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Analyze HRES849 - Ban Crypto Corruption Resolution | DoTheySupportIt

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Analyze HRES849 - Ban Crypto Corruption Resolution

HRES849

Ban Crypto Corruption Resolution

This House Resolution aims to prevent personal enrichment through cryptocurrency ventures by public officials and their families, addressing concerns about conflicts of interest and foreign influence. It proposes measures such as prohibiting the issuance or endorsement of digital assets by these individuals, requiring their digital asset holdings to be placed in blind trusts, banning foreign investment in their crypto projects, and mandating disclosure of all cryptocurrency transactions, with civil and criminal penalties for violations.

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