,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cegc  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ba1 #bjbe,ms4  
,waters 7for herself1 ,mr4 ,foster1 ,ms4
 ,tlaib1 ,mrs4 ,beatty1 ,ms4 ,velzquez1 
,mr4 ,lynch1 ,mr4 ,green of ,texas1 ,ms4
 ,garcia of ,texas1 ,mr4 ,sherman1 ,mr4 
,cleaver1 ,mr4 ,fields1 and ,mr4        
,vargas7 introduced the following bill2 
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
establish certain digital asset         
prohibitions with respect to elected    
,government officials1 and for other    
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,stop ,trading1     
,retention1 and ,unfair ,market ,payoffs
 in ,crypto ,act of #bjbe or the ,stop  
,,trump in ,crypto ,act of #bjbe4  #b4  
,prohibition on covered individuals in  
connection with digital assets  7a7 ,in 
general ,a covered individual may not-- 
7#a7 own a proportion of a digital asset
 that would allow the individual to     
unilaterally make changes to the digital

 asset2  7#b7 serve as an officer1      
director1 or owner of a digital asset   
issuer2  7#c7 issue1 sponsor1 promote1  
or receive any direct or indirect       
compensation1 including fees1 for the   
sale1 marketing1 or mining of any       
digital asset in the ,united ,states or 
to a ,united ,states person2 or  7#d7   
trade digital assets while in office1 if
 the covered individual has material    
non-public information about digital    
assets4  7b7 ,prohibition on certain    
companies acting on behalf of a covered 
individual ,an issuer required to file  
reports with the ,securities and        
,exchange ,commission under section #ac 
of the ,securities ,exchange ,act of    
#aicd may not issue or sell1 or         
otherwise transact with respect to1 a   
digital asset on behalf of a covered    
individual4  7c7 ,penalties ,section    
#baf of title #ah1 ,united ,states      
,code1 shall apply to a violation of    
this section to the same extent as such 
section #baf applies to a violation of  

section #bjc1 #bjd1 #bje1 #bjg1 #bjh1 or
 #bji of such title4  #c4 ,prohibition  
on indirect participation through       
intermediaries and beneficial ownership 
7a7  ,anti-,evasion rule  ,a covered    
individual may not take any action      
prohibited by this ,act through any     
trust1 corporation1 partnership1 limited
 liability company1 unincorporated      
association1 political committee1       
nonprofit organization1 or other entity 
or person1 including any digital wallet 
or protocol1 if such covered            
individual--  7#a7 directly or          
indirectly exercises control over such  
entity2  7#b7 acts through such entity  
as a beneficial owner2 or  7#c7 has     
received or expects to receive          
compensation1 financial benefit1 or     
influence as a result of the entity's   
engagement in digital asset activities  
described in this ,act4  7b7 ,definition
 of beneficial owner ,in this section1  
and with respect to an entity1 the term 
beneficial owner includes any individual

 who1 directly or indirectly-- 7#a7 has 
a financial interest in1 or receives    
material benefit from a digital asset   
issuer2  7#b7 has the ability to        
influence1 direct1 or control decisions 
of such entity or digital asset         
activity1 whether formal or informal2   
7#c7 has any ownership interest of #e   
percent or more in such entity1         
including through trusts1 nominee       
arrangements1 or contractual rights2 or 
7#d7 is a grantor1 trustee1 or          
beneficiary of a trust that holds such  
interests4  7c7 ,look-,through          
requirement ,any prohibition or         
disclosure requirement in this ,act     
shall apply to covered individuals with 
respect to any digital asset held       
indirectly or through any arrangement   
intended to conceal beneficial ownership
 or control4  #d4 ,definitions ,in this 
,act3 7#a7 ,covered individual defined  
,the term covered individual means--    
7,a7 the ,president2  7,b7 the ,vice    
,president2  7,c7 a ,member of          

,congress2 or  7,d7 the spouse1 child1  
son-in-law1 or daughter-in-law1 as      
determined under applicable common law1 
of any individual described in          
subparagraph 7,a71 7,b71 or 7,c74  7#b7 
,digital asset  ,the term digital asset 
means any digital representation of     
value which is recorded on a            
cryptographically-secured distributed   
ledger1 including a stablecoin1 a       
memecoin1 and any financial contract or 
product or instrument that derives its  
value from a digital asset1 including-- 
7,a7 futures1 options1 or swaps         
referencing a digital asset2  7,b7 any  
security or trust whose primary assets  
or benchmark are digital assets2  7,c7  
yield-bearing digital asset products    
including staking1 lending1 or          
decentralized finance protocols2  7,d7  
non-fungible tokens2 and  7,e7          
decentralized autonomous organization   
tokens4  7#c7 ,distributed ledger ,the  
term distributed ledger means technology
 where data is shared across a network  

that creates a digital ledger of        
verified transactions or information    
among network participants and the data 
are typically linked using cryptography 
to maintain the integrity of the ledger 
and execute other functions4  7#d7      
,member of ,congress ,the term ,member  
of ,congress means a ,senator or a      
,representative in1 or a ,delegate or   
,resident ,commissioner to1 the         
,congress4