The deputy of the House of Pennsylvania representatives from the Democratic Party Ben Waxman submitted a bill prohibiting officials from cryptocurrencies.

According to the bill, state officials and their closest relatives should not perform cryptocurrencies in the amount of more than $ 1000 during the stay at the post and within a year after leaving the post. If the bill is approved, officials will have to abandon their cryptocurrency assets within 90 days from the date of entry of the document. Violators will face fines up to $ 50,000, and in some cases a prison conclusion for up to five years.

Wakesman said that his bill was aimed at combating corruption, rooted due to US President Donald Trump. Wakesman accused the president of obtaining financial benefits from cryptocurrency projects launched by him and his family, including Trump and Melania memcoirs. The legislator is convinced that Trump promotes a policy aimed at weakening federal supervision of cryptotics and protecting cryptocurrency schemes from regulatory supervision.

“In Pennsylvania, no state official should use his official position to enrich at the expense of cryptocurrencies. Therefore, I am introducing a bill prohibiting officials to launch, promote and trade in cryptocurrencies in which they have personal financial interest, ”Ben Wakesman said.

In July, in the state of Connecticut, a bill prohibiting state investment in Bitcoin and other cryptocurrencies was adopted. Earlier, a group of democrats proposed to the US Congress to amend the Genius Law on the regulation of stablecoins in order to prohibit Trump from making a profit from their tokens.