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The new pro-crypto sentiment is not limited to the federal level. Pennsylvania has introduced the Bitcoin Strategic Reserve Act, which would require the state to hold Bitcoin as a strategic reserve. This move is part of a broader trend, as states seek to position themselves as crypto-friendly hubs.

Former SEC Chair Jay Clayton has also expressed optimism about the future of crypto legislation, stating that clearer signals from the executive and administrative levels will make it much easier to enact favorable crypto policies. This sentiment is echoed by industry leaders like Michael Saylor, who believes Bitcoin is the key to saving the US dollar and paying off the national debt.

The Regulatory Shift and its Implications

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