Representatives from both parties in the US House of Representatives have introduced a bipartisan bill to ban members from trading or owning certain financial instruments, which could extend to investments in digital assets.
U.S. laws applying to congressional members to prohibit ownership of securities, securities futures, and commodities, as well as limiting owning or trading certain assets.
Under the bill, congressional members who are invested in such assets would largely be required to sell them or place them in a blind trust within 90 days of passage. Failure to comply with the law could result in civil charges from the U.S. Attorney General potentially leading to fines of up to $50,000.
“The ability to individually trade stock erodes the public’s trust in government,” said AOC. “When Members have access to classified information, we should not be trading in the stock market on it. It’s really that simple.” Being a Bipartisan Problem Solver is about building bridges, even between people where it would seem impossible. It’s what we do. And it’s what America needs.
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