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Ban Crypto Corruption Resolution

USA119th CongressHRES-849| House 
| Updated: 10/31/2025
Ro Khanna

Ro Khanna

Democratic Representative

California

Cosponsors (9)
Yassamin Ansari (Democratic)Paul Tonko (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Bonnie Watson Coleman (Democratic)James P. McGovern (Democratic)Adam Smith (Democratic)Cleo Fields (Democratic)Rashida Tlaib (Democratic)

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.
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Timeline
Oct 31, 2025
Submitted in House
Oct 31, 2025
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.
  • October 31, 2025
    Submitted in House


  • October 31, 2025
    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.
View Full Text

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Get AI-generated questions to help you understand this bill better

Timeline
Oct 31, 2025
Submitted in House
Oct 31, 2025
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.
  • October 31, 2025
    Submitted in House


  • October 31, 2025
    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.
Ro Khanna

Ro Khanna

Democratic Representative

California

Cosponsors (9)
Yassamin Ansari (Democratic)Paul Tonko (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Bonnie Watson Coleman (Democratic)James P. McGovern (Democratic)Adam Smith (Democratic)Cleo Fields (Democratic)Rashida Tlaib (Democratic)

Committee on House Administration, Financial Services Committee, Judiciary Committee, Oversight and Government Reform Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted