Senator Names Plans for Task Force to Study Cryptocurrency Policy

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As more countries move toward accepting bitcoin as legal tender, Senate President Pro Tempore Jake Corman, R-Centre, on May 10 announced plans to create a task force including the state treasurer, representatives of the state’s major public employee pension funds and other financial and policy experts to study how federal policy changes relating to digital currency could benefit Pennsylvania.

According to a statement from Corman’s office, an estimated 2,300 U.S. companies already accept bitcoin as payment, including major companies like Microsoft, Home Depot and Starbucks. El Salvador became the first country to accept bitcoin as legal tender last year, and several other countries have drafted legislation to do the same.