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Crypto Trading Ban for Government Officials and Their Families

This new law aims to restrict the ability of selected government officials and their close family members to own and trade cryptocurrencies. The goal is to prevent the use of confidential information for personal financial gain. Citizens can expect greater transparency in the actions of high-ranking public officials.
Key points
The President, Vice President, Members of Congress, and their spouses and children will be prohibited from owning cryptocurrencies in a way that gives them control.
These officials cannot own or manage crypto-issuing companies, nor receive compensation for their sale or promotion.
The ban includes trading digital assets if the official possesses material non-public information that could affect their value.
The act aims to prevent circumvention of rules through intermediaries like trusts or corporations.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3573
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2025-05-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Stop TRUMP in Crypto Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3573.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-21.

What are the main provisions?

Key points include:

  • The President, Vice President, Members of Congress, and their spouses and children will be prohibited from owning cryptocurrencies in a way that gives them control.
  • These officials cannot own or manage crypto-issuing companies, nor receive compensation for their sale or promotion.
  • The ban includes trading digital assets if the official possesses material non-public information that could affect their value.
  • The act aims to prevent circumvention of rules through intermediaries like trusts or corporations.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Courts and Law Economy