Ethics: Ban on Selling Secret Government Information
A senate committee must act next: committee consideration.
While ethics bills are popular with voters, they often face tough opposition in a divided Congress. This bill was introduced by Democrats and lacks broad Republican support so far.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
The bill's definition of nonpublic information covers financial dealings and communications by the President or Vice President, which could include crypto-related ventures or announcements. If enacted, it would bar top officials and their family businesses from trading on secret information tied to digital assets, reducing the risk of insider-driven market manipulation that ordinary crypto investors could be harmed by.
“includes statements or other communications by a covered person made available via application programming interface or other means that are not made available to the general public on equal terms.”
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 536.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
The bill was officially filed and given a number. It now enters the legislative queue.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Sen. Alex Padilla introduced the Stop Corrupt Trading Act to block President Trump and VP JD Vance from profiting by selling early access to social media posts. The bill establishes criminal penalties, including prison time, for selling nonpublic government information.
Senator Alex Padilla introduced the Stop Corrupt Trading Act in response to a paid service for early access to Truth Social posts. The bill prohibits the president or vice president from selling advance access to official or social media statements.
The Stop Corrupt Trading Act would amend federal criminal law to bar a president or vice president from selling nonpublic information. Sellers would face fines up to twice the transaction's value and up to five years in prison.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Stop Corrupt Trading Act
Analysis generated by AI. Always verify with official sources.