# 119-hr-3314: Stop Presidential Profiteering from Digital Assets Act

119-hr-3314, Stop Presidential Profiteering from Digital Assets Act, is a 119th Congress bill sponsored by Rep. Torres, Ritchie [D-NY-15] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-07-23).

- Canonical: https://policyrisk.com/legislation/119-hr-3314
- As of: 2026-07-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3314
- Congress: 119
- Title: Stop Presidential Profiteering from Digital Assets Act
- Status: introduced
- Introduced: 2025-05-08
- Sponsor: Rep. Torres, Ritchie [D-NY-15] (D-NY)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-23

## Summary

**Stops federal officials and their immediate families from profiting off crypto and other digital tokens that use their name or likeness.** The bill would ban the issuance, promotion, marketing, or sale of digital assets that use identifiable traits of covered officials and are likely to produce financial gain, and it would give the Securities and Exchange Commission exclusive authority to enforce the ban. - Applies to the President, Vice President, Members of Congress, any federal officer confirmed by the Senate, and immediate family members who live in the same household. - Defines digital asset as a representation of value recorded on a cryptographically secured distributed ledger or similar technology, including cryptocurrencies, stablecoins, and meme coins. Issuers and promoters would be barred from creating or selling such assets when they use covered individuals' names, images, signatures, slogans, or other identifiable traits. - Establishes a presumption of violation even if the covered individual consents or authorizes the asset, so consent would not be a defense. - Gives the SEC exclusive enforcement power, authorizes injunctive relief, and allows civil penalties up to $250,000 per violation or the issuer's gross financial gain, whichever is greater. The SEC would be required to issue implementing regulations within 180 days of enactment.

## Cosponsors (1)

- Rep. Kiley, Kevin [I-CA-3] (I-CA), 2026-07-21T00:00:00.000Z

## Provisions PRIA read

- No digital tokens using officials' names: cost, medium. This bill would ban issuing, promoting, marketing, or selling a digital asset that uses a covered official’s traits and could give that person money. Covered officials would include the President, Vice President, Members of Congress, Senate‑confirmed federal officials, and their immediate family wh…
- SEC fines for banned tokens: cost, medium. The SEC would have exclusive power to enforce this ban. It could ask courts to stop the issue or distribution of illegal tokens. Violators could owe up to $250,000 per violation, or the full gross financial gain if that amount is higher. The SEC would have to issue implementing rules within 180 day…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-4206: CONNECT for Health Act of 2025

## Sources
- [119-hr-3314 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3314)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3314 (as of 2026-07-23).