Stop Presidential Profiteering from Digital Assets Act

# Stop Presidential Profiteering from Digital Assets Act Summary **What the Bill Does** This bill would prohibit sitting and former U.S. presidents from profiting from digital assets, including cryptocurrencies and NFTs (non-fungible tokens). If passed, it would require presidents to divest from or place digital assets into a blind trust before taking office, similar to existing rules for other types of investments. The bill aims to prevent potential conflicts of interest where a president's policy decisions could benefit their personal cryptocurrency or digital asset holdings. **Who It Affects and Key Provisions** The bill directly impacts current and former presidents, requiring them to separate themselves from digital asset ownership during their presidency. It establishes rules around what presidents can and cannot own financially while in office, expanding existing ethics and conflict-of-interest laws that already apply to other types of investments.

The legislation essentially treats digital assets the same way the government treats other investments when it comes to presidential financial disclosures and restrictions. **Current Status** The bill is currently in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. It was sponsored by Rep. Ritchie Torres (D-NY) in the 119th Congress. For the bill to become law, it would need to pass through committee review, survive a full House vote, pass the Senate, and be signed by the president.