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08/22 09:31

Pennsylvania Proposes New Ethics Bill to Restrict

Pennsylvania Proposes New Ethics Bill to Restrict Public Officials’ Crypto Holdings

Pennsylvania’s HB1812 bill proposes banning public officials from holding digital assets like Bitcoin, XRP during their term and post-office.

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Pennsylvania’s HB1812 aims to restrict public officials from owning or trading digital assets like crypto and NFTs.

Violations of the HB1812 bill could result in penalties up to $50,000.

Public officials in Pennsylvania must disclose any digital asset holdings over $1,000.

Pennsylvania has introduced a new crypto bill aiming to enforce stricter ethical and financial disclosure standards for public officials. The proposed legislation, House Bill 1812 (HB1812), seeks to restrict public officials and their immediate families from owning or transacting in digital assets.

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