US Congress members ordered to disclose crypto investments

The United States Congress officials will have to report all cryptocurrency income, purchases and sales in the next 45 days after a transaction was made.

A corresponding notice has been cited in the media, it is available online on the official website of the U.S. House of Representatives Ethics Committee. In the document, the Committee classifies digital currencies as “other forms of securities”. From now on, they are to be reported in the Financial Disclosure Statements (FD) and on Periodic Transaction Reports (PTRs).

As for ICOs, the organization thinks that while it is currently not prohibited to participate in them for the civil servants, they will be better off consulting with the Committee before making any steps towards such offerings.

This is a major step towards the indirect recognition of digital currencies as having their own store of value, although the United States Marshals already sold digital assets confiscated from criminals several times.

As noted by NewsBTC, Australia has got ahead of America in this regard by several months, recommending politicians to tell about their crypto activities just as they previously declared usual investments in the register of interests.

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