Pennsylvania Bill Pushes for Jail Time for Officials Holding Crypto

A new Pennsylvania House bill proposes a unique punishment: jail time for elected officials who hold cryptocurrency, even after leaving office. Rep. Ben Waxman’s HB 1812 seeks to prohibit public officials from holding cryptocurrencies during their term and for one year following their departure. The bill would require those with assets exceeding $1,000 in crypto to divest within 90 days if the bill is passed.