Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support.
In a Monday letter addressed to Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, 27 members of the U.S. House of Representativesfor action “to prohibit members of Congress from owning or trading stocks.” Among the bipartisan group of lawmakers who signed onto the letter was Illinois congressperson Bill Foster, who is also a member of the Congressional Blockchain Caucus.
“It’s clear the current rules are not working,” said the letter to Pelosi and McCarthy. “Congress should close these loopholes by simply banning members from owning or trading individual stocks while in office. In addition to ensuring that members’ access to information doesn’t advantage them over the public when trading stocks, as the STOCK Act sought, this would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios.
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🤔 That laws originated/crafted by law makers - ie, Congress - are “no longer effective” in preventing Congress-persons from blatantly violating that law SPEAKS VOLUMES!!! 🤨🤷🏾♂️🤦🏾♂️😔
They will all start trading crypto
lol what is this propaganda…? Those are 2 separate issues. SpeakerPelosi is abusing the system&committing unfair practices against the people of the United States.if any of us did InsiderTrading we would be in jail! This is NOT about crypto you schill- how much they pay you?