Many United States lawmakers from both sides of the aisle have at one point expressed support for legislation banning members from investing in stocks or cryptocurrencies — an initiative the 118th Congress could address following a shift in leadership.
Beginning on Jan. 3 as the next session of the U.S. Congress opens, Republicans will take control of the House of Representatives with a slim majority following the 2022 Midterms, while Democrats will maintain a majority in the Senate. Kevin McCarthy, a Republican representative in contention to be the next speaker of the House, reportedly said in January 2022 that he would consider an outright ban on lawmakers holding and trading stocks — a measure that presumably could extend to crypto — should his party flip the chamber.