[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 849 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. RES. 849
Calling to ban the use of public office for personal enrichment through
cryptocurrency ventures and calling for measures to prevent conflicts
of interest and foreign influence in politicians' digital asset
activities.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 31, 2025
Mr. Khanna (for himself, Ms. Ansari, Mr. Fields, Mr. McGovern, Ms.
Norton, Mr. Sherman, Mr. Smith of Washington, Ms. Tlaib, Mr. Tonko, and
Mrs. Watson Coleman) submitted the following resolution; which was
referred to the Committee on Financial Services, and in addition to the
Committees on Oversight and Government Reform, House Administration,
and the Judiciary, for a period to be subsequently determined by the
Speaker, in each case for consideration of such provisions as fall
within the jurisdiction of the committee concerned
_______________________________________________________________________
RESOLUTION
Calling to ban the use of public office for personal enrichment through
cryptocurrency ventures and calling for measures to prevent conflicts
of interest and foreign influence in politicians' digital asset
activities.
Whereas this resolution may be cited as the ``Ban Crypto Corruption
Resolution'';
Whereas members of President Trump's family have built a network of opaque and
largely unregulated crypto enterprises, including digital trading cards,
memecoins, stablecoins, tokens, and decentralized finance platforms tied
to their names and likenesses;
Whereas, since first seeking public office, President Donald J. Trump and his
family have amassed billions of dollars in wealth from cryptocurrency-
related ventures and investments;
Whereas President Trump's family amassed up to $5,000,000,000 right after
launching a new digital currency while President Trump held office;
Whereas the President's share of Trump Media & Technology Group, the parent
company of Truth Social and a Bitcoin treasury business, is now worth
$1,900,000,000;
Whereas the President's son, Eric Trump, said the true figure was ``probably
more'';
Whereas President Trump pardoned convicted criminal and founder of the u78crypto
exchange Binance, Changpeng Zhao, after Zhao offered to enter a business
deal with President Trump's family, after monthslong efforts by Binance
to lobby the White House and allies of the President, after the company
and its affiliates made significant financial and promotional
contributions to the President's family, including World Liberty
Financial, and after representatives of the President's family held
discussions to take a financial stake in Binance;
Whereas President Trump used the powers of his office and access to him to
promote and boost the value of his crypto ventures, including by
announcing and hosting a private dinner for the top 220 holders of his
memecoin this May that reportedly generated $324,000,000 in purchases of
the President's memecoin and an additional $900,000 in transaction fees
within just the first 2 days of the contest's announcement;
Whereas substantial foreign investment has flowed into Trump-linked crypto
projects from entities tied to foreign nations, including the Abu Dhabi-
owned firm MGX, which purchased $2,000,000,000 of a Trump-backed
stablecoin, and the United Arab Emirates-based Aqua 1 Foundation, which
acquired $100,000,000 in World Liberty Financial tokens;
Whereas Chinese-born crypto billionaire Justin Sun, who faces allegations of
fraud and market manipulation by the United States Securities and
Exchange Commission, invested $75,000,000 in World Liberty Financial and
dined with the President shortly thereafter; and
Whereas such transactions raise serious concerns regarding conflicts of
interest, self-enrichment, and foreign influence over the conduct of
United States policy: Now, therefore, be it
Resolved, That the House of Representatives supports legislation
to--
(1) 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;
(2) 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;
(3) 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;
(4) 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;
(5) establish civil and criminal penalties for violations;
and
(6) clarify that any actions that would violate the above
requirements are considered unofficial acts.
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