Ban on Crypto Ventures for Politicians: Preventing Conflicts of Interest and Foreign Influence.
This resolution calls for new laws to ensure government integrity by preventing public officials from profiting personally from cryptocurrency ventures. It aims to protect citizens by requiring politicians and their families to isolate their digital assets, reducing the risk of conflicts of interest and foreign influence in policy decisions. The proposed rules cover the President, Congress members, candidates, and their immediate families.
Key points
Prohibits the President, Congress members, candidates, and their immediate families from issuing, sponsoring, or endorsing any digital assets like crypto or NFTs.
Mandates that all existing digital assets held by these officials and their families must be placed in a qualified blind trust during service and for two years after leaving office.
Establishes civil and criminal penalties for violations and bans foreign investment in digital assets linked to US public officials.
Introduced
Citizen Poll