United States of America: Bill to establish digital currency task force introduced in Pennsylvania House

On 19 July 2021, the Pennsylvania House Bill 1724 was introduced to the Pennsylvania House of Representatives. The Bill aims to establish a digital currency task force in the state. The task force would be instructed to investigate the impact of digital currencies in Pennsylvania. Notably, the task force will review the transparency of the digital currency marketplace and potential market manipulation. Moreover, the task force would review the extent of the use and volume of various currencies, their impact on the state, and potential illegal usage. Furthermore, the task force would also be tasked with reviewing federal regulation of digital currency and making recommendations for the long-term regulation of cryptocurrency.