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STABLE GENIUS Act

USA119th CongressS-1803| Senate 
| Updated: 5/19/2025
Michael F. Bennet

Michael F. Bennet

Democratic Senator

Colorado

Homeland Security and Governmental Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
The STABLE GENIUS Act aims to prevent conflicts of interest by prohibiting the President, Vice President, Members of Congress, and candidates for these offices from engaging in financial transactions involving digital assets . This prohibition covers a broad range of activities, including the issuance, purchase, sale, or holding of cryptocurrencies and similar technologies, as well as synthetic or aggregated interests in such assets. The restrictions apply during their candidacy, throughout their term of service, and for a full year after their service concludes. To comply, covered individuals must place any existing digital assets into a qualified blind trust , which requires prior approval from an ethics office and mandates the trustee to divest assets within six months. Trustees must also certify annually that no information about the trust's assets or transactions has been shared with the individual, and they cannot have close personal or business ties. Violations can lead to substantial civil penalties, including fines up to $250,000 and disgorgement of profits, and knowing criminal violations may result in fines, up to 18 years imprisonment, or both, particularly if significant financial harm or benefit occurs.
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Timeline
May 19, 2025
Introduced in Senate
May 19, 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Jun 9, 2025

Latest Companion Bill Action

HR 119-3849
Introduced in House
  • May 19, 2025
    Introduced in Senate


  • May 19, 2025
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.


  • June 9, 2025

    Latest Companion Bill Action

    HR 119-3849
    Introduced in House

Government Operations and Politics

Related Bills

  • HR 119-3849: STABLE GENIUS Act

STABLE GENIUS Act

USA119th CongressS-1803| Senate 
| Updated: 5/19/2025
The STABLE GENIUS Act aims to prevent conflicts of interest by prohibiting the President, Vice President, Members of Congress, and candidates for these offices from engaging in financial transactions involving digital assets . This prohibition covers a broad range of activities, including the issuance, purchase, sale, or holding of cryptocurrencies and similar technologies, as well as synthetic or aggregated interests in such assets. The restrictions apply during their candidacy, throughout their term of service, and for a full year after their service concludes. To comply, covered individuals must place any existing digital assets into a qualified blind trust , which requires prior approval from an ethics office and mandates the trustee to divest assets within six months. Trustees must also certify annually that no information about the trust's assets or transactions has been shared with the individual, and they cannot have close personal or business ties. Violations can lead to substantial civil penalties, including fines up to $250,000 and disgorgement of profits, and knowing criminal violations may result in fines, up to 18 years imprisonment, or both, particularly if significant financial harm or benefit occurs.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 19, 2025
Introduced in Senate
May 19, 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Jun 9, 2025

Latest Companion Bill Action

HR 119-3849
Introduced in House
  • May 19, 2025
    Introduced in Senate


  • May 19, 2025
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.


  • June 9, 2025

    Latest Companion Bill Action

    HR 119-3849
    Introduced in House
Michael F. Bennet

Michael F. Bennet

Democratic Senator

Colorado

Homeland Security and Governmental Affairs Committee

Government Operations and Politics

Related Bills

  • HR 119-3849: STABLE GENIUS Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted