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US HR849
Resolution
Status
10/31/2025
Primary Sponsor
Ro Khanna
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AI Summary
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House Resolution expressing support for legislation to ban the President, Vice President, Members of Congress, candidates, elected officials, high-ranking executive branch employees, and their immediate family members from issuing, sponsoring, or endorsing digital assets including cryptocurrency, memecoins, stablecoins, NFTs, and decentralized finance platforms
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Would require covered officials and family members to place any digital assets in a qualified blind trust inaccessible during their candidacy, public service, and for 2 years after leaving office
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Would prohibit foreign investment in any digital assets issued, promoted, or controlled by covered officials and their immediate family members
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Would mandate full and timely disclosure of all cryptocurrency transactions by covered officials and family members, with civil and criminal penalties for violations
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Resolution cites specific concerns including up to $5 billion amassed by President Trump's family from cryptocurrency ventures, a $2 billion foreign investment from Abu Dhabi-owned MGX, and $75 million invested by a Chinese-born billionaire facing SEC fraud allegations
Legislative Description
Ban Crypto Corruption Resolution
Finance and financial sector
Last Action
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.
10/31/2025