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Ban on Foreign Adversary Interference in US Crypto Markets

New rules aim to protect the US cryptocurrency market from the influence of entities from countries deemed foreign adversaries. This means that crypto trading platforms owned or controlled by such entities will not be allowed to operate in the US. The goal is to enhance the security and stability of the digital asset market for citizens.
Key points
Prohibits registration and operation of cryptocurrency platforms linked to foreign adversaries (e.g., China, Russia, Iran, North Korea, Cuba, Venezuela).
Existing platforms acquired by such entities will have their registrations revoked.
Aims to protect US investors and the digital commodity market from undesirable influences.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1223
Sponsor: Sen. Tuberville, Tommy [R-AL]
Process start date: 2025-04-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1223.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-01.

What are the main provisions?

Key points include:

  • Prohibits registration and operation of cryptocurrency platforms linked to foreign adversaries (e.g., China, Russia, Iran, North Korea, Cuba, Venezuela).
  • Existing platforms acquired by such entities will have their registrations revoked.
  • Aims to protect US investors and the digital commodity market from undesirable influences.
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 Sen. Tuberville, Tommy [R-AL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Security