Representative Ro Khanna (D-Calif.) has introduced a new House resolution aimed at preventing top U.S. officials, including the President, Vice President, and Members of Congress, from issuing, sponsoring, or endorsing any form of cryptocurrency or digital asset.
In an interview with Fox News Digital on Wednesday, Khanna said the proposal seeks to reinforce ethical standards and eliminate potential conflicts of interest among public officials.
“No one should be in elective office to profit off their position,” Khanna stated.
The resolution would formally declare the House’s support for legislation barring the creation or promotion of digital assets, a category that includes cryptocurrencies, memecoins, stablecoins, tokens, NFTs, and DeFi platforms, by elected officials, executive branch leaders, and their immediate family members.
Focus on Ethics and Public Trust
The initiative underscores growing scrutiny over the intersection of politics and crypto, especially after several instances where politicians or their families were linked to digital asset projects.
If adopted, the measure would extend prohibitions to high-ranking executive branch employees and special government workers, ensuring that influence and public trust remain separated from potential crypto-related financial interests.
Khanna’s proposal does not directly ban cryptocurrency ownership by lawmakers but targets endorsement and sponsorship activities, aiming to prevent public officials from leveraging their political standing for personal or promotional gain.
Broader Implications for Crypto and Policy
The resolution adds to the broader debate on how Washington should regulate the rapidly evolving digital asset space. While some lawmakers view blockchain innovation as a strategic industry, Khanna’s move highlights ongoing concerns about transparency and self-dealing among government figures.
The initiative may also serve as a precedent for future ethics legislation as Congress continues to navigate the balance between crypto innovation and government accountability.