After the reported contributions from FTX to many US lawmakers, are the days of members of Congress trading stocks and crypto coming to an end?
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 crypto — 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.
It’s unclear at the time of publication whether McCarthy has the votes to assume leadership of the House — a process which will likely begin starting Jan. 3. However, many haveMembers of Congress should not own or trade individual stocks. And neither should their spouses.
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