119-s-1668119th CongressWALLET

End Crypto Corruption Act of 2025

Sponsored By: Senator Merkley, Jeff [D-OR]

In Committee

Summary

Bans senior federal officials from issuing, sponsoring, endorsing, or acquiring certain cryptocurrencies and other digital assets while in office and for one year after. This bill would create civil and criminal penalties for those violations, with disgorgement, civil fines up to 10% of the interest or gain, and criminal fines or imprisonment when violations cause major losses or yield financial gain.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 1 costs, 0 mixed.

Ban on crypto deals by officials

If enacted, the bill would bar covered individuals and their spouse or dependent child from certain crypto-related transactions. The ban would apply during service and for one year after a person's service ends. It would cover direct ownership and indirect interests through third parties. For civil-immunity rules, related conduct would be treated as an unofficial act outside official duties.

Which officials and crypto defined

If enacted, the bill would add definitions in Title 5 for who counts as a "covered individual." It would list the President, Vice President, Members of Congress, Senate-confirmed appointees, and certain special Government employees. It would define when a spouse or dependent holds interests directly or indirectly. It would also define what counts as a prohibited digital-asset transaction and exclude routine purchases and holdings available to the public.

Civil and criminal penalties for violations

If enacted, the bill would let the Attorney General sue covered individuals in federal court. Civil penalties could be up to 10% of the value of the prohibited interest or the amount of financial gain, whichever is greater, and profits must be paid to the U.S. Treasury. The bill would also create criminal penalties including fines, up to 5 years in prison, and possible disqualification from office. A separate criminal rule applies if losses to U.S. persons total $1,000,000 or more or the covered person benefits financially. The bill would not require proof of intent for some offenses.

Sponsors & CoSponsors

Sponsor

Merkley, Jeff [D-OR]

OR • D

Cosponsors

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 5/7/2025

  • Sen. Warren, Elizabeth [D-MA]

    MA • D

    Sponsored 5/7/2025

  • Sen. Hirono, Mazie K. [D-HI]

    HI • D

    Sponsored 5/7/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 5/7/2025

  • Sen. Reed, Jack [D-RI]

    RI • D

    Sponsored 5/7/2025

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 5/7/2025

  • Sen. Cortez Masto, Catherine [D-NV]

    NV • D

    Sponsored 5/7/2025

  • Sen. Wyden, Ron [D-OR]

    OR • D

    Sponsored 5/7/2025

  • Sen. Sanders, Bernard [I-VT]

    VT • I

    Sponsored 5/7/2025

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 5/7/2025

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 5/7/2025

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 5/7/2025

  • Sen. Markey, Edward J. [D-MA]

    MA • D

    Sponsored 5/7/2025

  • Sen. Duckworth, Tammy [D-IL]

    IL • D

    Sponsored 5/7/2025

  • Sen. Slotkin, Elissa [D-MI]

    MI • D

    Sponsored 5/7/2025

  • Sen. Kelly, Mark [D-AZ]

    AZ • D

    Sponsored 5/7/2025

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 5/7/2025

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 5/7/2025

  • Sen. Shaheen, Jeanne [D-NH]

    NH • D

    Sponsored 5/8/2025

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 5/13/2025

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 5/15/2025

  • Sen. Gallego, Ruben [D-AZ]

    AZ • D

    Sponsored 5/21/2025

  • Sen. Peters, Gary C. [D-MI]

    MI • D

    Sponsored 5/22/2025

  • Sen. Padilla, Alex [D-CA]

    CA • D

    Sponsored 6/5/2025

  • Sen. Durbin, Richard J. [D-IL]

    IL • D

    Sponsored 6/18/2025

Roll Call Votes

No roll call votes available for this bill.

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