Alexandria Ocasio-Cortez says US lawmakers should not maintain crypto to ‘stay neutral’
Democratic lawmaker Alexandria Ocasio-Cortez mentioned Monday that she avoids any and all investments which might doubtlessly characterize a battle of curiosity, together with crypto — and believes her fellow lawmakers ought to do the identical.
She defined that as a member of the House of Representatives’ Financial Services Committee, she felt it was inappropriate for her to carry Bitcoin (BTC) or different digital property, as a result of lawmakers have entry to “sensitive information and upcoming policy.”
“I do not believe members of Congress should hold/trade individual stock and I choose not to hold any so I can remain impartial about policy making,” mentioned AOC. “I also extend that to digital assets/currencies […] I want to do my job as ethically and impartially as I can.”
AOC, a progressive lawmaker who has served within the U.S. authorities since 2019, has advocated for rich people to pay extra in federal taxes, spoken out on sexism in Congress, and referred to as for the cancellation of scholar mortgage debt. She can also be a member of a gaggle of six House members identified colloquially as ‘The Squad’.
Though members of Congress are permitted to purchase, promote, and commerce shares and different investments whereas in workplace, they’re additionally sure by the Stop Trading on Congressional Knowledge Act, or STOCK Act, handed in 2012, which requires them to report any buy, sale, or exchange over $1,000 inside 30 to 45 days. However, many federal judges and lawmakers have reportedly flouted the regulation by not disclosing sure investments.
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In the case of crypto within the palms of congressional members, it will appear to be an possibility to trace investments utilizing a public blockchain database, so each House and Senate management might keep away from putting lawmakers ready the place they might be figuring out coverage on crypto and blockchain if seen as a battle of curiosity. Senator Cynthia Lummis has reported shopping for BTC price between $50,001 and $100,000 in August, however regardless of being overtly pro-crypto earlier than being sworn into workplace, served on the Senate Banking Committee.