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Crypto Ban for Government Officials and Their Families

This new act aims to prevent corruption by prohibiting the President, Vice President, Members of Congress, and Senate-confirmed appointees, as well as their spouses and dependent children, from issuing, sponsoring, or endorsing cryptocurrencies and similar digital assets. This is intended to increase public trust in government and prevent conflicts of interest. Violations can lead to financial penalties and imprisonment.
Key points
The ban covers issuing, sponsoring, and endorsing cryptocurrencies, tokens, NFTs, and stablecoins by officials and their families.
The prohibition applies during their term of service and for one year after its termination.
Violations can result in significant financial penalties, disgorgement of profits, and even up to 5 years in prison.
The act seeks to enhance transparency and integrity in public service.
article Official text account_balance Process page
Placed on Calendar
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1668
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2025-05-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End Crypto Corruption Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1668.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-08.

What are the main provisions?

Key points include:

  • The ban covers issuing, sponsoring, and endorsing cryptocurrencies, tokens, NFTs, and stablecoins by officials and their families.
  • The prohibition applies during their term of service and for one year after its termination.
  • Violations can result in significant financial penalties, disgorgement of profits, and even up to 5 years in prison.
  • The act seeks to enhance transparency and integrity in public service.
What is the specific legal status?

The current status is Placed on Calendar.

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. Merkley, Jeff [D-OR].

What is the latest detailed status?

The latest detailed status is: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.

Is this summary verified?

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

CATEGORIES

Courts and Law Economy