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Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

Coin Telegraph LogoCoin Telegraph6d ago

Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision - Coin Telegraph

Quick Summary:

A bill based on the proposed framework banning crypto investments could help to "restore the public's faith and trust in their public officials," according to Zoe Lofgren.

Under the STOCK Act, lawmakers are required to report the purchase, sale or exchange of any investment over $1,000 within 30 to 45 days but the law provides minimal financial and legal consequences for not filing in time — sometimes as little as a $200 late fee.

Senators Jon Ossoff and Mark Kelly proposed similar reforms for the STOCK Act in the Senate in January, but there has been no movement on the bill in more than 8 months.


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Article Details

Author / Journalist: Cointelegraph By Turner Wright

Category: Crypto

Topics: United states Trading Cryptocurrencies Regulation Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 22:25:00

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 4 minutes read

Article Length: 625 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 500901

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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