Pennsylvania Democratic Representative Ben Waxman introduced HB1812, a bill aimed at prohibiting public officials and their immediate family members from engaging in cryptocurrency transactions exceeding $1,000 during their term and for one year after leaving office, and requiring the liquidation of holdings within 90 days of the bill's enactment. Violators may face fines of up to $50,000, with serious offenses potentially leading to a maximum of 5 years in prison. Waxman accused President Trump of profiting from his Meme coin TRUMP and related policies, stating that "public officials should not use their positions to get rich through cryptocurrency projects." (Cointelegraph)