U.S. Lawmaker Wants Ethics Committee to Form Bitcoin Disclosure Guidelines

                                                                                      House Representative Jared Polis: 
                                           ‘Government Employees Should Report Any Virtual Currency Holdings’

U.S. Lawmaker Wants Ethics Committee to Form Bitcoin Disclosure GuidelinesU.S. bureaucrats are ramping up efforts to try and regulate the decentralized currency bitcoin and the slew of other cryptocurrencies that exist. On February 5, the House Representative Jared Polis who is known as “bitcoin-friendly,” submitted a request that urges the House Committee on Ethics (HCE) to provide guidance on how politicians can disclose their digital asset holdings. Polis states that in a lot of U.S. territories digital assets are defined as securities or commodities, and U.S. politicians are already required to declare traditional assets. Polis says it is “critical” that the HCE provide this type of guidance to government employees.

“Members of Congress and covered employees are already required to report certain asset holdings over certain amounts, including reporting any commodities holding over $1,000,” Polis argues in his petition to the HCE.