Sen. Durbin Introduces No Crypto in Social Security Act to Ban Digital Asset Investments
This bill would protect Social Security Trust Funds — which pay retirement, disability, and survivor benefits to about 70 million Americans — from being invested in volatile cryptocurrency markets. By legally banning crypto investments, it aims to shield the fund from sudden market crashes that could reduce the money available for benefits. Currently, the Trust Funds invest only in special-issue U.S. Treasury securities, and this bill would ensure that crypto never becomes an option.
“Such investment may not be made in any digital asset or any crypto-related investment.”
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Read twice and referred to the Committee on Finance. (text: CR S1049)
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
No votes have been recorded for this legislation yet.
Senator Dick Durbin introduced the No Crypto in Social Security Act to protect the $2.56 trillion trust fund from being invested in volatile digital assets. The bill is a response to the crypto market's 45% decline since October 2025 and efforts to expand crypto's role in the economy.
The No Crypto in Social Security Act specifically states that cryptocurrency or any asset whose value is tied to digital assets should not be eligible investments. The legislation is a public rebuke of President Trump's support for digital assets and recent executive orders.
Senator Dick Durbin introduced a bill to prevent Social Security funds from being invested in cryptocurrencies. While funds are currently held in U.S. Treasurys, the bill aims to ensure they are never gambled on risky assets like crypto, which saw a massive market drop recently.
Document Type
Congressional Bill
Official Title
No Crypto in Social Security Act
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