US Congressman Ro Khanna Moves to Ban Crypto Ownership for Government Officials
US Congressman Ro Khanna is drafting legislation to prohibit the President, Vice President, members of Congress, and their immediate families from owning, trading, or creating cryptocurrencies. The proposed bill, dubbed the MOVE Act, seeks to eliminate conflicts of interest and restore public trust by severing ties between personal crypto investments and official government roles.
The legislation also takes aim at foreign cryptocurrency funding, with potential penalties for undisclosed holdings. This move underscores mounting scrutiny over digital assets' intersection with political ethics and governance.
While no specific cryptocurrencies are named in the proposal, the broad prohibition WOULD impact all digital assets. The measure reflects growing regulatory attention on crypto's role in both financial markets and political transparency.
