An Act providing for authorization for State Treasurer to invest in Bitcoin or digital assets and for authorization for systems to invest in exchange-traded products.

This Pennsylvania bill, known as the Bitcoin Strategic Reserve Act, authorizes the State Treasurer and various state retirement systems to invest public funds in Bitcoin and other digital assets. The legislation aims to protect the purchasing power of state money against inflation by allowing these entities to include digital currencies in their investment portfolios. To manage these assets safely, the law requires the use of secure custody solutions that keep private keys in encrypted, government-controlled environments and mandates regular security audits. Additionally, the bill permits the investment of state funds through exchange-traded products that track the value of digital assets.