#California lawmakers are backing bitcoin legislation.#

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California Assemblyman Phillip Chen is drafting pro-Bitcoin legislation and seeking help from the non-profit organization Proof of Labor to explore how Bitcoin can benefit the state. Assemblyman Chen has already announced his intent to draft pro-Bitcoin legislation and is working with Proof of Labor to develop the specific legislative content. The legislation aims to explore how Bitcoin can benefit California and drive the state's development in blockchain technology and digital assets.

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California Assemblymember Phillip Chen is drafting pro-Bitcoin legislation and seeking help from the nonprofit organization Labor of Proof to explore how Bitcoin can benefit the state. The legislation is not yet publicly available, but Chen is reportedly hoping to use it to drive Bitcoin adoption in California and explore how it could bring economic benefits to the state. This move signals a shift in the U.S. government's attitude toward cryptocurrencies, as more and more lawmakers begin to focus on the potential of Bitcoin and seek to incorporate it into state-level policies. While it remains unclear what the specific contents of the legislation will be, its purpose is likely to promote the legal use of Bitcoin and provide support for its development in California.

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California Assemblymember Phillip Chen is drafting pro-Bitcoin legislation.

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The legislation aims to explore how Bitcoin can help California.

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Nonprofit Laboratoria Proof will assist in drafting the legislation.

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The legislation will focus on the applications and potential of Bitcoin in California.

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