground state in the presidential race, and the outcome could hinge on a small handful of voters," said Dennis Porter, founder of the Satoshi Action Fund, which was instrumental in crafting the Bitcoin Rights bill. "With the bill already passed in the Pennsylvania House and poised to pass the Senate, it stands as a pivotal issue for candidates and voters. What’s more, the bitcoin vote represents a new, growing voter bloc actively searching for a political home."</p><p><a href="https://www.foxbusiness.com/apps-products?pid=AppArticleLink" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><div class="ad-container mobile ad-h-250 ad-w-300 ad-placeholder-load"><div data-iu="ban6" id="mobile-mw-ad-ban6" class="ad gam inline"></div></div><p>Pennsylvania is currently the only state with a split legislature, meaning neither party has complete dominance, and bills always need bipartisan support to pass. The bipartisan reception of the bill in the Democrat-led lower chamber, combined with resounding support from Republicans, is encouraging for Cabell, who is hopeful for another victory in the Senate.</p><p>"A bill geared towards the right to financial freedom should be bipartisan," Cabell said. "The 26 ‘nos’ came from members with less of an understanding about <a href="https://www.foxbusiness.com/category/tech" target="_blank" rel="noopener">blockchain technology</a> and some others with concerns about bitcoin’s effects on the environment."</p></div> <footer class="article-footer">  <div class="partners"><div class="partner geo-item"><div data-uid="fbr-ar-21" class="vendor-unit "></div></div> <div class="partner geo-item"><div data-uid="fbr-ar-22" class="vendor-unit "></div></div> <div class="partner geo-item"><div data-uid="ar-18" class="vendor-unit tablet-desktop"></div></div> <div class="partner geo-item"><div data-uid="fbr-ar-23" class="vendor-unit "></div></div> <div class="partner geo-item"><div data-uid="ar-19" class="vendor-unit tablet-desktop"></div></div> <div class="partner geo-item"><div data-uid="MB_2" class="vendor-unit mobile"></div></div></div> <div id="commenting" class="article-comments"></div></footer></div> <aside aria-label="primary sidebar" class="sidebar sidebar-primary"><div class="sticky-region"><section class="collection collection-market-indexes"><header class="heading"><h2 class="title">U.S. Stock Market Quotes</h2></header> <p class="cls-fill-up dek"></p> <div class="content"><form autocomplete="off" action="/search" method="get"><fieldset><div class="input-wrap quote-lookup"><input value type="text" placeholder="Quote Lookup" name="q" onblur onfocus autocomplete="off" aria-label="quote lookup" class="input-text"> <input type="hidden" name="ss" value="fb"> <input type="submit" aria-label="submit" value="Search" class="input-search"></div></fieldset></form> </div></section><div class="advert upper"><div class="ad-container desktop ad-w-300"> <div data-ad-pos="desktop" data-ad-size="300x600,300x250" class="ad gpt"></div> <span class="advert-txt">Advertisement</span></div><div class="ad-container tablet ad-w-300"> <div data-ad-pos="tablet" data-ad-size="300x250" class="ad gpt"></div> <span class="advert-txt">Advertisement</span></div><div class="ad-container mobile ad-w-300"> <div data-ad-pos="mobile" data-ad-size="300x250" class="ad gpt"></div> <span class="advert-txt">Advertisement</span></div></div><div class="embed-media advanced"><div class="item item-newsletter-article fox-business-rundown" data-slid="3DC725E303A24F8D5F8BE2343A002FB8"> <div class="m logo"> <img data-cke-saved-src="//static.foxnews.com/foxnews.com/content/uploads/2023/09/532x120-NEWSLETTER_BIZ-Rundown.png" src="//static.foxnews.com/foxnews.com/content/uploads/2023/09/532x120-NEWSLETTER_BIZ-Rundown.png" alt="Fox News First"> </div> <div class="info"> <div class="arrive"> <span>Arrives Weekly</span> </div> <div class="newsletter-title">Get Our Newsletter</div> <p class="dek">Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.