Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision By Cointelegraph

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Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

Published Sep 23, 2022 05:25PM ET Updated Sep 25, 2022 08:00PM ET

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Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop hodling while in office should a bill get enough votes.

According to a framework released on Thursday, chair of the Committee on House Administration Zoe Lofgren — responsible for the day-to-day operations of the House — said she had a “meaningful and effective plan to combat financial conflicts of interest” in the U.S. Congress by restricting the financial activities of lawmakers and SCOTUS justices, as well as those of their spouses and children. The bill, if passed according to the framework, would suggest a change in policy following the 2012 passage of the Stop Trading on Congressional Knowledge Act, or STOCK Act, allowing members of Congress to buy, sell and trade stocks and other investments while in office, but also requiring them to disclose such transactions.

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En Tung Sep 25, 2022 11:45PM ET

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US 30	33,676.8	-86.0	-0.25%
US 500	4,294.2	+11.8	+0.28%
Dow Jones	33,673.46	-89.30	-0.26%
S&P 500	4,293.95	+11.58	+0.27%
Nasdaq	13,311.84	+71.07	+0.54%
S&P 500 VIX	14.89	+0.29	+1.99%
Dollar Index	103.970	+0.018	+0.02%

Crude Oil WTI	72.74	+1.00	+1.39%
Brent Oil	77.26	+1.13	+1.48%
Natural Gas	2.276	+0.104	+4.79%
Gold	1,974.75	+5.15	+0.26%
Silver	23.637	-0.110	-0.46%
Copper	3.7658	+0.0383	+1.03%
US Soybeans	1,348.50	-4.50	-0.33%

U.S. 10Y	3.704	+0.020	+0.55%
U.S. 30Y	3.900	+0.026	+0.69%
U.S. 5Y	3.854	+0.012	+0.32%
U.S. 3M	5.340	-0.053	-0.98%
US 10Y T-Note	113.75	-0.09	-0.08%
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Alphabet A	127.00	+2.33	+1.87%
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Amazon.com	125.02	+0.77	+0.62%
Netflix	411.67	+11.20	+2.80%
Meta Platforms	273.20	+0.59	+0.22%
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Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

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