Pennsylvania Bans Public Officials from Holding or Trading Cryptocurrency

In a move to combat potential corruption risks associated with cryptocurrencies, Pennsylvania has passed HB1812, prohibiting public officials and their families from holding or trading digital assets. The bill mandates disclosure of all crypto holdings exceeding $1,000 and requires divestment within 90 days of enactment. This stringent legislation targets memecoins, NFTs, and political campaign financing in the cryptocurrency space.