H.R. 3573 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Financial Services, May 21, 2025
What this bill does
In plain words · AI-written from the official summaryRestricts crypto investments for top officials
This bill would prohibit the President, Vice President, and Members of Congress—as well as their spouses and children—from owning major stakes in digital assets, working for crypto companies, or trading crypto when they have secret information about it. The bill also closes loopholes that would let them hide such involvement through trusts, corporations, or other arrangements. Anyone who violates these rules could face fines and prison time.
How it affects you
This doesn't directly change what you can do with crypto. But if you're concerned about whether government leaders might use their positions to benefit their own digital asset investments, this bill would prevent them from doing so. It applies only to the President, Vice President, Members of Congress, and their immediate families.
Read the official summary (Introduced in House, May 21, 2025)
Stop Trading, Retention, and Unfair Market Payoffs in Crypto Act of 2025 or the Stop TRUMP in Crypto Act of 2025
This bill prohibits certain government officials and their families from engaging in specified activities involving digital assets (including financial contracts, products, or instruments that derive their value from a digital asset).
Specifically, the President, the Vice President, and Members of Congress (and their spouses, children, and children's spouses) are prohibited from
• owning a proportion of such an asset that allows the individual to unilaterally make changes to the asset;
• serving as an officer, director, or owner of an asset issuer;
• issuing, sponsoring, promoting, or receiving any direct or indirect compensation for the sale, marketing, or mining of such an asset in the United States or to a person in the United States; or
• trading assets while the official is in office if the individual has material non-public information about such assets.
The bill also prohibits indirect engagement in such activities through intermediaries such as trusts or corporations or through other arrangements intended to conceal the individual’s beneficial ownership or control.
Individuals who violate this bill are subject to penalties including fines and imprisonment.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3573
A BILL
Stop TRUMP in Crypto Act of 2025
Sponsor: Rep. Maxine Waters (D-CA-43) · Introduced May 21, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action May 21, 2025: “Referred to the House Committee on Financial Services.”