Committee on House Administration, Financial Services Committee, Judiciary Committee, Oversight and Government Reform Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
This resolution seeks to prevent public officials from using their office for **personal enrichment** through cryptocurrency ventures and to mitigate **conflicts of interest** and **foreign influence** in their **digital asset** activities. It highlights concerns regarding President Trump and his family's alleged accumulation of wealth from various crypto enterprises, including digital trading cards, memecoins, and stablecoins, and notes substantial foreign investment in these projects. The resolution proposes several key measures, including prohibiting the President, Vice President, Members of Congress, candidates, and high-ranking executive branch employees, along with their immediate families, from issuing, sponsoring, or endorsing **digital assets**. It further mandates that these individuals place any **digital assets** they hold into qualified **blind trusts** during their public service and for two years thereafter. Additionally, it aims to ban foreign investment in any **digital assets** associated with these officials. To ensure transparency and accountability, the resolution calls for the full and timely **disclosure** of all cryptocurrency transactions by these specified individuals and their immediate families. It also advocates for establishing civil and criminal **penalties** for any violations of these proposed requirements, clarifying that such actions would be considered unofficial acts.
Get AI-generated questions to help you understand this bill better
Timeline
Submitted in House
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.
Submitted in House
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.
Finance and Financial Sector
Ban Crypto Corruption Resolution
USA119th CongressHRES-849| House
| Updated: 10/31/2025
This resolution seeks to prevent public officials from using their office for **personal enrichment** through cryptocurrency ventures and to mitigate **conflicts of interest** and **foreign influence** in their **digital asset** activities. It highlights concerns regarding President Trump and his family's alleged accumulation of wealth from various crypto enterprises, including digital trading cards, memecoins, and stablecoins, and notes substantial foreign investment in these projects. The resolution proposes several key measures, including prohibiting the President, Vice President, Members of Congress, candidates, and high-ranking executive branch employees, along with their immediate families, from issuing, sponsoring, or endorsing **digital assets**. It further mandates that these individuals place any **digital assets** they hold into qualified **blind trusts** during their public service and for two years thereafter. Additionally, it aims to ban foreign investment in any **digital assets** associated with these officials. To ensure transparency and accountability, the resolution calls for the full and timely **disclosure** of all cryptocurrency transactions by these specified individuals and their immediate families. It also advocates for establishing civil and criminal **penalties** for any violations of these proposed requirements, clarifying that such actions would be considered unofficial acts.
Get AI-generated questions to help you understand this bill better
Timeline
Submitted in House
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.
Submitted in House
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.