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Ban on Crypto Trading for Lawmakers and Candidates

This new bill aims to restrict the ability of the President, Vice President, Senators, Representatives, and candidates for these offices from trading digital assets like cryptocurrencies. This is intended to prevent the use of confidential information for personal financial gain. Citizens can expect greater transparency and trust in the actions of their representatives.
Key points
Prohibition on trading digital assets (cryptocurrencies) for politicians and candidates for key federal positions.
Requirement to place owned digital assets into special, independent blind trusts.
High financial penalties (up to $250,000) and prison sentences (up to 18 years) for violating the ban.
All transactions inconsistent with the act will be considered unofficial acts, not official duties, meaning no immunity.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3849
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2025-06-09
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

STABLE GENIUS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3849.

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 2025-06-09.

What are the main provisions?

Key points include:

  • Prohibition on trading digital assets (cryptocurrencies) for politicians and candidates for key federal positions.
  • Requirement to place owned digital assets into special, independent blind trusts.
  • High financial penalties (up to $250,000) and prison sentences (up to 18 years) for violating the ban.
  • All transactions inconsistent with the act will be considered unofficial acts, not official duties, meaning no immunity.
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. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

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