A new bill in Pennsylvania could significantly limit public officials’ access to cryptocurrency. The Pennsylvania HB 1812 bill proposes a ban on owning or trading Bitcoin, stablecoins, and ETFs for both government officials and their families during their tenures and for at least one year after leaving office. This restriction also extends to proxies used to bypass the regulations. The bill outlines hefty fines of up to $50,000 for any violations. Officials found in violation must disclose holdings above $1,000 and are required to sell crypto holdings 90 days before assuming office. The bill’s reasoning echoes similar restrictions on stock trading, aiming to prevent insider trading using privileged information. The effectiveness of this proposed law is uncertain due to past limitations on stock trading rules failing to achieve complete compliance.