Pennsylvania Bill Aims to Ban Crypto Holdings for Public Officials

A new Pennsylvania bill (HB1812) seeks to restrict public officials and their immediate families from owning Bitcoin or other crypto assets. The legislation requires disclosure of holdings exceeding $1,000 within 90 days of the bill’s effective date, followed by divestiture within that timeframe. The bill also prohibits transactions during an official’s time in office and for one year following departure to address potential conflicts of interest arising from volatile crypto markets.