S. 1668: End Crypto Corruption Act of 2025
Sponsor
Jeff Merkley
Democrat · OR
What Congress Is Saying
S. 1668 has come up 9 times in the Congressional Record so far.
The clerk will read the bill by title. A bill (S. 1668), a bill to amend Chapter 131 title 5, United States Code, to prohibit the President, Vice President, Members of Congress, and individuals appointed to Senate-confirmed positions from issuing, sponsoring, endorsing certain financial instruments, and for other purposes.
S. 1668 also appeared in 1 more Senate floor reference and 5 routine cosponsor filings.
S1668 Legislative Journey
Action Taken
May 8, 2025
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 71.
Introduced
May 7, 2025
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
+1 more action this day
About the Sponsor
Jeff Merkley
Democrat, OR · 17 years in Congress
Committees: the Budget, Joint Committee on Printing, Environment and Public Works
View full profile →
Cosponsors (25)
This bill has 25 cosponsors: 24 Democrats, 1 Independent. Cosponsors represent 18 states: Arizona, California, Connecticut, and 15 more.
Charles Schumer
Democrat · NY
Elizabeth Warren
Democrat · MA
Mazie Hirono
Democrat · HI
Chris Van Hollen
Democrat · MD
John Reed
Democrat · RI
Kirsten Gillibrand
Democrat · NY
Catherine Cortez Masto
Democrat · NV
Ron Wyden
Democrat · OR
Bernie Sanders
Independent · VT
Andy Kim
Democrat · NJ
Angela Alsobrooks
Democrat · MD
Cory Booker
Democrat · NJ
S. 1668 Quick Facts
- Chamber
- Senate
- Policy
- Government Operations and Politics
- Introduced
- May 7, 2025
Read the second time. Placed on Senate floor schedule under General Orders. Calendar No. 71.
May 8, 2025
S. 1668 Common Questions
How much investor loss can trigger criminal penalties under the End Crypto Corruption Act of 2025?
Criminal penalties can apply if a covered individual knowingly violates the ban and causes aggregate losses of at least $1,000,000 to one or more people in the United States, according to S1668 Section 3(b).
Can the President launch or endorse a meme coin under the End Crypto Corruption Act of 2025?
No. The President is a covered individual, and issuing, sponsoring, or endorsing a meme coin or other digital asset for remuneration is a prohibited financial transaction under the End Crypto Corruption Act of 2025 (Section 3(a)).
Does the End Crypto Corruption Act ban members of Congress from endorsing NFTs or stablecoins for pay?
Yes. A Member of Congress is a covered individual, and paid issuance, sponsorship, or endorsement of an NFT, stablecoin, token, cryptocurrency, or similar digital asset is prohibited under the End Crypto Corruption Act of 2025 (Section 3(a)).
Which government officials are covered by the End Crypto Corruption Act of 2025?
Covered individuals include the President, Vice President, Members of Congress, Senate-confirmed executive branch appointees, and special Government employees tied to the Executive Office of the President under S1668 Section 3(a).
Can a White House special Government employee promote a crypto token for compensation?
No. Special Government employees associated with the Executive Office of the President are covered individuals, and paid issuance, sponsorship, or endorsement of a token or other digital asset is prohibited under S1668 Section 3(a).
Does the End Crypto Corruption Act cover derivatives or synthetic crypto exposure?
Yes. The bill includes comparable financial interests acquired through synthetic means such as derivatives, options, and warrants under the End Crypto Corruption Act of 2025 (Section 3(a)).
Is simply buying or holding cryptocurrency banned for covered officials under S1668?
No. Mere purchase, sale, holding, or similar conduct involving assets routinely accessible to the general public is excluded from the definition of a prohibited financial transaction under S1668 Section 3(a).
Can a public official be charged if they profit through a family member's crypto deal under this bill?
Yes. S1668 Section 3(b) applies when a covered individual benefits directly or indirectly through a family member or business associate from the sale, purchase, or distribution of the prohibited financial interest.
What are the bribery-related crypto violations covered by the End Crypto Corruption Act?
The bill covers knowingly violating the ban while corruptly seeking or accepting anything of value to influence an official act, enable fraud against the United States, or induce a duty-violating act or omission under Section 3(c).
Does presidential or official immunity protect crypto promotion covered by the End Crypto Corruption Act?
No. Conduct tied to a prohibited financial transaction is deemed an unofficial act and beyond official duties for civil and criminal immunity purposes under the End Crypto Corruption Act of 2025 (Section 3(e)).
Based on S. 1668 bill text
S. 1668 Bill Text
“To amend chapter 131 of title 5, United States Code, to prohibit the President, Vice President, Members of Congress, and individuals appointed to Senate-confirmed positions from issuing, sponsoring, or endorsing certain financial instruments, and for other purposes.”
Source: U.S. Government Publishing Office
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