The "No Crypto in Social Security Act" would prohibit the Social Security Trust Funds from investing in cryptocurrency and crypto-related assets. The bill amends the Social Security Act to explicitly ban direct digital asset investments as well as indirect exposure through investment funds, stocks, bonds, or other assets whose value depends on cryptocurrencies. The legislation defines "crypto-related investments" broadly to include cryptocurrency futures funds, publicly traded companies that derive substantial value from cryptocurrency holdings, and companies that primarily earn revenue from crypto services like trading or custody. The bill applies to the trust fund investment authority without specifying new funding requirements or implementation timelines. This legislation would prevent Social Security's reserve funds from participating in cryptocurrency markets while allowing continued investment in traditional financial instruments.
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