I 
119TH CONGRESS 
1ST SESSION H. R. 3573 
To establish certain digital asset prohibitions with respect to elected 
Government officials, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 21, 2025 
Ms. WATERS (for herself, Mr. FOSTER, Ms. TLAIB, Mrs. BEATTY, Ms. 
VELA´ZQUEZ, Mr. LYNCH, Mr. GREEN of Texas, Ms. GARCIA of Texas, 
Mr. SHERMAN, Mr. CLEAVER, Mr. FIELDS, and Mr. VARGAS) introduced 
the following bill; which was referred to the Committee on Financial Serv-
ices 
A BILL 
To establish certain digital asset prohibitions with respect 
to elected Government officials, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Trading, Reten-
tion, and Unfair Market Payoffs in Crypto Act of 2025’’ 
or the ‘‘Stop TRUMP in Crypto Act of 2025’’. 
SEC. 2. PROHIBITION ON COVERED INDIVIDUALS IN CON-
NECTION WITH DIGITAL ASSETS. 
(a) IN GENERAL.—A covered individual may not— 
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(1) own a proportion of a digital asset that 
would allow the individual to unilaterally make 
changes to the digital asset; 
(2) serve as an officer, director, or owner of a 
digital asset issuer; 
(3) issue, sponsor, promote, or receive any di-
rect or indirect compensation, including fees, for the 
sale, marketing, or mining of any digital asset in the 
United States or to a United States person; or 
(4) trade digital assets while in office, if the 
covered individual has material non-public informa-
tion about digital assets. 
(b) PROHIBITION ON CERTAIN COMPANIES ACTING 
ON BEHALF OF A COVERED INDIVIDUAL.—An issuer re-
quired to file reports with the Securities and Exchange 
Commission under section 13 of the Securities Exchange 
Act of 1934 may not issue or sell, or otherwise transact 
with respect to, a digital asset on behalf of a covered indi-
vidual. 
(c) PENALTIES.—Section 216 of title 18, United 
States Code, shall apply to a violation of this section to 
the same extent as such section 216 applies to a violation 
of section 203, 204, 205, 207, 208, or 209 of such title. 
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SEC. 
3. 
PROHIBITION 
ON 
INDIRECT 
PARTICIPATION 
THROUGH 
INTERMEDIARIES 
AND 
BENE-
FICIAL OWNERSHIP. 
(a) ANTI-EVASION RULE.—A covered individual may 
not take any action prohibited by this Act through any 
trust, corporation, partnership, limited liability company, 
unincorporated association, political committee, nonprofit 
organization, or other entity or person, including any dig-
ital wallet or protocol, if such covered individual— 
(1) directly or indirectly exercises control over 
such entity; 
(2) acts through such entity as a beneficial 
owner; or 
(3) has received or expects to receive compensa-
tion, financial benefit, or influence as a result of the 
entity’s engagement in digital asset activities de-
scribed in this Act. 
(b) DEFINITION OF BENEFICIAL OWNER.—In this 
section, and with respect to an entity, the term ‘‘beneficial 
owner’’ includes any individual who, directly or indi-
rectly— 
(1) has a financial interest in, or receives mate-
rial benefit from a digital asset issuer; 
(2) has the ability to influence, direct, or con-
trol decisions of such entity or digital asset activity, 
whether formal or informal; 
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