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Pennsylvania Introduces Strict Crypto Disclosure Rules for Public Officials
Pennsylvania Introduces Strict Crypto Disclosure Rules for Public Officials
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BTCCSquare news:
Pennsylvania lawmakers have introduced HB1812, a bill imposing stringent disclosure and divestiture requirements on public officials holding digital assets. The legislation mandates disclosure of crypto holdings exceeding $1,000 and requires divestment within 90 days of enactment. Officials are barred from crypto transactions during their tenure and for one year post-office.
The bill expands ethics standards to include NFTs and tokens under its definition of digital assets, while also restricting immediate family members from certain financial activities. Sponsored by Rep. Ben Waxman and seven co-sponsors, the measure reflects growing regulatory scrutiny of crypto in public service.
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