Bill · H.R. 3314· House(119-HR-3314)
Stop Presidential Profiteering from Digital Assets Act
- Introduced
- 5/8/2025
- Last activity
- 5/8/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Ritchie Torres
- Cosponsors
- - 0 - 0
- Introduced
- In Committee
What this bill would do
The "Stop Presidential Profiteering from Digital Assets Act" aims to stop the issuance, promotion, or sale of digital assets that use the identity of specific Federal officials or their families for financial gain. This includes the President, Vice President, Members of Congress, and Senate-confirmed officials. The bill defines digital assets to include items like cryptocurrencies and meme coins. It strictly prohibits using the name, image, or likeness of these individuals if it results in financial gain. Even if the official consents, the act is still considered a violation. Finally, the Securities and Exchange Commission is given the authority to enforce these rules and issue penalties.
Yes· 3 of 4
Does this give people more protection from unfair business practices?+3
The bill provides consumer protection by regulating the promotion and sale of digital assets that exploit the identities of public officials.
Does this put more rules on large technology companies?+2
The bill increases regulatory oversight of digital assets through the SEC's enforcement of prohibitions on identity-based assets.
Does this make what the government does easier for the public to see?+2
The bill increases integrity by preventing federal officials from profiting via the use of their identity in digital assets.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Prevention of Exploitation: The bill prohibits the use of the name, image, likeness, or signature of covered individuals for financial gain (Section 3(a)). This prevents the marketing of digital assets like meme coins using the traits of high-ranking officials.
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Strict Enforcement Standards: By establishing a presumption of violation regardless of consent (Section 3(b)), the law ensures that even if an official tries to authorize the use of their likeness, the activity remains illegal.
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Strong Financial Deterrents: The law provides for significant penalties, including civil fines up to $250,000 or the total gross financial gain (Section 4(b)), which may discourage people from attempting to profit from these digital assets.
Potential Negative Impacts for People
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Strict Liability for Consent: Even if a covered individual provides voluntary participation or authorization, they or others cannot use that consent as a defense against the law (Section 3(c)).
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High Financial Penalties: Individuals found in violation of the act face heavy financial burdens, as they may be required to pay whichever is greater: $250,000 or the total gross financial gain received (Section 4(b)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+3
- Education And Technology
- Increases Big Tech Regulation+2
- Governance And Ideology
- Improves Government Transparency+2
- Demographic And Interest Groups
- Good For High Income Households+1
- 7/21/2026
- 1 Cosponsor added.
- 5/8/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
Kevin KileyIndependent · California