Torres Bill Aims to Ban Federal Officials from Crypto Trading

A new bill proposed by Representative Ritchie Torres seeks to prohibit federal officials from owning or trading cryptocurrencies while in office. The legislation aims to close potential conflicts of interest and expand financial ethics rules to include digital assets.

• The bill would apply to Congress members, executive branch officials, and federal regulators, prohibiting crypto ownership or trading.
• It mandates disclosure of digital asset holdings to prevent conflicts of interest in policymaking.
• Critics doubt its passage, citing political challenges, while supporters see it as a necessary update to financial ethics rules.

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