No Crypto In Office? Pennsylvania Lawmakers Push New Ban
According to reports, a Pennsylvania Democratic lawmaker on Aug. 20 filed a bill that would tighten rules around elected officials and cryptocurrency. Rep. Ben Waxman of District 182 introduced House Bill 1812 with eight Democratic co-sponsors.
The measure would bar public officials from profiting from crypto while they hold office, and it carries clear penalties for violations.
Who The Bill Would Cover
If enacted, HB1812 would change Title 65 of the Pennsylvania Consolidated Statutes. It would forbid public officials and their families from making crypto-related transactions over $1,000 while in office and for one year after leaving.
Officials who already hold crypto would have to divest within 90 days of the law taking effect….
