Bill > HRes849

This resolution calls for comprehensive measures to prevent public officials from using their positions for personal financial gain through cryptocurrency and digital asset ventures. Specifically, it proposes legislation that would prohibit the President, Vice President, Members of Congress, candidates, elected officials, high-ranking executive employees, and their immediate family members from issuing, sponsoring, or endorsing digital assets like cryptocurrencies, memecoins, stablecoins, tokens, NFTs, digital trading cards, and decentralized finance platforms. The resolution would require these individuals to place any existing digital assets in a qualified blind trust that remains inaccessible during their candidacy, public service, and for two years after leaving office. Additionally, the proposed legislation would ban foreign investments in digital assets associated with these public figures, mandate full and timely disclosure of all cryptocurrency transactions, establish civil and criminal penalties for violations, and clarify that such unauthorized actions are considered unofficial acts. The resolution is specifically motivated by concerns about potential conflicts of interest, self-enrichment, and foreign influence, with explicit references to the Trump family's cryptocurrency-related ventures and investments.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-resolution/849/all-info