Bans lawmakers and candidates from trading digital assets like crypto, requiring blind trusts.
This bill would stop the President, Vice President, members of Congress, and candidates for these offices from buying or selling digital assets like cryptocurrency. It would require them to put any digital assets they already own into a special blind trust and would create penalties for those who do not follow the rules.
Today, no specific laws prevent the President, Vice President, members of Congress, or candidates from trading digital assets like cryptocurrency. They also don't have to put these assets into blind trusts. If this bill becomes law, these individuals would be banned from such transactions. This ban applies during their candidacy, time in office, and for one year after leaving. They would also have to place any existing digital assets into approved blind trusts, and could face fines up to $250,000 or even prison for violations.
HR 3849 · 119th Congress · June 9, 2025 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.