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Ban on Digital Asset Trading for Lawmakers and Candidates

New rules aim to prevent conflicts of interest by prohibiting politicians and federal candidates from owning or trading digital assets. This is intended to increase public trust and ensure legislative decisions are not driven by personal investment gains. Citizens can expect greater transparency in their representatives' finances.
Key points
Politicians and federal candidates cannot buy, sell, or hold digital assets (e.g., cryptocurrencies) during their term, election campaigns, and for one year after leaving office.
Existing digital assets can be placed in a special, ethics-office-approved blind trust, which must divest them within 6 months.
Violations can lead to significant financial penalties (up to $250,000) and disgorgement of profits, and in cases of large losses to others or substantial personal benefit, even imprisonment.
Information about politicians' blind trusts will be publicly available, increasing financial transparency.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1803
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2025-05-19
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_S_1803.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-19.

What are the main provisions?

Key points include:

  • Politicians and federal candidates cannot buy, sell, or hold digital assets (e.g., cryptocurrencies) during their term, election campaigns, and for one year after leaving office.
  • Existing digital assets can be placed in a special, ethics-office-approved blind trust, which must divest them within 6 months.
  • Violations can lead to significant financial penalties (up to $250,000) and disgorgement of profits, and in cases of large losses to others or substantial personal benefit, even imprisonment.
  • Information about politicians' blind trusts will be publicly available, increasing financial transparency.
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. Bennet, Michael F. [D-CO].

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

Courts and Law Economy