Pennsylvania Takes Action to Combat Crypto Conflicts of Interest

Pennsylvania is taking a leading role in addressing ethical concerns surrounding cryptocurrencies. The state has passed legislation prohibiting public employees and their immediate families from profiting from cryptocurrency transactions exceeding $1,000. Violations could result in fines up to $50,000 or imprisonment for five years. This move comes as a response to rising scrutiny of potential conflicts of interest and corruption within the burgeoning digital asset industry.