Politicians & Crypto: A Match Made in Jail 😂💰

Oh, the irony! Just when you thought state officials couldn’t get any more out of touch, they’re now being told to keep their grubby hands off Bitcoin and NFTs. 🤑 Enter HB1812, the bill that’s basically saying, “Sorry, Senator, but your Bored Ape Yacht Club membership is a conflict of interest.” Filed on August 20 and tossed to the State Government Committee like a hot potato, this gem is sponsored by Rep. Ben Waxman and his seven trusty sidekicks. Their mission? To amend the state’s ethics code to include cryptocurrencies and NFTs under the umbrella of “digital assets.” Because apparently, “digital clutter” wasn’t a catchy enough term. 🖼️

Disclosure and Divestment Rules (or How to Ruin a Politician’s Day)

If this bill passes, state officials will have to fess up about any crypto holdings over $1,000 on their financial disclosure forms. And if they’re caught hodling more than that? They’ve got 90 days to sell, sell, sell! 🚀 Officials and their families (yes, even Aunt Linda who bought Dogecoin on a whim) are included. Oh, and no crypto transactions allowed during their term or for a whole year after they leave office. Because apparently, “one last trade before I retire” is now a felony. 😱

Speaking of felonies, violations come with penalties that’ll make you rethink that NFT purchase. Up to $10,000 in fines or five years in prison for felonies, and civil penalties of up to $50,000 for lesser offenses. The law kicks in 60 days after passage, so mark your calendars, folks. 📅

Part of a Wider Crackdown (or How Crypto Became the New Black)

Pennsylvania isn’t alone in this crypto crackdown. It’s like everyone in politics suddenly realized, “Wait, people are making money off this? We need rules!” 🕵️‍♂️ Federal lawmakers have been busy bees, introducing bills with names that sound like they were brainstormed during a late-night meme session. Rep. Ritchie Torres’s “Stop Presidential Profiteering from Digital Assets Act,” Senator Adam Schiff’s “COIN Act,” and the “MEME Act”-because why not?-are all aimed at keeping officials from turning their portfolios into a crypto casino. 🎰

Together, these efforts highlight the bipartisan panic that sets in when something becomes mainstream. Crypto is no longer just for tech bros and conspiracy theorists; it’s now a potential ethical quagmire for public servants. Who knew pixels and blockchain could cause such a stir? 🌍

Disclaimer: This article is for entertainment purposes only. If you’re looking for financial advice, maybe try asking your cat. They’re probably better at it. 🐱 Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always do your own research and consult a licensed financial advisor before making any decisions that could land you in crypto jail.

2025-08-22 17:52

Disclosure and Divestment Rules (or How to Ruin a Politician’s Day)

Part of a Wider Crackdown (or How Crypto Became the New Black)

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