Ban Crypto Corruption Resolution

HRES 849, the "Ban Crypto Corruption Resolution," would prohibit current and prospective federal elected officials (including the President, Vice President, Members of Congress, and their immediate families) from creating, endorsing, or holding digital assets like cryptocurrencies, memecoins, or NFTs. It requires these individuals to place existing digital assets in a blind trust during their service and for two years afterward, mandates full public disclosure of all crypto transactions, and bans foreign investment in politician-linked digital ventures. The resolution also establishes civil and criminal penalties for violations and clarifies that any personal crypto activities would be deemed unofficial acts. This applies broadly to all covered officials, aiming to prevent conflicts of interest, self-enrichment, and foreign influence through digital asset activities.