Pennsylvania lawmakers propose banning public officials from holding and trading cryptocurrencies

U.S. Congressman Ben Waxman of Pennsylvania proposed HB1812, which would prohibit incumbent public officials and their immediate family members from holding, trading, or promoting cryptocurrencies in which they have financial interests during their term of office and within one year after leaving office, requiring asset divestiture to be completed within 90 days. Violators could be fined up to $50,000 and imprisoned for up to five years.