Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.

Violations could result in fines or imprisonment.



A House Bill No.1812 was introduced to the general Assembly of  Pennsylvania and if passed and signed into law will restrict public officials from owing nor transacting in Bitcoin or in any digital assets during their terms of service and for one year after leaving office in the state. This bill is sponsored by nine lawmakers in the house seeking to ban public officials from owing Bitcoin while in office and violators will be penalized . This Bill 1812 contradict president Donald Trump intentions of Making America the Bitcoin capital of the world. It pains me to see lawmakers fighting to denied others the right to financial freedom within a stipulated period of time.