I 
119TH CONGRESS 
1ST SESSION H. R. 3314 
To prohibit the issuance, promotion, or sale of digital assets that use the 
name, likeness, or identifiable traits of certain Federal officials or their 
immediate family for financial gain, and to establish regulatory oversight 
under the Securities and Exchange Commission. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2025 
Mr. TORRES of New York introduced the following bill; which was referred 
to the Committee on Financial Services 
A BILL 
To prohibit the issuance, promotion, or sale of digital assets 
that use the name, likeness, or identifiable traits of cer-
tain Federal officials or their immediate family for finan-
cial gain, and to establish regulatory oversight under 
the Securities and Exchange Commission. 
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 Presidential Prof-
iteering from Digital Assets Act’’. 
SEC. 2. DEFINITIONS. 
For the purposes of this Act: 
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(1) Digital asset means a digital representation 
of value that is recorded on a cryptographically se-
cured distributed ledger or any similar technology, 
including but not limited to, cryptocurrencies, 
stablecoins, and meme coins. 
(2) Covered individual means: 
(A) The President or Vice President of the 
United States; 
(B) Members of Congress; 
(C) Any Federal officer or official con-
firmed by the Senate; or 
(D) Any immediate family member of such 
individuals. 
(3) Immediate family member includes a 
spouse, child, or other relative residing in the same 
household. 
(4) Identifiable traits include name, image, like-
ness, signature, slogans, or other personally distin-
guishing characteristics. 
SEC. 3. PROHIBITION ON DIGITAL ASSET EXPLOITATION 
FOR PERSONAL GAIN. 
(a) UNLAWFUL CONDUCT.—It shall be unlawful for 
any person to issue, promote, market, or sell a digital 
asset that: 
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(1) Uses the identifiable traits of a covered in-
dividual; and 
(2) Is reasonably likely to result in direct or in-
direct financial gain to such individual. 
(b) PRESUMPTION OF VIOLATION.—A digital asset 
that meets the conditions in subsection (a) shall be pre-
sumed to violate this Act, regardless of consent or en-
dorsement by the covered individual. 
(c) CONSENT NOT A DEFENSE.—Voluntary partici-
pation or authorization by a covered individual shall not 
constitute a defense to liability under this section. 
SEC. 4. ENFORCEMENT BY SECURITIES AND EXCHANGE 
COMMISSION. 
(a) AUTHORITY.—The Securities and Exchange Com-
mission shall have exclusive authority to enforce the provi-
sions of this Act. 
(b) PENALTIES.—Any person found to have violated 
this Act shall be subject to: 
(1) A civil penalty not to exceed $250,000 per 
violation; or 
(2) An amount equal to the gross financial gain 
received, whichever is greater. 
(c) INJUNCTIVE RELIEF.—The Commission may seek 
injunctive relief to prevent the issuance or further dis-
tribution of prohibited digital assets. 
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SEC. 5. RULEMAKING. 
The Securities and Exchange Commission shall pro-
mulgate regulations to implement and enforce this Act no 
later than 180 days after its enactment. 
Æ 
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