Pennsylvania lawmakers have introduced House Bill 1812, a measure that would bar state public officials from owning or trading cryptocurrencies and other digital assets while in office. The bill defines digital assets broadly to include tokens, non-fungible tokens and other blockchain-based instruments. Under the proposal, officials must disclose digital-asset holdings exceeding $1,000 and divest any amount above that threshold within 90 days of the legislation’s effective date. The restrictions extend to immediate family members and continue for one year after an official leaves office. Violations would constitute a felony punishable by fines of up to $10,000 or imprisonment for as long as five years, while related civil breaches could draw penalties of up to $50,000. HB1812 is sponsored by Democratic Representative Ben Waxman and seven co-sponsors and has been sent to the State Government Committee for consideration. The move follows a series of federal proposals aimed at preventing elected officials from profiting from digital-asset markets, underscoring growing bipartisan concern over potential conflicts of interest as cryptocurrency ownership becomes more common.