Overview

• HB1812 was filed Aug. 20 by Rep. Ben Waxman with eight Democratic co-sponsors and was referred to the Pennsylvania House State Government Committee.
• The measure requires disclosure of digital-asset holdings over $1,000 and divestment within 90 days, covering both direct ownership and investments through immediate family members.
• It bars public officials from conducting digital-asset transactions during their term and for one year after leaving office, with related restrictions on immediate family activity.
• The bill’s scope defines digital assets to include cryptocurrencies and NFTs, aligning disclosure thresholds with existing state standards.
• Penalties include potential imprisonment of up to five years, with reports citing fines up to $10,000 for felony violations and up to $50,000 for other restricted-activity breaches, and the bill awaits committee consideration before any floor vote.