President Biden proposes ban on congressional stock trading: Report
President Joe Biden supports banning members of Congress from trading stocks while in office, stating that no one in Congress should profit from the stock market during their tenure. Proposed legislation to prevent trading by the President, Vice President, and Congress has received bipartisan backing. A July agreement aimed to restrict trading in various financial instruments, including cryptocurrencies. Biden, who did not trade stocks during his Senate career, has not extensively commented on cryptocurrency but initiated a regulatory framework for digital assets in 2022. Concerns about potential conflicts of interest arise with members of Congress holding significant crypto investments. The report does not clarify Biden's stance on stock trading bans for Supreme Court justices, who currently face scrutiny over potential conflicts of interest.
