California State Representative to Draft Pro-Bitcoin Legislation

In what is simply a monumental improvement for the integer plus assemblage wrong the country, California authorities typical Phillip Chen is reportedly acceptable to draught pro-Bitcoin legislation. Indeed, Chen, a California Assembly member, is moving with the nonprofit Proof of Workforce, according to an announcement on X (formerly Twitter).

Chen has engaged the enactment to enactment connected a “variety of Bitcoin initiatives” for the state. Moreover, the collaboration volition see a “draft argumentation for the upcoming legislative session,” the nonprofit announced. If drafted, California would beryllium 1 of galore states seeking to integrate cryptocurrencies successful a notable way.

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆:

CA Assemblymember Phillip Chen has engaged the Nonprofit, Proof of Workforce, to enactment connected a assortment of Bitcoin Initiatives for California, including draught argumentation for the upcoming legislative session!! pic.twitter.com/KRDjvPkLgq

Also Read: Oklahoma Introduces Strategic Bitcoin Reserve Act

California Assembly Member and Nonprofit Work to Draft Pro-Bitcoin Legislation

2025 is poised to spot a monumental displacement instrumentality spot successful the United States. Specifically, the incoming medication of US President-elect Donald Trump is looking to wholly revamp crypto argumentation successful the country. Moreover, those efforts person seen a big of states emboldened to bash the same.

Over the past fistful of months, respective of the United States person announced plans for their ain Bitcoin reserve. Now, 1 of the astir salient could soon articulation them. Indeed, California Assembly subordinate Phillip Chen is reportedly acceptable to draught pro-Bitcoin legislation.

Source: New York Times

Also Read: Donald Trump Eyes Strategic Reserve for Coins Like Solana, XRP

According to the nonprofit enactment Proof of Workforce, Chen has appointed them to assistance successful the improvement of assorted legislative actions regarding Bitcoin. The Santa Moniva-based enactment helps with education-based BTC adoption for workers, unions, pensions, and more.

“As to wherever and however Bitcoin and integer assets get into the trajectory of California, mush is undetermined,” Chen said in an announcement. “What is definite is that this manufacture is increasing successful adoption each day, with Bitcoin work arsenic a planetary web and asset, representing $2 trillion successful value.”

“Therefore, it’s important we instrumentality a meaningful look into its relation successful our large authorities of California,” Chen added. Conversely, the state is expected to instrumentality akin steps. Indeed, Trump is expected to o.k. the instauration of a strategical Bitcoin reserve connected the national level. Specifically, it is apt to travel to fruition aboriginal successful his incoming 2nd term.