</p> <div class="user-input hide"> <p class="success">We've added you to our mailing list.</p> </div> <div class="email-input"> <input data-cke-saved-name="email" name="email" placeholder="Enter email address" type="email" class="input-email js-bound"> </div> <div class="button subscribe"> <a data-cke-saved-href="#" href="#">Subscribe</a> </div> <p class="disclosure">By clicking subscribe, you agree to the Fox News <a href="https://www.foxnews.com/privacy-policy" target="_blank">Privacy Policy</a> and <a href="https://www.foxnews.com/terms-of-use" target="_blank">Terms of Use</a>, and agree to receive content and promotional communications from Fox News. 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She loves learning and writing about cryptocurrency and regulation. \u003C\u002Fp\u003E",thumbnail:{uuidv5:"29060eae-b718-5c04-9e11-1d87e4edce3c",content_type:p,content:{alt:a,caption:a,wp__origin:{blog_id:e,environment:g,post_type:s,site:h,source:i,post_id:2399060},url:cA},url:cA}};cC.name=t;cC.url=x;cG[0]={is:"bright-cove",props:{id:cH,thumbnail:v,title:cI,description:"Coinbase chief legal officer Paul Grewal discusses the 'emergence of the crypto voter,' on 'The Claman Countdown.'",url:"http:\u002F\u002Fvideo.foxbusiness.com\u002Fv\u002F6363348043112",domain:"foxbusiness"}};cG[1]={is:j,props:{parsedParagraph:"\u003Cstrong\u003EExclusive:\u003C\u002Fstrong\u003E Pennsylvania became the latest state to pass a bill establishing some regulatory clarity surrounding digital assets, continuing a trend where legislatures and governors across the country attempt to provide some rules of the road for the U.S. crypto industry, FOX Business has learned."}};cG[2]={is:j,props:{parsedParagraph:"The move comes amid continued confusion on the federal level over \u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fcategory\u002Fcryptocurrencies\" target=\"_blank\" rel=\"noopener\"\u003Ecrypto regulation,\u003C\u002Fa\u003E and which federal agencies should take the lead in enforcing basic investment rules on the still nascent, $2 trillion digital asset market."}};cG[3]={is:j,props:{parsedParagraph:"On Wednesday, the Pennsylvania House of Representatives passed a bill that protects residents' rights to self-custody digital assets, ensures their ability to use bitcoin as a payment and provides explicit guidelines around taxing bitcoin transactions. \u003Ca href=\"https:\u002F\u002Fwww.legis.state.pa.us\u002Fcfdocs\u002Flegis\u002FRC\u002FPublic\u002Frc_view_action2.cfm?sess_yr=2023&sess_ind=0&rc_body=H&rc_nbr=1609\" target=\"_blank\" rel=\"nofollow noopener\"\u003EHouse Bill 2481\u003C\u002Fa\u003E, dubbed the Bitcoin Rights bill, sailed through with strong bipartisan support, winning by an overwhelming majority of 176 votes to 26. The vote included 76 Democrats and unanimous backing from all 100 Republican members."}};cG[4]={is:j,props:{parsedParagraph:"\u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fpolitics\u002Fbitcoin-miners-launch-ad-campaign-swing-states-boost-crypto-friendly-candidates\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003EBITCOIN MINERS LAUNCH AD CAMPAIGN IN SWING STATES TO BOOST CRYPTO-FRIENDLY CANDIDATES\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E"}};cG[5]={is:j,props:{parsedParagraph:"The bill will move on to the Republican-led Pennsylvania Senate after the election and, if passed, onto Gov. Josh Shapiro’s desk."