HRES849-119

That the House of Representatives supports legislation to— prohibit the issuance, sponsoring, or endorsing of digital assets (including cryptocurrency, memecoins, stablecoins, tokens, nonfungible tokens (NFTs), digital trading cards, and decentralized finance platforms) by the President, Vice President, Members of Congress, candidates for public office, elected public officials, high-ranking executive branch employees and special government employees, and the immediate family members of each of these; require the President, Vice President, Members of Congress, candidates for public office, elected public officials, and the immediate family members of each of these to place any digital assets they hold in a qualified blind trust inaccessible during their candidacy, public service, and 2 years after an individual’s service; prohibit foreign investment in any digital assets issued, promoted, or controlled by the President, Vice President, Members of Congress, candidates for public office, elected public officials, and the immediate family members of each of these; mandate the full and timely disclosure of all cryptocurrency transactions by the President, Vice President, Members of Congress, candidates for public office, elected public officials, and the immediate family members of each of these; establish civil and criminal penalties for violations; and clarify that any actions that would violate the above requirements are considered unofficial acts.