The U.S. House of Representatives has introduced a resolution calling for a ban on officials using their position to profit from cryptocurrency.

BlockBeats News, November 4th, according to the U.S. Congress website, U.S. California Congressman Ro Khanna introduced a resolution on October 31st numbered H.Res.849, calling for a ban on public officials using cryptocurrency-related activities for personal gain and advocating for the establishment of a regulatory mechanism to prevent conflicts of interest and foreign influence.

The resolution has been submitted to the House Financial Services Committee, the Committee on Oversight and Reform, the House Administration Committee, and the Judiciary Committee for review. The document points out the need to enhance transparency and regulation of politicians' digital asset activities to ensure the fairness of policy-making and public trust.