Bill · S. 1668· Senate(119-S-1668)
End Crypto Corruption Act of 2025
- Introduced
- 5/7/2025
- Last activity
- 5/8/2025 — Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.
- Sponsored by
- Jeff Merkley
- Cosponsors
- - 24 - 0
- Introduced
- On Calendar
What this bill would do
The "End Crypto Corruption Act of 2025" aims to prohibit specific high-ranking officials from engaging in certain financial transactions. These "covered individuals" include the President, Vice President, Members of Congress, and individuals in Senate-confirmed positions. The bill bans the issuance, sponsorship, or endorsement of digital assets like cryptocurrencies, meme coins, and NFTs. These prohibitions apply to the officials, their spouses, and their dependent children during their service and for one year after leaving office. The Act also establishes civil and criminal penalties for violations of these rules.
Yes
Does this make what the government does easier for the public to see?+6
The bill imposes strict prohibitions and penalties to prevent corruption among high-ranking officials.
Does this make the government pay for what it commits to?+5
The bill requires violators to disgorge profits to the U.S. Treasury.
The opposite
Would high-income households be better off under this?-3
The bill imposes significant financial penalties and criminal risks on high-ranking officials and their families.
Who it would affect, and how
Potential Positive Impacts for People
-
Accountability for High-Ranking Officials: The bill establishes strict rules to prevent the President, Vice President, Members of Congress, and Senate-confirmed appointees from issuing or endorsing digital assets (Sec. 2, Sec. 13151; Sec. 3, Sec. 227A).
-
Civil Penalties and Restitution: The Attorney General can bring civil actions where violating individuals may be required to pay a penalty of up to 10 percent of the financial interest or gain, and must pay back any profits to the U.S. Treasury (Sec. 2, Sec. 13153).
-
Criminal Prosecution for Significant Losses or Corruption: Criminal penalties, including fines and up to five years in prison, can be applied if a violation results in an aggregate loss of at least $1,000,000 to persons in the U.S. or if the violation involves bribery and the corruption of official acts (Sec. 3, Sec. 227A).
-
Removal of Legal Immunity for Prohibited Acts: Conduct involving these prohibited transactions will be treated as unofficial acts, meaning officials cannot rely on their official duties as a defense against civil or criminal liability (Sec. 2, Sec. 13152; Sec. 3, Sec. 227A).
Potential Negative Impacts for People
-
Restrictions on Financial Interests: The prohibition on "prohibited financial transactions" extends not just to the officials, but also to their spouses and dependent children (Sec. 2, Sec. 13151; Sec. 13152).
-
Financial Burdens via Penalties: Individuals found in violation of the law may face significant monetary penalties, including fines up to two times the monetary equivalent of a thing of value received through bribery (Sec. 3, Sec. 227A).
-
Potential Disqualification from Public Service: Officials found to have engaged in bribery related to these prohibited transactions may be disqualified from holding any office of honor, trust, or profit under the United States (Sec. 3, Sec. 227A).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+6
- Economy And Finance
- Improves Fiscal Responsibility+5
- Demographic And Interest Groups
- Good For High Income Households-3
- 6/18/2025
- 1 Cosponsor added.
- 6/5/2025
- 1 Cosponsor added.
- 5/22/2025
- 1 Cosponsor added.
- 5/21/2025
- 1 Cosponsor added.
- 5/15/2025
- 1 Cosponsor added.
- 5/13/2025
- 1 Cosponsor added.
- 5/8/2025
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.
- 1 Cosponsor added.
- 5/7/2025
- Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- 18 Cosponsors added.
- Introduced in Senate
Angela AlsobrooksDemocrat · Maryland
Richard BlumenthalDemocrat · Connecticut
Cory BookerDemocrat · New Jersey
Lisa Blunt RochesterDemocrat · Delaware
Catherine Cortez MastoDemocrat · Nevada
Richard DurbinDemocrat · Illinois
Tammy DuckworthDemocrat · Illinois
Kirsten GillibrandDemocrat · New York
Ruben GallegoDemocrat · Arizona
Mazie HironoDemocrat · Hawaii
Amy KlobucharDemocrat · Minnesota
Mark KellyDemocrat · Arizona
Andy KimDemocrat · New Jersey
Edward MarkeyDemocrat · Massachusetts
Alex PadillaDemocrat · California
Gary PetersDemocrat · Michigan
John ReedDemocrat · Rhode Island
Bernie SandersIndependent · Vermont
Charles SchumerDemocrat · New York
Jeanne ShaheenDemocrat · New Hampshire
Elissa SlotkinDemocrat · Michigan
Chris Van HollenDemocrat · Maryland
Ron WydenDemocrat · Oregon
Raphael WarnockDemocrat · Georgia
Elizabeth WarrenDemocrat · Massachusetts