California Representative Ro Khanna, a Democrat, has introduced a new resolution in Congress that seeks to tighten restrictions on how U.S. public officials and their families engage with digital assets. The proposal aims to prevent conflicts of interest and promote transparency in government by setting clear boundaries on the ownership, endorsement, and promotion of cryptocurrencies and other blockchain-based assets by elected leaders and senior officials.
Under the proposed resolution, a broad range of officials, including the President, Vice President, members of Congress, public office candidates, senior executive branch employees, and special government employees, would be barred from issuing, sponsoring, or endorsing any type of digital asset. This restriction would apply not only to mainstream cryptocurrencies such as Bitcoin and Ethereum but also to meme coins, stablecoins, NFTs, digital trading cards, and DeFi platforms. The goal, according to Rep. Khanna, is to ensure that individuals in positions of power are not influenced by personal investments or market movements within the crypto space.
The resolution also calls for stringent disclosure and trust requirements for politicians and their families. It proposes that elected officials, candidates, and their immediate family members should transfer all their digital asset holdings into a blind trust, which would remain inaccessible during their candidacy or time in office, as well as for two years after leaving public service. Additionally, the resolution emphasizes the importance of full and timely disclosure of all crypto-related transactions to maintain transparency and public confidence in the integrity of government officials.
However, despite its focus on ethical governance, the proposal faces a steep political challenge. According to Fox News, the resolution is unlikely to pass in the House of Representatives, where Republicans currently hold a majority. Even if it manages to secure approval, it would still need to undergo the full legislative process before becoming law, a journey that could face significant resistance and debate from both sides of the aisle.
If advanced, this initiative could mark one of the most comprehensive attempts yet to separate political influence from the digital asset sector, reinforcing accountability while reshaping how policymakers interact with emerging financial technologies.
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