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PA HB1812
Bill
Status
8/20/2025
Primary Sponsor
Benjamin Waxman
Click for details
AI Summary
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Prohibits Pennsylvania public officials and their immediate family members from issuing, purchasing, selling, or holding digital assets (including cryptocurrency, meme coins, NFTs, and stablecoins) during their term of service and for one year after leaving office
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Requires public officials or family members who currently hold digital assets to divest within 90 days of the law taking effect or within 90 days of beginning their term of service
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Mandates disclosure of any digital asset holdings exceeding $1,000 on annual statements of financial interests
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Establishes civil penalties of up to $50,000 for violations of the digital asset restrictions
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Takes effect 60 days after enactment and amends Title 65 (Public Officers) of the Pennsylvania Consolidated Statutes
Legislative Description
In ethics standards and financial disclosure, further providing for definitions, for restricted activities, for statement of financial interests and for penalties.
Last Action
Referred to State Government
8/20/2025