STABLE GENIUS Act

The STABLE GENIUS Act (S 1803) prohibits federal elected officials (including the President, Vice President, Senators, Representatives, Delegates, and Resident Commissioners) and candidates for these offices from owning, buying, selling, or holding digital assets (such as cryptocurrencies) during their term in office, the election period, and for one year after leaving office. To comply, officials must place any existing digital assets into a "qualified blind trust" approved by their ethics office, which must sell the assets within six months and certify annually that it shares no trust details with the official. The bill requires ethics offices to publicly post trust agreements and imposes civil penalties of up to $250,000 for violations, with criminal penalties including fines and up to 18 years in prison for knowingly causing significant financial harm or profiting from prohibited transactions.