This bill amends Title 65 of the Pennsylvania Consolidated Statutes, specifically addressing ethics standards and financial disclosure for public officials. It introduces a new definition for "digital asset," which encompasses various forms of digital currency and tokens, including cryptocurrency and non-fungible tokens. Additionally, the bill establishes restrictions on public officials and their immediate families regarding financial interests in digital assets, prohibiting them from engaging in certain financial transactions during their term and for one year after leaving office. If they already possess such interests, they are required to divest within 90 days.

Furthermore, the bill mandates that public officials disclose any financial interest in digital assets exceeding $1,000 in their statements of financial interests. It also increases penalties for violations of restricted activities, classifying violations related to digital assets as felonies with fines up to $10,000 or imprisonment for up to five years, while violations of the new digital asset provisions incur civil penalties of up to $50,000. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 2229 (Aug 20, 2025): 65-1102