PA HB2037

Public officials and their immediate family members are prohibited from issuing, creating, sponsoring, endorsing, or promoting digital assets (including cryptocurrency, meme coins, NFTs, and stablecoins) in which they have a financial interest during the official's term of service.

Officials or family members with existing digital asset involvement at the law's effective date or at the start of their term must divest within 90 days.

Financial disclosure statements must now report digital asset holdings exceeding $1,000, with specific amounts required.

Violations of the digital asset restrictions carry civil penalties of up to $50,000.

The act takes effect 60 days after enactment and amends Title 65 (Public Officers) of the Pennsylvania Consolidated Statutes.