Lawmakers from both sides of the aisle in the United States House of Representatives have backed a bill prohibiting members of Congress and their spouses and dependents from trading or owning certain financial instruments — which could extend to investments in digital assets.

In a May 2 announcement, Democratic Representatives Alexandria Ocasio-Cortez (AOC) and Raja Krishnamoorthi, as well as Republican Representatives Brian Fitzpatrick and Matt Gaetz, introduced the Bipartisan Restoring Faith in Government Act. An April 28 draft of the bill proposed amending U.S. laws applying to congressional members to prohibit ownership of securities, securities futures, and commodities, as well as limiting owning or trading certain assets.

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