Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Government Reform, House Administration, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
H.Res. 849, called the Ban Crypto Corruption Resolution, is a nonbinding statement expressing support for legislation that would prohibit federal officials and their immediate family members from creating, sponsoring, or endorsing cryptocurrency and digital assets while in office or as candidates. The resolution, sponsored by Representative Ro Khanna and others, also calls for requiring officials to place any existing digital assets into blind trusts that they cannot access during their service and for two years after leaving office, as well as banning foreign investment in such assets. The resolution specifically references allegations that President Trump and his family have profited billions of dollars from cryptocurrency ventures while in or seeking public office, and cites concerns about foreign entities investing in Trump-linked crypto projects. The measure does not impose any immediate requirements or penalties; instead, it signals congressional support for future legislation that would establish civil and criminal penalties for violations and mandate full disclosure of all cryptocurrency transactions by federal officials and their families. This resolution does not require any specific funding and has no implementation timeline, as it is a statement of intent rather than enforceable law.
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