Stop Presidential Profiteering from Digital Assets Act
This bill prohibits the creation or promotion of digital assets (like cryptocurrencies or tokens) that use the name, image, or likeness of specific government officials for financial gain. It directly affects the President, Vice President, members of Congress, senior federal officials, and their immediate family members living in the same household. The law makes it unlawful to issue such digital assets - even if the official consents - and presumes violations without requiring proof of intent. The Securities and Exchange Commission (SEC) enforces the law, imposing civil penalties up to $250,000 per violation or the full financial gain, and must issue implementing rules within 180 days of enactment.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2025
Committee Review
Floor Vote
President
Introduced May 8, 2025
Last action May 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 8, 2025
Committee
Referred to the House Committee on Financial Services.
lower
May 8, 2025
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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