Pennsylvania Democratic lawmaker Ben Waxman introduced HB1812, a bill that aims to prohibit public officials and their immediate family members from conducting crypto asset transactions exceeding $1,000 during their term and within one year after leaving office, and requires liquidation of holdings within 90 days after the bill takes effect. Violators could face fines of up to $50,000, and in severe cases, up to 5 years in prison. Waxman accused President Trump of profiting through his meme coin TRUMP and related policies, stating that "public officials should not use their position to get rich through crypto asset projects." (Cointelegraph)