Quote from: fillippone on Today at 06:41:57 AM

Quote from: Just Say on Today at 06:02:50 AM

Quote from: fillippone on August 21, 2025, 10:23:00 PM

Quote from: Cossyblack on August 21, 2025, 10:01:03 PM

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

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 i think 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. Pennsylvania previously planned for a Bitcoin reserve and they mentioned that 10% of Bitcoin can be invested but now they have been rejection strategic Bitcoin reserve.

Quote from: https://share.google/5lIagikSxI617RfGj

Pennsylvania rejects Bitcoin reserve plans
The proposed crypto ban followed Pennsylvania Representative Mike Cabell’s introduction of a bill empowering the treasurer to invest up to 10% of the state’s funds in Bitcoin. The BTC reserve plan, introduced in November, never left the state’s House finance committee.

This is a bill proposal. I am not a lawyer, and above all a lawyer knowing public laws in Pennsylvania, but I guess the road for the bill to be signed into law is quite long.
Probably this is going to be stopped somewhere and somehow, but it’s interesting seeing someone moving into the opposite direction.

You're right this is only a proposal that was raised and sponsored by few parliament members. When a Bill is introduced to the house by an honourable member ,the speaker of the house Joanna McClinton will have to entertain it for debate but that doesn't mean it will be enacted For they re processes that must be followed as it will require votes of the third majority members of the house and Senate for it to get final passage. Pennsylvania State is a bitcoin state,this Bill is just dead on arrival.