Pennsylvania’s Bill to Ban Public Officials From Owning Crypto If Passed

The General Assembly of Pennsylvania has introduced House Bill 1812, aiming to restrict public officers from holding cryptocurrency investments. The bill mandates disclosure of digital asset holdings exceeding $1,000 and imposes severe penalties for violations, including fines up to $50,000 or imprisonment.

This legislative move reflects growing scrutiny over crypto ownership among public officials, potentially setting a precedent for other states. The bill’s passage could further polarize the political landscape, where crypto holders have emerged as a significant voting bloc.

Earlier efforts, such as the Stop Presidential Profiteering from Digital Assets Act, highlight a broader trend of regulatory pushback against crypto in governance. The debate underscores the tension between innovation and accountability in public service.