}};cG[6]={is:aC,props:{url:"https:\u002F\u002Fstatic.foxbusiness.com\u002Ffoxbusiness.com\u002Fcontent\u002Fuploads\u002F2024\u002F07\u002FPennsylvania-Governor-Josh-Shapiro.jpg",externalUrl:a,imageAlt:"Pennsylvania Governor Josh Shapiro",description:"Pennsylvania Gov. Josh Shapiro during an interview at the State Capitol building in Harrisburg, Pennsylvania, on Feb. 28, 2024.",shortDescription:a,copyright:"Photographer: Rachel Wisniewski\u002FBloomberg via Getty Images",source:M,alignment:aD}};cG[7]={is:j,props:{parsedParagraph:"The bill, crafted by outside bitcoin advocacy group Satoshi Action Fund (SAF), is the latest effort to help lawmakers understand the nuances of blockchain technology and bitcoin. SAF has succeeded in helping write and pass similar legislation in 20 other states, with four bills becoming law in Oklahoma, Louisiana, Montana and Arkansas. The group’s main priority is to help \u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fcategory\u002Fbitcoin\" target=\"_blank\" rel=\"noopener\"\u003Emainstream bitcoin\u003C\u002Fa\u003E at the state level and encourage state lawmakers to do what the federal government has yet to do – establish some clear rules of the road for crypto and normalize it as a mode of transaction."}};cG[8]={is:j,props:{parsedParagraph:"Some \u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fcategory\u002Flegal\" target=\"_blank\" rel=\"noopener\"\u003Estate laws involving financial products\u003C\u002Fa\u003E sold to small investors can be controversial; the federal jurisdiction surrounding modes of payment methods often trumps state law. Meanwhile, the federal government has yet to define which digital assets, aside from bitcoin and ethereum, are securities like stock or bonds, and fall under disclosure rules imposed by the Securities and Exchange Commission."}};cG[9]={is:j,props:{parsedParagraph:"\u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fpolitics\u002Fexodus-donates-1-3m-crypto-advocacy-group-aid-election-day-vote-efforts\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003E\u003Cu\u003EEXODUS DONATES $1.3M TO CRYPTO ADVOCACY GROUP TO AID ELECTION DAY VOTE EFFORTS\u003C\u002Fu\u003E\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E"}};cG[10]={is:cJ,props:{content:"\u003Cdiv class=\"freeform-content\"\u003E\u003Ciframe class=\"cryptocurrency\" src=\"https:\u002F\u002Ffoxbusinessp.factsetdigitalsolutions.com\u002Fext\u002Ffio\u002Ffoxbusinessportal\u002Ffactsheet-header\u002FXX:213086261\" id=\"facsetiframe\"\u003E \u003C\u002Fiframe\u003E\u003C\u002Fdiv\u003E",thirdPartyContent:"\u003Chtml\u003E\u003Chead\u003E\u003C\u002Fhead\u003E\u003Cbody\u003E\u003Cdiv class=\"freeform-content\"\u003E\u003Ciframe class=\"cryptocurrency\" src=\"https:\u002F\u002Ffoxbusinessp.factsetdigitalsolutions.com\u002Fext\u002Ffio\u002Ffoxbusinessportal\u002Ffactsheet-header\u002FXX:213086261\" id=\"facsetiframe\"\u003E \u003C\u002Fiframe\u003E\u003C\u002Fdiv\u003E\u003C\u002Fbody\u003E\u003C\u002Fhtml\u003E"}};cG[11]={is:aC,props:{url:"https:\u002F\u002Fstatic.foxbusiness.com\u002Ffoxbusiness.com\u002Fcontent\u002Fuploads\u002F2024\u002F06\u002FSEC.png",externalUrl:a,imageAlt:"SEC seal",description:"The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., May 12, 2021.",shortDescription:a,copyright:"Reuters\u002FAndrew Kelly\u002FFile Photo",source:"Reuters",alignment:aD}};cG[12]={is:j,props:{parsedParagraph:"A separate federal agency, the Commodity Futures Trading Commission, oversees crypto that is deemed a so-called commodity with a lighter regulatory touch. Crypto regulation has morphed into a potent political issue in an election year with Republicans and the party’s presidential nominee, former President Donald Trump, championing fewer rules to curry favor with some 50 million Americans who believe the Biden administration's heavy regulatory hand has stymied innovation."