Cryptocurrencies
Congress's Secret Crypto Fans Will Now Have to Reveal Themselves
- Lawmaker disclosure rules apply to Bitcoin, House panel says
- Digital token holdings exceeding $1,000 must be reported
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Trading in Bitcoin and other cryptocurrencies is moving out of the shadows on Capitol Hill.
U.S. House members were advised this week that they must publicly reveal any digital token holdings worth more than $1,000, according to a June 18 memo issued by the House Ethics Committee. Lawmakers should include such investments in their annual financial disclosure reports, and also reveal any cryptocurrency sales or purchases that exceed $1,000 within 45 days of the transaction, the memo said.