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Prohibits Social Security trust funds from investing in digital assets or crypto-related investments and adds statutory definitions describing what counts as a digital asset or crypto-related investment. The definitions cover direct digital assets, investment funds tied to digital-asset futures or indices, public companies that derive substantial value or revenue from digital assets, and any asset whose value is tied to digital assets. The change is implemented by amending the Social Security Act's investment provisions to add the prohibition and definitions; the text references existing definitions in other federal statutes but does not set new deadlines, funding, or detailed enforcement mechanisms in the provided language.
The bill prioritizes protecting Social Security beneficiaries and taxpayers from crypto-related volatility and reputational risk at the cost of foregoing potential portfolio diversification and institutional support for regulated crypto products.
Seniors and future retirees: The bill bars Social Security trust funds from investing in cryptocurrencies, reducing exposure to crypto market volatility and lowering the risk that fund losses could threaten benefits.
Taxpayers: Reduces political and reputational risk from federal retirement reserves being tied to speculative or opaque crypto markets, which can limit controversy and potential fiscal or governance fallout.
Seniors, future retirees, and taxpayers: Prohibiting crypto investments may reduce diversification and potential returns for the Social Security trust funds, which could lower long-term fund performance.
Financial institutions and asset managers: Lose a potential institutional buyer for regulated crypto-related products, which could slow development of those products and reduce market demand.
Introduced March 12, 2026 by Richard Joseph Durbin · Last progress March 12, 2026