}};cG[13]={is:j,props:{parsedParagraph:""In such polarizing times, it’s great to see both sides of the aisle come together to further innovation and prioritize security for Pennsylvanians who own and transact with cryptocurrency," \u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fpolitics\" target=\"_blank\" rel=\"noopener\"\u003ERepublican Pennsylvania state Rep. Mike Cabell\u003C\u002Fa\u003E, the bill’s sponsor and a long-time bitcoin investor, told FOX Business."}};cG[14]={is:cJ,props:{content:"\u003Cdiv class=\"freeform-content\"\u003E\u003Ciframe class=\"cryptocurrency\" src=\"https:\u002F\u002Ffoxbusinessp.factsetdigitalsolutions.com\u002Fext\u002Ffio\u002Ffoxbusinessportal\u002Ffactsheet-header\u002FXX:213086262\" id=\"facsetiframe\"\u003E \u003C\u002Fiframe\u003E\u003C\u002Fdiv\u003E",thirdPartyContent:"\u003Chtml\u003E\u003Chead\u003E\u003C\u002Fhead\u003E\u003Cbody\u003E\u003Cdiv class=\"freeform-content\"\u003E\u003Ciframe class=\"cryptocurrency\" src=\"https:\u002F\u002Ffoxbusinessp.factsetdigitalsolutions.com\u002Fext\u002Ffio\u002Ffoxbusinessportal\u002Ffactsheet-header\u002FXX:213086262\" id=\"facsetiframe\"\u003E \u003C\u002Fiframe\u003E\u003C\u002Fdiv\u003E\u003C\u002Fbody\u003E\u003C\u002Fhtml\u003E"}};cG[15]={is:j,props:{parsedParagraph:"Crypto ownership in Pennsylvania has also accelerated with 1.5 million residents owning some form of digital asset, or roughly 12% of the 13 million people who reside there."}};cG[16]={is:j,props:{parsedParagraph:"\u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fpolitics\u002Felon-musk-gives-nod-john-deaton-massachusetts-senate-race-against-elizabeth-warren\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003EELON MUSK GIVES NOD TO JOHN DEATON IN MASSACHUSETTS SENATE RACE AGAINST ELIZABETH WARREN\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E"}};cG[17]={is:j,props:{parsedParagraph:"The state’s role as one of the most consequential battlegrounds in the upcoming presidential election has made it a target for fervent political spending by the U.S. crypto industry looking to sway votes in favor of candidates who will champion them. With just two weeks to go until election day, those 1.5 million crypto owners could make a big difference in tight races like the Senate battle between incumbent Democratic Sen. Bob Casey and his challenger, Republican Dave McCormick, a businessman and bitcoin advocate."}};cG[18]={is:j,props:{parsedParagraph:"The \u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fcategory\u002Fwhite-house\" target=\"_blank\" rel=\"noopener\"\u003Erace for the White House\u003C\u002Fa\u003E between Trump and Vice President Kamala Harris in Pennsylvania is also heating up with both candidates now neck and neck in the polls."}};cG[19]={is:aC,props:{url:"https:\u002F\u002Fstatic.foxbusiness.com\u002Ffoxbusiness.com\u002Fcontent\u002Fuploads\u002F2024\u002F10\u002Ftrump-harris-economy-spatt-fnd.jpg",externalUrl:a,imageAlt:"Trump and Harris get economic fact-check",description:"Carnegie Mellon University professor and former SEC chief economist Chester Spatt breaks down the 2024 presidential candidates' economist \"wish\" lists.",shortDescription:a,copyright:"Fox News\u002FGetty Images",source:aE,alignment:aD}};cG[20]={is:j,props:{parsedParagraph:""Pennsylvania is the most important battleground state in the presidential race, and the outcome could hinge on a small handful of voters," said Dennis Porter, founder of the Satoshi Action Fund, which was instrumental in crafting the Bitcoin Rights bill. "With the bill already passed in the Pennsylvania House and poised to pass the Senate, it stands as a pivotal issue for candidates and voters. What’s more, the bitcoin vote represents a new, growing voter bloc actively searching for a political home.""