[California Congressman Ro Khanna Proposes Ban on Politicians Issuing and Trading Digital Assets]
California Democratic Congressman Ro Khanna has introduced a resolution supporting a ban on presidents, vice presidents, members of Congress, public office candidates, public officials, senior executive branch employees, and their immediate family members from issuing, sponsoring, or endorsing digital assets, including cryptocurrencies, stablecoins, NFTs, and more. Additionally, the resolution requires elected officials and their immediate family members to transfer digital assets to a blind trust and prohibits access to them during candidacy, tenure, and for two years after leaving office. It also mandates full disclosure of all cryptocurrency transactions. Given the Republican majority in the House of Representatives, the resolution is unlikely to pass, and even if it does, legislative procedures would still be required to incorporate its content into law.
