A new bill, HB1812 proposed by Pennsylvania Representative Ben Waxman, aims to restrict public officials’ involvement with cryptocurrencies. The legislation would prohibit these officials and their immediate family members from holding, trading, or promoting cryptocurrencies they have a financial interest in while serving and for one year after leaving office. This includes mandatory asset divestment within 90 days, coupled with potential penalties of up to $50,000 or a maximum five-year prison sentence for violations. The bill appears aimed at addressing concerns related to allegations involving U.S. President Donald Trump and his family’s financial interests in cryptocurrency projects.