U.S. Representative Proposes Resolution to Address Cryptocurrency Conflicts of Interest

Rep. Ro Khanna (D-CA) has introduced a resolution, H.Res.849, urging stricter regulations on public officials’ involvement with cryptocurrency activities. The proposal calls for a ban on personal benefits derived from cryptocurrency transactions and seeks to establish frameworks that address potential conflicts of interest and foreign influence. This document has been submitted to key House committees: Financial Services, Oversight and Reform, Administration, and Judiciary, for review. Khanna emphasizes the importance of increased transparency and regulatory mechanisms in digital asset activities by politicians, aiming to ensure fairer policymaking and public trust.