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Pennsylvania Bill Seeks to Restrict Public Officials from Holding Crypto
Pennsylvania Bill Seeks to Restrict Public Officials from Holding Crypto
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BTCCSquare news:
Pennsylvania's General Assembly is reviewing House Bill 1812, which aims to impose strict disclosure requirements and penalties on public officers holding digital assets. The proposed legislation mandates disclosure of crypto holdings exceeding $1,000, with violations potentially resulting in fines up to $50,000 or imprisonment.
The bill reflects growing scrutiny of digital asset ownership among public officials, mirroring federal efforts like Representative Ritchie Torres' Stop Presidential Profiteering from Digital Assets Act. These developments occur as cryptocurrency holders emerge as a significant voting bloc in U.S. politics.
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