Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.
The bill bars the President, Vice President, Members of Congress, Senate‑confirmed appointees, and certain EOP special government employees (and their spouses/children) from issuing, sponsoring, or endorsing cryptocurrencies, tokens, NFTs, stablecoins, or comparable digital assets sold for remuneration. The prohibition covers direct and indirect interests during service and for one year after, with civil penalties, disgorgement, and criminal penalties (including fines and up to five years imprisonment) for knowing violations; bribery provisions apply when illicit things of value are involved.
Liberty vs anti-corruption: conservatives stress freedom, progressives stress corruption prevention
Relative to its intended legislative type, this bill is a substantive policy change that is fairly well-specified in defining covered actors, prohibited categories, temporal scope, and enforcement authorities and penalties.
The bill bars the President, Vice President, Members of Congress, Senate‑confirmed appointees, and certain EOP special government employees (and their spouses/children) from issuing, sponsoring, or endorsing cryptocurrencies, tokens, NFTs, stablecoins, or comparable digital assets sold for remuneration.
The prohibition covers direct and indirect interests during service and for one year after, with civil penalties, disgorgement, and criminal penalties (including fines and up to five years imprisonment) for knowing violations; bribery provisions apply when illicit things of value are involved.
The statute excludes routine public-market purchases or holdings and treats prohibited conduct as outside official duties for immunity purposes.
Substantive anti‑corruption aim aids support, but novel criminal provisions, broad definitions, legal concerns, and industry resistance lower likelihood.
Relative to its intended legislative type, this bill is a substantive policy change that is fairly well-specified in defining covered actors, prohibited categories, temporal scope, and enforcement authorities and penalties. It lacks explicit problem findings, fiscal/resource acknowledgements, detailed procedural implementation steps, and comprehensive handling of edge cases and definitional ambiguities.
Liberty vs anti-corruption: conservatives stress freedom, progressives stress corruption prevention
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberty vs anti-corruption: conservatives stress freedom, progressives stress corruption prevention
This persona will generally support the bill as an anti‑corruption and ethics reform measure that closes a niche loophole allowing officials to profit from promoting or issuing digital assets.
They view the post‑service restriction and civil/criminal penalties as useful deterrents, while urging careful implementation to protect free expression and avoid loopholes.
A centrist will view the bill as broadly reasonable ethics reform that addresses a real corruption risk but has implementation risks.
They will welcome prohibitions and penalties but worry about vague language, prosecutorial discretion, and unintended consequences for ordinary speech or post-service employment.
This persona will likely oppose the bill as federal overreach that restricts private activity, free expression, and entrepreneurship by public officials and their families.
They will be particularly critical of broad criminal liability, removal of immunity, and lack of required intent for some offenses.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Substantive anti‑corruption aim aids support, but novel criminal provisions, broad definitions, legal concerns, and industry resistance lower likelihood.
The bill has not accumulated any surfaced votes yet.
Liberty vs anti-corruption: conservatives stress freedom, progressives stress corruption prevention
Substantive anti‑corruption aim aids support, but novel criminal provisions, broad definitions, legal concerns, and industry resistance low…
Relative to its intended legislative type, this bill is a substantive policy change that is fairly well-specified in defining covered actors, prohibited categories, temporal scope, and enforcement authorities and penalt…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.