Prohibition on covered individuals in connection with digital assets

(a) In general A covered individual may not— (1) own a proportion of a digital asset that would allow the individual to unilaterally make changes to the digital asset; (2) serve as an officer, director, or owner of a digital asset issuer; (3) issue, sponsor, promote, or receive any direct or indirect compensation, including fees, for the sale, marketing, or mining of any digital asset in the United States or to a United States person; or (4) trade digital assets while in office, if the covered individual has material non-public information about digital assets. (b) Prohibition on certain companies acting on behalf of a covered individual An issuer required to file reports with the Securities and Exchange Commission under section 13 of the Securities Exchange Act of 1934 may not issue or sell, or otherwise transact with respect to, a digital asset on behalf of a covered individual. (c) Penalties Section 216 of title 18, United States Code, shall apply to a violation of this section to the same extent as such section 216 applies to a violation of section 203, 204, 205, 207, 208, or 209 of such title.