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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Pennsylvania lawmakers have introduced groundbreaking legislation prohibiting public officials from cryptocurrency transactions during their terms. The bill mandates disclosure of digital asset holdings exceeding $1,000 and requires divestment within 90 days. This move aligns with growing federal efforts to address potential conflicts of interest in crypto investments.
- Mandates disclosure and divestment of digital asset holdings exceeding $1,000 within 90 days for all public officials
- Classifies violations as felonies with penalties up to $10,000 fines or 5 years imprisonment
- Extends restrictions to immediate family members and aligns with three concurrent federal crypto ethics bills
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