This legislation aims to prevent conflicts of interest by prohibiting specific financial transactions involving digital assets for high-ranking government officials. The bill defines covered individuals to include the President, Vice President, Members of Congress, individuals in Senate-confirmed positions, and certain special Government employees, extending these prohibitions to their spouses and dependent children. The core prohibition targets the issuance, sponsorship, or endorsement of cryptocurrencies, meme coins, tokens, non-fungible tokens (NFTs), stablecoins, or other digital assets sold for remuneration. This also encompasses comparable financial interests acquired through synthetic means, such as derivatives, or through aggregated investment vehicles like mutual funds or exchange-traded funds. These restrictions are active during the individual's term of service and for a period of one year following its termination. However, the bill explicitly excludes the mere purchase, sale, or holding of financial instruments or assets routinely accessible to the general public. Violations of these prohibitions can result in significant consequences, including civil monetary penalties of up to 10 percent of the financial interest's value or the financial gain, whichever is greater, along with the disgorgement of any profits to the U.S. Treasury. Furthermore, knowing violations may lead to criminal charges, fines, and imprisonment for up to five years, particularly if they involve substantial financial loss or bribery, with such conduct deemed outside the scope of official duties for immunity purposes.
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Timeline
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Introduced in Senate
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Introduced in Senate
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.
Government Operations and Politics
End Crypto Corruption Act of 2025
USA119th CongressS-1668| Senate
| Updated: 5/8/2025
This legislation aims to prevent conflicts of interest by prohibiting specific financial transactions involving digital assets for high-ranking government officials. The bill defines covered individuals to include the President, Vice President, Members of Congress, individuals in Senate-confirmed positions, and certain special Government employees, extending these prohibitions to their spouses and dependent children. The core prohibition targets the issuance, sponsorship, or endorsement of cryptocurrencies, meme coins, tokens, non-fungible tokens (NFTs), stablecoins, or other digital assets sold for remuneration. This also encompasses comparable financial interests acquired through synthetic means, such as derivatives, or through aggregated investment vehicles like mutual funds or exchange-traded funds. These restrictions are active during the individual's term of service and for a period of one year following its termination. However, the bill explicitly excludes the mere purchase, sale, or holding of financial instruments or assets routinely accessible to the general public. Violations of these prohibitions can result in significant consequences, including civil monetary penalties of up to 10 percent of the financial interest's value or the financial gain, whichever is greater, along with the disgorgement of any profits to the U.S. Treasury. Furthermore, knowing violations may lead to criminal charges, fines, and imprisonment for up to five years, particularly if they involve substantial financial loss or bribery, with such conduct deemed outside the scope of official duties for immunity purposes.