No Crypto in Social Security Act

This bill seeks to amend the Social Security Act to explicitly prohibit the Social Security Trust Funds from investing in digital assets or any crypto-related investments. It specifically modifies Section 201(d) to prevent such investments, aiming to protect the stability and security of the funds.

The legislation provides a comprehensive definition for "crypto-related investment," encompassing investment funds linked to futures on digital assets or their indices. It also includes stocks or bonds of public companies that substantially derive their value from digital asset holdings or primarily generate revenue from digital asset-related services, such as issuance, trading, or custody. Furthermore, any other asset or investment whose value is tied to or derived from digital assets is also prohibited from being part of the trust funds' portfolio.