Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.
Wow, this is a complete U-turn in stance toward cryptocurrencies. Although I couldxse a rationale here, I am wondering if this prohibition is toward cryptocurrencies alone, or it is shared amongst all asset classes.
I might see a reason why if Pennsylvania can invest in some asset, a public official cannot hold that very same asset ( I can understand the rationale), on the other hand I cannot comprehend the total closure before any explaination
A Pennsylvania lawmaker accused Trump of financially benefiting from crypto projects like his memecoin, 'Official Trump', and pushing policies to roll back federal oversight of crypto markets, shielding these schemes from scrutiny.
Public officials must disclose any financial interest in digital assets exceeding $1,000 in their statements of financial interests. Violators face up to $50,000 fines and potential felony charges, aiming to prevent conflicts of interest by eliminating crypto-related financial interest...