Referred to the House Committee on Financial Services.
This bill bars covered federal officials (President, Vice President, Members of Congress) and certain close relatives from holding controlling interests in or serving as officers/owners of digital-asset issuers, from issuing, promoting, or receiving compensation related to digital assets, and from trading digital assets while possessing material non-public information. It prohibits SEC-reporting issuers transacting in digital assets on behalf of covered individuals, establishes anti-evasion and beneficial-ownership look-through rules (including a 5% ownership threshold and trust coverage), defines digital asset broadly (stablecoins, memecoins, derivatives, DeFi, NFTs, DAOs), and applies criminal penalties pursuant to 18 U.S.C. 216 analogous provisions.
Progressives emphasize anti-corruption and close look-through protections
Relative to its intended legislative type, this bill establishes clear substantive prohibitions and includes several relevant definitions and anti-evasion rules, but it omits key implementation and oversight specifics.
This bill bars covered federal officials (President, Vice President, Members of Congress) and certain close relatives from holding controlling interests in or serving as officers/owners of digital-asset issuers, from issuing, promoting, or receiving compensation related to digital assets, and from trading digital assets while possessing material non-public information.
It prohibits SEC-reporting issuers transacting in digital assets on behalf of covered individuals, establishes anti-evasion and beneficial-ownership look-through rules (including a 5% ownership threshold and trust coverage), defines digital asset broadly (stablecoins, memecoins, derivatives, DeFi, NFTs, DAOs), and applies criminal penalties pursuant to 18 U.S.C. 216 analogous provisions.
Substantive ethics restrictions could win some support, but partisan branding, broad scope, litigation risk, and lack of compromise features lower enactment odds.
Relative to its intended legislative type, this bill establishes clear substantive prohibitions and includes several relevant definitions and anti-evasion rules, but it omits key implementation and oversight specifics.
Progressives emphasize anti-corruption and close look-through protections
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize anti-corruption and close look-through protections
Likely favorable: the bill targets conflicts of interest, insider trading, and influence-peddling tied to crypto, aligning with strong anti-corruption goals.
Supporters will view the broad definitions as necessary to close crypto-specific loopholes and protect public trust.
Cautiously supportive: the bill addresses important conflict-of-interest issues but is operationally broad.
Moderates will want clearer definitions, implementation timelines, and coordination with SEC/other agencies to limit unintended consequences.
Likely critical: views will emphasize property rights, federal overreach, and overly broad definitions that restrict lawful private investing.
Conservatives may also see the bill's title and scope as politically targeted, calling for narrower, rights-protecting measures.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Substantive ethics restrictions could win some support, but partisan branding, broad scope, litigation risk, and lack of compromise features lower enactment odds.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize anti-corruption and close look-through protections
Substantive ethics restrictions could win some support, but partisan branding, broad scope, litigation risk, and lack of compromise feature…
Relative to its intended legislative type, this bill establishes clear substantive prohibitions and includes several relevant definitions and anti-evasion rules, but it omits key implementation and oversight specifics.
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.