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Crypto Transparency: New Disclosure Rules for Congress Members

This act introduces new financial disclosure rules for members of the U.S. Congress. It aims to increase transparency by requiring them to disclose their cryptocurrency holdings and transactions. This allows citizens to better monitor potential conflicts of interest and assess the integrity of their representatives.
Key points
Members of Congress, their spouses, and dependent children must report cryptocurrency holdings and transactions over $1,000.
Failure to report or falsifying cryptocurrency information can result in financial penalties, including significant civil fines.
The goal is to enhance public trust through greater financial transparency from politicians.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7862
Sponsor: Rep. Slotkin, Elissa [D-MI-8]
Process start date: 2022-05-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Cryptocurrency Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7862.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-20.

What are the main provisions?

Key points include:

  • Members of Congress, their spouses, and dependent children must report cryptocurrency holdings and transactions over $1,000.
  • Failure to report or falsifying cryptocurrency information can result in financial penalties, including significant civil fines.
  • The goal is to enhance public trust through greater financial transparency from politicians.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Slotkin, Elissa [D-MI-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on House Administration.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Courts and Law Economy