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States, including Pa., could see a crypto policy blitz in 2025 in spite of the risks

^{Published on 2024-12-16 11:40:47 - Penn Live}
 

• Proponents of the uniquely volatile commodity argue it is a valuable hedge against inflation, similar to gold.

The article from PennLive discusses the potential for a significant push in cryptocurrency policy in 2025, particularly in states like Pennsylvania, despite the inherent risks associated with digital currencies. It highlights that while the crypto industry has been lobbying for favorable regulations, there's growing concern over the lack of consumer protections and the potential for fraud and market volatility. The piece mentions that several states are considering legislation that could either promote or regulate cryptocurrencies, with some lawmakers advocating for innovation and economic growth through blockchain technology, while others warn of the dangers like money laundering, scams, and the environmental impact of mining. The article also notes the influence of crypto lobbyists and the mixed reactions from state officials, with some pushing for a cautious approach to ensure consumer safety and financial stability.

Read the Full Penn Live Article at:
[ https://www.pennlive.com/politics/2024/12/states-including-pa-could-see-a-crypto-policy-blitz-in-2025-in-spite-of-the-risks.html ]

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