S. 1668: End Crypto Corruption Act of 2025

The End Crypto Corruption Act of 2025 is a proposed law aimed at preventing financial misconduct related to cryptocurrencies and similar digital assets by certain high-ranking officials in the U.S. government. Here is a breakdown of its key components:

Prohibited Financial Transactions

The bill defines what constitutes a prohibited financial transaction for specific government officials, which include:

• The President
• The Vice President
• Members of Congress
• Individuals appointed to Senate-confirmed positions
• Special Government employees associated with the Executive Office of the President

Covered individuals are prohibited from:

• Issuing, sponsoring, or endorsing cryptocurrencies, meme coins, tokens, non-fungible tokens (NFTs), stablecoins, or other digital assets for profit.
• Engaging in related financial interests (e.g., through derivatives or investment funds) during their term of service and for one year after leaving office.

Exclusions

The bill clarifies that simply buying, selling, or holding financial assets publicly available does not fall under this prohibition.

Civil Penalties

The Attorney General can initiate civil actions against covered individuals who violate the prohibition on financial transactions. Penalties may include:

• A monetary penalty of up to 10% of the value of the transaction or financial benefit received, whichever is greater.
• Disgorgement of any profit from the prohibited conduct to the U.S. Treasury.

Criminal Penalties

The bill proposes criminal charges for knowingly violating these provisions, which could lead to:

• A fine or imprisonment for up to five years.
• Potential disqualification from holding a federal office for those convicted of bribery or other corrupt practices related to these violations.

Intent and Liability

To incur criminal liability, it is not necessary to prove that the individual intended to create a financial interest through prohibited actions. The bill also emphasizes that actions violating the proposed law will be viewed as unofficial acts, thus affecting liability protections.

Implications

This legislation aims to ensure transparency and integrity among high-ranking government officials regarding their involvement in the cryptocurrency market, reducing the potential for corruption and conflicts of interest.

Relevant Companies

None found