What does Preamble of Stop TRUMP in Crypto Act of 2025 do?

This bill, formally titled 'To establish certain digital asset prohibitions with respect to elected Government officials, and for other purposes,' aims to establish prohibitions related to digital assets for elected government officials.

What does SHORT TITLE. of Stop TRUMP in Crypto Act of 2025 do?

This bill is formally titled the 'Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025'.

What does PROHIBITION ON COVERED INDIVIDUALS IN CONNECTION WITH DIGITAL of Stop TRUMP in Crypto Act of 2025 do?

This section prohibits covered individuals from owning or controlling digital assets Covered individuals are restricted from serving as officers, directors, or owners of digital asset issuers They are also prohibited from issuing, sponsoring, or promoting digital assets in the US Trading digital assets with material non-public information is forbidden for covered individuals Companies required to file reports with the SEC cannot transact digital assets on behalf of covered individuals

What does PROHIBITION ON INDIRECT PARTICIPATION THROUGH INTERMEDIARIES of Stop TRUMP in Crypto Act of 2025 do?

This section prohibits covered individuals from taking prohibited actions through intermediaries. It defines beneficial ownership and applies prohibitions to covered individuals with indirect digital asset holdings. A look-through requirement applies to disclose indirect holdings or concealed beneficial ownership.

What does DEFINITIONS. of Stop TRUMP in Crypto Act of 2025 do?

This section defines key terms used within the Act. A 'covered individual' is defined as the President, Vice President, a Member of Congress, or their spouse, child, son-in-law, or daughter-in-law. A 'digital asset' is defined as any digital representation of value recorded on a cryptographically-secured distributed ledger, including stablecoins, memecoins, and related financial products. The definition of 'digital asset' includes futures, options, swaps, securities, trusts, yield-bearing products, non-fungible tokens, and decentralized autonomous organization tokens. A 'distributed ledger' is defined as technology where data is shared across a network creating a digital ledger of verified transactions. A 'Member of Congress' is defined as a Senator or Representative in Congress, or a Delegate or Resident Commissioner to Congress.

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Stop TRUMP in Crypto Act of 2025

Last updated: 5/21/2025 · Introduced: 5/21/2025

Author: Maxine Waters (D-CA)

TL;DR (AI)

This bill prohibits specified government officials, including the President, Vice President, and members of Congress, from owning or controlling digital assets.
It restricts these officials from participating in digital asset-related activities, such as issuing, sponsoring, or trading digital assets, even through intermediaries or indirect holdings.
The bill defines 'digital asset' broadly to encompass various forms of crypto assets, including stablecoins, NFTs, and tokens associated with decentralized organizations.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 3 more.

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