California Congressman Ro Khanna proposed a resolution to prohibit politicians from issuing and trading digital assets

According to Fox, California Democratic Congressman Ro Khanna has proposed and is pushing a resolution that supports House legislation to prohibit the President, Vice President, members of Congress, candidates for public office, public officials, senior executive branch employees, and special government employees, as well as their immediate family members, from issuing, sponsoring, or endorsing digital assets (including cryptocurrencies, meme coins, stablecoins, tokens, NFTs, digital trading cards, and DeFi platforms).

The resolution also advocates for requiring elected officials, candidates, and their immediate family members to transfer their digital assets into a blind trust that cannot be accessed during the politician's campaign, term, and for two years after leaving office. The resolution further supports requiring politicians, candidates, and their families to "fully and promptly disclose all cryptocurrency transactions."

Fox reports that, due to the Republican majority in the House, the resolution is unlikely to pass. Furthermore, even if the resolution passes, it would need to go through the legislative process to be incorporated into law.