119th (2025–2027)
H.R. 3849
The STABLE GENIUS Act prohibits federal elected officials and candidates from engaging in financial transactions involving digital assets (cryptocurrencies and similar blockchain-based investments) during their campaigns, time in office, and for one year after leaving office. The ban applies to the President, Vice President, Members of Congress, and all candidates for these positions, covering direct ownership as well as indirect holdings through derivatives or investment funds. Officials may comply by placing any existing digital assets into a qualified blind trust approved by their ethics office, which must divest the holdings within six months and certify annually that the trustee has not shared information about the account with the official. Violations carry civil penalties up to $250,000 plus disgorgement of any profits, and criminal penalties of up to 18 years imprisonment if the violation causes at least $1 million in losses to others or provides direct financial benefit to the official or their family members.