Rep. Waters Introduces Bill to Ban Elected Officials and Families From Promoting Crypto
This bill was recently introduced and is currently being reviewed by the House Committee on Financial Services. It is in the early stages of the lawmaking process and is considered active. There are no upcoming votes or hearings scheduled at this time.
This bill is led by one party and specifically targets the business activities of political rivals, making it very unlikely to get the support needed to pass.
Crypto startups and digital asset companies would lose the ability to partner with or compensate elected officials and their families. Companies required to file with the SEC would be barred from transacting in digital assets on behalf of covered individuals. This narrows some business relationships but could create a fairer playing field by removing political favoritism from the industry.
“An issuer required to file reports with the Securities and Exchange Commission under section 13 of the Securities Exchange Act of 1934 may not issue or sell, or otherwise transact with respect to, a digital asset on behalf of a covered individual.”
Referred to the House Committee on Financial Services.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
Rep. Maxine Waters introduced the 'Stop TRUMP in Crypto Act of 2025' just hours before President Trump hosted a gala for $TRUMP token holders. The bill would ban the president, vice president, and members of Congress from launching or owning crypto assets while in office.
The Stop TRUMP in Crypto Act of 2025 would bar top White House officials from issuing or promoting digital assets, earning profits from crypto ventures, and trading based on non-public information. Democrats argue Trump's activity opens the door for foreign actors to buy influence.
H.R. 3573, the Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act, proposes prohibiting sitting elected officials and their immediate families from owning or promoting crypto businesses. It targets what Democrats call 'clear conflicts of interest' in the Trump administration.
Document Type
Congressional Bill
Official Title
Stop TRUMP in Crypto Act of 2025
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