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US HB3849
Bill
Status
6/9/2025
Primary Sponsor
Joseph Neguse
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AI Summary
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Prohibits the President, Vice President, members of Congress, delegates, and federal election candidates from issuing, sponsoring, endorsing, purchasing, selling, or holding digital assets (cryptocurrencies) during their candidacy, term of service, and for one year after leaving office
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Requires covered individuals who own digital assets to place them in a qualified blind trust approved by the applicable supervising ethics office, with trustees required to divest the assets within 6 months and certify annually they have not shared asset information with the official
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Establishes civil penalties of up to $250,000 for knowing violations, with the Attorney General authorized to bring civil actions and require disgorgement of profits to the U.S. Treasury
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Creates criminal penalties of up to 18 years imprisonment for violations that cause aggregate losses of $1,000,000 or more to U.S. persons, or where the official benefits financially through the prohibited transaction
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Designates conduct related to prohibited digital asset transactions as unofficial acts beyond the scope of official duties for purposes of civil and criminal immunity
Legislative Description
STABLE GENIUS Act Stop Trading Assets Benefitting Lawmakers' Earnings while Governing Exotic and Novel Investments in the United States Act
Government operations and politics
Last Action
Referred to the Committee on Financial Services, and in addition to the Committees on Oversight and Government Reform, and House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
6/9/2025