H.R. 3573: Stop TRUMP in Crypto Act of 2025
Sponsor
Maxine Waters
Democrat · CA-43
HR3573 Legislative Journey
House: Committee Action
May 21, 2025
Referred to the House Committee on Financial Services.
About the Sponsor
Maxine Waters
Democrat, California's 43rd congressional district · 35 years in Congress
Committees: Financial Services
View full profile →
Cosponsors (25)
All 25 cosponsors are Democrats. Cosponsors represent 15 states: California, Colorado, District of Columbia, and 12 more.
Bill Foster
Democrat · IL
Rashida Tlaib
Democrat · MI
Joyce Beatty
Democrat · OH
Nydia Velázquez
Democrat · NY
Stephen Lynch
Democrat · MA
Al Green
Democrat · TX
Sylvia Garcia
Democrat · TX
Brad Sherman
Democrat · CA
Emanuel Cleaver
Democrat · MO
Cleo Fields
Democrat · LA
Juan Vargas
Democrat · CA
Ritchie Torres
Democrat · NY
Committee Sponsors
Financial Services Committee
16 of 53 committee members cosponsored
7 Democrats across this committee haven't cosponsored yet. Mobilize their constituents
H.R. 3573 Quick Facts
- Committee
- Financial Services
- Chamber
- House
- Policy
- Finance and Financial Sector
- Introduced
- May 21, 2025
Referred to the House Committee on Financial Services.
May 21, 2025
H.R. 3573 Common Questions
Which family members of the President or members of Congress would be banned from crypto under the Stop TRUMP in Crypto Act?
Under the Stop TRUMP in Crypto Act of 2025, the ban covers the spouse, child, son-in-law, and daughter-in-law of the President, Vice President, and Members of Congress (Section 4).
What ownership percentage makes someone a beneficial owner under the Stop TRUMP in Crypto Act?
According to H.R. 3573 Section 3, owning 5% or more of an entity counts as beneficial ownership, including through trusts, nominee arrangements, or contractual rights.
Can the President or members of Congress own Bitcoin, stablecoins, memecoins, NFTs, or DAO tokens under this bill?
The bill defines digital assets broadly to include stablecoins, memecoins, NFTs, DAO tokens, and more, and bars covered individuals from certain ownership and participation tied to those assets under the Stop TRUMP in Crypto Act of 2025 (Sections 2 and 4).
Can a president or lawmaker promote a meme coin or get paid to market crypto under the Stop TRUMP in Crypto Act?
No. Under the Stop TRUMP in Crypto Act of 2025 (Section 2), covered individuals cannot issue, sponsor, promote, or receive direct or indirect compensation for selling, marketing, or mining digital assets in the U.S. or to a U.S. person.
Does the Stop TRUMP in Crypto Act ban insider trading of crypto by members of Congress or the President?
Yes. According to H.R. 3573 Section 2, covered individuals cannot trade digital assets while in office if they possess material non-public information regarding digital assets.
Can a public official use a trust or LLC to hide crypto ownership under the Stop TRUMP in Crypto Act?
No. Under the Stop TRUMP in Crypto Act of 2025 (Section 3), trusts, LLCs, corporations, wallets, protocols, nonprofits, and similar intermediaries cannot be used to evade the ban.
Does the Stop TRUMP in Crypto Act apply to crypto held through a digital wallet or protocol?
Yes. H.R. 3573 Section 3 applies the ban and look-through rules to digital assets held indirectly through digital wallets, protocols, or other arrangements meant to conceal ownership or control.
Can SEC-reporting public companies issue or sell crypto for a covered politician under this bill?
No. Under the Stop TRUMP in Crypto Act of 2025 (Section 2), companies that file reports under Securities Exchange Act Section 13 cannot issue, sell, or transact digital assets on behalf of a covered individual.
What are the penalties for violating the Stop TRUMP in Crypto Act?
According to H.R. 3573 Section 2, violations carry the penalties in 18 U.S.C. Section 216, the same penalty framework used for several federal conflict-of-interest laws.
Does the Stop TRUMP in Crypto Act cover crypto derivatives, staking, lending, and DeFi products?
Yes. Under the Stop TRUMP in Crypto Act of 2025 (Section 4), digital assets include futures, options, swaps, staking, lending, and decentralized finance products tied to digital assets.
Based on H.R. 3573 bill text
H.R. 3573 Bill Text
“To establish certain digital asset prohibitions with respect to elected Government officials, and for other purposes.”
Source: U.S. Government Publishing Office
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