US Bill Would Restrict Government Officials' Crypto Holdings
A new bill has been introduced in the US House of Representatives that would restrict government officials and their families from owning, promoting or trading digital assets. The Stop TRUMP in Crypto Act of 2025, proposed by Rep. Maxine Waters, aims to draw a hard line between the White House and the crypto market.
The bill targets the President, Vice President, Members of Congress, and their spouses, children, and children's spouses. It prohibits them from holding controlling ownership of digital assets, serving as officers or owners of asset issuers, issuing or promoting digital assets, and trading based on material non-public information.
The legislation also closes the loophole on indirect ownership by prohibiting government officials and their families from engaging in digital assets through intermediaries such as trusts or corporations. Violations may lead to fines and imprisonment.