PANews August 22 news, according to Cointelegraph, Pennsylvania Congressman Ben Waxman proposed the HB1812 bill, which aims to prohibit public officials and their immediate family members from holding, trading, or promoting cryptocurrencies in which they have a financial interest during their term and for one year after leaving office. The bill requires asset divestment to be completed within 90 days, with violations subject to a maximum fine of $50,000 and up to 5 years in prison. The bill responds to allegations that former U.S. President Trump and his family profited from cryptocurrency projects.