}};cG[21]={is:j,props:{parsedParagraph:"\u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fapps-products?pid=AppArticleLink\" target=\"_blank\" rel=\"noopener\"\u003E\u003Cstrong\u003E\u003Cu\u003EGET FOX BUSINESS ON THE GO BY CLICKING HERE\u003C\u002Fu\u003E\u003C\u002Fstrong\u003E\u003C\u002Fa\u003E"}};cG[22]={is:j,props:{parsedParagraph:"Pennsylvania is currently the only state with a split legislature, meaning neither party has complete dominance, and bills always need bipartisan support to pass. The bipartisan reception of the bill in the Democrat-led lower chamber, combined with resounding support from Republicans, is encouraging for Cabell, who is hopeful for another victory in the Senate."}};cG[23]={is:j,props:{parsedParagraph:""A bill geared towards the right to financial freedom should be bipartisan," Cabell said. "The 26 ‘nos’ came from members with less of an understanding about \u003Ca href=\"https:\u002F\u002Fwww.foxbusiness.com\u002Fcategory\u002Ftech\" target=\"_blank\" rel=\"noopener\"\u003Eblockchain technology\u003C\u002Fa\u003E and some others with concerns about bitcoin’s effects on the 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href=\"mailto:Breck.Dumas@fox.com\" target=\"_blank\" rel=\"noopener noreferrer\"\u003EBreck.Dumas@fox.com\u003C\u002Fa\u003E, find her on Twitter \u003Ca href=\"https:\u002F\u002Ftwitter.com\u002Fbreck_dumas\" target=\"_blank\"\u003E@Breck_Dumas\u003C\u002Fa\u003E, or contact her on \u003Ca href=\"https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fbreck-dumas-a9785b9b\u002F\" target=\"_blank\"\u003ELinkedIn\u003C\u002Fa\u003E.\u003C\u002Fp\u003E",thumbnail:{uuidv5:"f1fe60d5-9e32-5aea-9d2b-160d5306e504",content_type:p,content:{alt:$,caption:$,wp__origin:{blog_id:e,environment:g,post_type:s,site:h,source:i,post_id:2219589},url:do0},url:do0}},{uuidv5:cu,fn__type:z,person_id:cv,name_id:cw,canonical_url:J,page_url:J,first_name:cx,last_name:cy,full_name:C,middle_initial:a,personality_name:a,prefix:a,role:D,job_title:cz,title:C,blog_urls:[],full_bio_url:a,company_name:a,short_bio:"\u003Cp\u003EEleanor Terrett is a journalist for FOX Business and producer for Senior Correspondent Charlie 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House passes bipartisan bill to bring regulatory clarity to digital assets","production","cms.foxbusiness.com","tiger-cms","paragraph","video",void 0,"Politics","NaN:NaN","politics","image",0,"Markets","attachment","Cryptocurrency","keyword","https:\u002F\u002Fstatic.foxbusiness.com\u002Ffoxbusiness.com\u002Fcontent\u002Fuploads\u002F2024\u002F04\u002FBitcoin-Cash.jpg","article","\u002Fcategory\u002Fcryptocurrency","https:\u002F\u002Fwww.foxbusiness.com\u002Fcategory\u002Fmarkets","persons","fox-business\u002Fpolitics","spark_tags","Eleanor Terrett","Author","56c0b7bd-a115-5c5d-8ebb-6432f8618115","15997032-5148-567d-9c31-7daae3d3a029","2024-10-24T12:27:09-04:00","publish","\u002Ftechnology","foxbusiness.com\u002Fperson\u002Ft\u002Feleanor-terrett","cryptocurrency","Pennsylvania House Bill 2481, dubbed the Bitcoin Rights bill, sailed through with strong bipartisan support, winning by an overwhelming majority of 176 votes to 26.","Getty 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NFTs, which went from being touted as the cutting edge of the digital frontier to the punchline for the most recent crypto bust, are suddenly staging an unlikely comeback following global sales volume for NFTs plummeted 63% to $8.7 billion last year, according to data from CryptoSlam. 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