HR3573-119

What This Bill Does

The Stop TRUMP in Crypto Act of 2025 applies to covered individuals: the President, Vice President, Members of Congress, and the spouse, child, son-in-law, or daughter-in-law of any of them. Covered individuals may not own enough of a digital asset to unilaterally change it, serve as an officer, director, or owner of a digital asset issuer, issue, sponsor, promote, or receive direct or indirect compensation, including fees, for the sale, marketing, or mining of a digital asset in the United States or to a U.S. person, or trade digital assets while in office when they have material nonpublic information about digital assets. SEC-reporting issuers may not issue, sell, or transact in a digital asset on behalf of a covered individual. Violations are subject to the same title 18 section 216 consequences as other federal conflict-of-interest statutes. The bill also bars covered individuals from acting through trusts, corporations, partnerships, LLCs, associations, political committees, nonprofits, other persons or entities, digital wallets, or protocols when they control the entity, act as beneficial owner, or expect compensation, financial benefit, or influence. Beneficial ownership includes financial interests, material benefits, control or influence over decisions or digital asset activity, ownership of at least 5 percent, or being a grantor, trustee, or beneficiary of a trust holding such interests. Digital assets include stablecoins, memecoins, derivatives, securities or trusts whose primary assets or benchmarks are digital assets, staking, lending, decentralized finance products, NFTs, and DAO tokens.

Who Benefits and How

Government ethics organizations benefit from explicit digital asset restrictions on senior elected officials and close family members. Voters benefit from reduced risk that officeholders profit from memecoins, stablecoins, DeFi, NFTs, or other digital assets tied to public influence. SEC staff benefit from a clear prohibition on issuers handling digital asset transactions for covered officials. Competing crypto market participants benefit if politically connected tokens lose special insider advantages.

Who Bears the Burden and How

The President, Vice President, and Members of Congress face restrictions on digital asset control, promotion, compensation, and trading. Covered family members face the same digital asset restrictions. Digital asset providers connected to covered officials lose access to promotion, ownership, or compensation arrangements. Trust administrators and entities used as intermediaries must avoid concealed beneficial ownership or control.

Key Provisions

• Prohibits covered officials and family members from controlling, issuing, sponsoring, promoting, or being paid for digital assets.
• Prohibits covered officials from trading digital assets while in office using material nonpublic information.
• Bars SEC-reporting issuers from transacting in digital assets on behalf of covered individuals.
• Extends prohibitions to indirect participation through entities, trusts, wallets, protocols, and beneficial ownership.
• Defines digital asset broadly to include stablecoins, memecoins, derivatives, DeFi, NFTs, and DAO tokens.