Sen. Ossoff Proposes Ban on Senators Trading Stocks and Cryptocurrency
This bill is currently in the Senate Committee on Rules and Administration for review. It is in the early stages of the legislative process and has no upcoming votes scheduled at this time. The bill is considered active but is not currently moving forward.
Even though many voters like this idea, it is hard to get lawmakers to vote for rules that limit their own financial freedom.
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
Senators who currently hold or trade cryptocurrency would be prohibited from buying or selling crypto assets. While this does not directly affect everyday crypto investors, it could reduce concerns about lawmakers shaping crypto regulation while personally profiting from the market. The broader crypto market could benefit from increased public trust in the fairness of crypto-related legislation.
“Effective January 1, 2027, no Senator may buy or sell a publicly traded stock or cryptocurrency.”
Referred to the Committee on Rules and Administration.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Submitted in Senate
Referred to the Committee on Rules and Administration. (text: CR S3060)
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Senator Jon Ossoff (D-GA) attempted to pass a resolution on Tuesday that would prohibit U.S. Senators from buying or selling individual stocks or cryptocurrency. The measure, which would have taken effect on January 1, 2027, was blocked by Senator Cynthia Lummis (R-WY) on the Senate floor.
Negotiations over the Digital Asset Market Clarity Act have centered on ethics provisions that would restrict senior government officials, including the President, from holding crypto interests. The talks coincide with Senator Ossoff's floor push for a broader ban on Senator stock and crypto trades.
U.S. Senator Jon Ossoff is making a final appeal to his Republican colleagues to support a resolution that would end the practice of Senators trading individual stocks and digital currencies. Ossoff argues the ban is essential to ensure lawmakers prioritize the public interest over personal gain.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
A resolution prohibiting the buying or selling of certain investments by Senators.
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