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HRES 849

Ban Crypto Corruption Resolution

119th Congress Introduced by Yassamin Ansari and 9 co-sponsors

The Ban Crypto Corruption Resolution prohibits public officials from using their office for crypto gain, mandates transparency, and protects against foreign influence in digital assets.

Submitted in House
0
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Bill Summary · HRES 849

Summary of H. RES. 849 - Ban Crypto Corruption Resolution

Introduction

Bill Number: H. RES. 849
Title: Ban Crypto Corruption Resolution
Status: Submitted in House
Introduced: October 31, 2025
Classification: Resolution

The Ban Crypto Corruption Resolution aims to address concerns regarding the use of public office for personal enrichment through cryptocurrency ventures. It seeks to implement measures that prevent conflicts of interest and foreign influence in the digital asset activities of politicians.

Purpose and Intent

The resolution is designed to:
- Prohibit the use of public office for personal financial gain through cryptocurrency-related activities.
- Enhance transparency and accountability among public officials regarding their involvement with digital assets.
- Protect the integrity of U.S. political processes from foreign influence and conflicts of interest.

Key Provisions

The resolution calls for several significant actions, including:

  1. Prohibition of Digital Asset Activities:

    • Ban the issuance, sponsorship, or endorsement of digital assets (e.g., cryptocurrencies, memecoins, stablecoins, tokens, NFTs) by:
      • The President
      • The Vice President
      • Members of Congress
      • Candidates for public office
      • Elected officials and their immediate family members

  2. Blind Trust Requirement:

    • Require public officials and their immediate family members to place any digital assets they hold into a qualified blind trust, which would be inaccessible during their candidacy, public service, and for two years after leaving office.

  3. Foreign Investment Ban:

    • Prohibit foreign investment in any digital assets issued or controlled by the aforementioned officials and their families.

  4. Mandatory Disclosure:

    • Mandate full and timely disclosure of all cryptocurrency transactions by public officials and their immediate family members.

  5. Penalties for Violations:

    • Establish civil and criminal penalties for violations of these provisions.

  6. Clarification of Unofficial Acts:

    • Define actions that violate these requirements as unofficial acts, thereby limiting their legitimacy.

Impact

The resolution is expected to affect:
- Public Officials: It directly targets the financial activities of the President, Vice President, Members of Congress, and candidates for public office, aiming to eliminate potential conflicts of interest.
- Cryptocurrency Ventures: It could significantly impact the operations of cryptocurrency projects linked to public officials, particularly those with foreign investments.
- Transparency in Governance: By enforcing disclosure requirements, the resolution aims to enhance public trust in government officials and their financial dealings.

Legislative Actions

  • October 31, 2025: The resolution was referred to the Committee on Financial Services, as well as the Committees on Oversight and Government Reform, House Administration, and the Judiciary for further consideration.

Sponsors

The resolution is sponsored by:
- Primary Sponsor: Ro Khanna
- Cosponsors: Yassamin Ansari, Paul Tonko, Brad Sherman, Adam Smith, Eleanor Holmes Norton, Cleo Fields, James P. McGovern, Rashida Tlaib, and Bonnie Watson Coleman.

This resolution reflects growing concerns about the intersection of cryptocurrency and public service, aiming to safeguard the integrity of political office from potential corruption and foreign influence.

Compiled from official sources — confirm details with the bill’s official record.

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