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Pennsylvania Bill HB1812 Bans Crypto for Public Officials
Pennsylvania lawmakers introduced HB1812, a sweeping ethics bill that would bar public officials—and even their immediate family members—from holding or trading cryptocurrencies, NFTs, memecoins, or stablecoins during their term and for one year afterward. Digital asset holdings over $1,000 must be disclosed and divested within 90 days of the bill’s enactment. Violations may lead to penalties up to $50,000 or five years in prison under felony charges.
The bill aims to curb conflicts of interest amid evolving digital asset regulations and has sparked debate between transparency advocates and critics, who argue it may deter qualified candidates and pose enforcement challenges.
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#CryptoRegulation #PublicEthics #BinanceSquare #CryptoBill #Pennsylvania
Pennsylvania lawmakers introduced HB1812, a sweeping ethics bill that would bar public officials—and even their immediate family members—from holding or trading cryptocurrencies, NFTs, memecoins, or stablecoins during their term and for one year afterward. Digital asset holdings over $1,000 must be disclosed and divested within 90 days of the bill’s enactment. Violations may lead to penalties up to $50,000 or five years in prison under felony charges.
The bill aims to curb conflicts of interest amid evolving digital asset regulations and has sparked debate between transparency advocates and critics, who argue it may deter qualified candidates and pose enforcement challenges.
$BTC
$ETH
$BNB
#CryptoRegulation #PublicEthics #BinanceSquare #CryptoBill #Pennsylvania
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