According to BlockBeats news on August 22, Cointelegraph reported that Pennsylvania House Democrat Ben Waxman introduced legislation aimed at 'prohibiting officials from profiting from cryptocurrency while in office.'
Waxman submitted the HB1812 bill on Wednesday, with the support of eight Democratic co-sponsors. This is his response to the so-called 'corrupt' behavior perpetuated by U.S. President Donald Trump at the federal level.
The Pennsylvania lawmaker accused Trump of profiting from cryptocurrency projects like his Meme coin TRUMP and pushing for relaxed federal regulations on the cryptocurrency market to 'shield these schemes from scrutiny.'
