Stop TRUMP in Crypto Act of 2025

This bill aims to stop conflicts of interest in crypto for certain elected officials. It bans covered individuals—including Members of Congress—from doing several things with digital assets: owning enough of a project to change it on their own; serving as an officer, director, or owner of a company that issues a digital asset; promoting, issuing, or getting paid for selling, marketing, or mining any digital asset in the U.S. or to a U.S. person; and trading digital assets while in office if they have non‑public information. Violations would face the same federal penalties used for other ethics laws. It also blocks public companies that file with the SEC from transacting a digital asset on behalf of a covered individual.

The bill closes loopholes. Covered individuals can’t get around the rules by using trusts, companies, wallets, or other people if they control or benefit from the activity. “Beneficial owner” is defined broadly to include anyone with a financial interest or benefit, the ability to influence decisions, at least 5% ownership, or certain trust roles, and there’s a look‑through rule for hidden holdings. “Digital asset” is defined broadly to include things like stablecoins, memecoins, and products that get their value from digital assets, recorded on a cryptographically secured distributed ledger.

• Who is affected: Covered individuals (including Members of Congress) and companies that report to the SEC when acting for them.
• What changes: Bans certain ownership, roles, promotion/compensation, and insider trading in digital assets; blocks indirect participation; applies existing federal penalties for violations.
• When: The trading ban applies while the person is in office; the text does not state a separate effective date.