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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.
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Status: Placed on Calendar
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Additional Information
Print number: 119_S_1668
Sponsor: Sen. Merkley, Jeff [D-OR]
Process start date: 2025-05-08
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
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.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy