A local lawmaker has introduced a bipartisan bill to tighten House and Senate ethics guidelines concerning cryptocurrency.
U.S. Rep. Elissa Slotkin (D-Lansing) announced Wednesday that she, along U.S. Rep. Dusty Johnson (S.D.- at-large), had introduced the Cryptocurrency Accountability Act, which would require Members of Congress to disclose all cryptocurrency holdings and transactions for themselves, their spouses, and their dependent children.
“As new things come along like cryptocurrencies, Members of Congress have already started to invest in them,” said Rep. Slotkin. “My bill will require them to publicly disclose cryptocurrency holdings and trades. The body that is set to provide oversight of Crypto should have to publicly declare their own investments.”
As Chair of the House Subcommittee on Intelligence and Counterterrorism, Slotkin says she plans to also hold a hearing next week focused on cryptocurrencies and ways to ensure they don’t jeopardize U.S. national security interests.
The full text of the Cryptocurrency Accountability Act can be found HERE.