Re: Everything you wanted to know about Bitcoin Strategic Reserve
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.
They certainly have some existing disclosure laws that they must comply with, but this bill may still be in the process of being passed by the legislature, so it is not yet clear that it will pass. If this bill passes, it may be appropriate to ban government officials and their close relatives from owning Bitcoin. It seems that their law is very strict because they have mentioned that ethics and financial laws need to be changed. Because government officials may not be able to come into contact with not only Bitcoin but also other cryptocurrencies through these. But in this context it is correct that they might enact a law against everything Trump does, where Donald Trump, future presidents, and other members of Congress will be prevented from using memecoins.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.