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AiCoin
AiCoin|Aug 21, 2025 22:26
[Pennsylvania Legislator Proposes Ban on Cryptocurrency Trading for Public Officials] Pennsylvania legislator Ben Waxman has introduced a bill aimed at prohibiting public officials and their immediate family members from profiting through cryptocurrency during their term of office, including trading, issuing, or promoting related assets. The bill stipulates that during their term and for one year after leaving office, the total transaction amount must not exceed $1,000, and all held assets must be liquidated within 90 days of the bill's enactment. Violators could face up to 5 years in prison or a $50,000 fine. Waxman stated that this measure is intended to address controversies surrounding public officials profiting from their positions of power.
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