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HR3573

Is The Bill "Stop TRUMP in Crypto Act of 2025" Crypto Friendly?

Description:

This legislation prohibits high-ranking elected federal officials—including the President, Vice President, Members of Congress, and their immediate families—from issuing, sponsoring, promoting, or receiving compensation for digital assets. It bars these individuals from controlling digital asset issuers, trading based on non-public information, or participating in mining operations. The bill establishes criminal penalties for violations and includes strict anti-evasion rules covering trusts, decentralized protocols, and digital wallets to prevent indirect participation in crypto activities.

Date Introduced:

2025-05-21

Status:

Introduced and Sponsored

Stance on Crypto:

Somewhat Anti-Crypto

Links:

  • https://www.congress.gov/119/bills/hr3573/BILLS-119hr3573ih.pdf
  • https://www.congress.gov/bill/119th-congress/house-bill/3573
  • https://www.govtrack.us/congress/bills/119/hr3573

Primary Commentary:
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While framed as an ethical measure to prevent conflicts of interest and market manipulation among government officials, the bill imposes highly restrictive, crypto-specific prohibitions that go beyond standard financial disclosure and conflict-of-interest frameworks. By completely banning elected officials and their families from earning income from digital asset promotion, sponsorship, or mining, the legislation singles out the crypto sector. The definitions of "digital asset" in the bill are incredibly broad, spanning not only liquid tokens but also staking yield, DeFi protocols, NFTs, and DAO tokens. Furthermore, the inclusion of immediate family members, including children and in-laws, expands the regulatory net significantly. While the goal of preventing insider trading and unethical self-dealing in office is a standard governance objective, the bill's reliance on criminal penalties and absolute prohibitions—rather than blind trusts or divestment mandates typical of other asset classes—creates a hostile regulatory precedent. By treating legitimate blockchain activities like mining or protocol participation as inherently suspect, the bill reflects an adversarial stance toward the integration of digital assets into the broader economy.

Congress members who support this bill

Sponsors

Profile picture of Maxine Waters
Maxine Waters

Cosponsors

Profile picture of Ritchie Torres
Ritchie Torres
Profile picture of Juan Vargas
Juan Vargas
Profile picture of Gregory Meeks
Gregory Meeks
Profile picture of Emanuel Cleaver II
Emanuel Cleaver II
Profile picture of Joyce Beatty
Joyce Beatty
Profile picture of Cleo Fields
Cleo Fields
Profile picture of Brittany Pettersen
Brittany Pettersen
Profile picture of Pramila Jayapal
Pramila Jayapal
Profile picture of Mike Levin
Mike Levin
Profile picture of Al Green
Al Green
Profile picture of André Carson
André Carson
Profile picture of Nikema Williams
Nikema Williams
Profile picture of Jimmy Panetta
Jimmy Panetta
Profile picture of Rashida Tlaib
Rashida Tlaib
Profile picture of Nydia Velázquez
Nydia Velázquez
Profile picture of Sylvia Garcia
Sylvia Garcia
Profile picture of Stephen Lynch
Stephen Lynch
Profile picture of Brad Sherman
Brad Sherman
Profile picture of Bill Foster
Bill Foster
Profile picture of Sean Casten
Sean Casten

Additional Commentary

No additional commentary for this bill yet