House Democrats have introduced a new resolution aimed at banning politicians and their immediate families from engaging in digital asset activities while in office. The proposal comes as a direct response to growing concerns about corruption and conflicts of interest tied to cryptocurrency dealings by elected officials, especially those connected to former President Donald Trump and his family.

The resolution seeks to prohibit the President, Vice President, Members of Congress, and key government figures — as well as candidates for public office and their families — from issuing, promoting, or endorsing cryptocurrencies, including memecoins, stablecoins, NFTs, and digital trading cards. Additionally, it calls for all digital assets owned by these individuals or their relatives to be transferred into blind trusts during their tenure and for two years afterward, making the assets inaccessible for personal use or profit.

Transparency is another central feature of the legislation. If enacted, it would require politicians and their families to fully disclose all cryptocurrency transactions, aiming to prevent hidden financial interests and ensure public accountability. The lawmakers behind the resolution argue that aggressive crypto promotion and murky ventures tied to political figures jeopardize public trust and open the door to undue foreign influence in American policy decisions.

The timing of the proposal coincides with reports of Trump and his associates launching and promoting several unregulated crypto projects, generating substantial foreign investment and raising alarms about the risk of selling access and favors to foreign nationals through these ventures. The resolution also references recent controversial decisions, such as the presidential pardon of a high-profile cryptocurrency executive.

House Democrats emphasize that the goal is not to target cryptocurrency itself, but to uphold the integrity of public office and prevent individuals in power from exploiting their positions for personal gain. They call on colleagues across the aisle to back this measure and send a clear signal that elected office is a place for service, not self-enrichment through emerging financial technologies.

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