This legislation aims to combat illegal revenue generation and weapons proliferation funding by North Korea, specifically targeting deceptive remote IT employment and identity fraud schemes. It authorizes the Department of State to coordinate with international allies and engage private sector entities, including digital asset platforms, cybersecurity firms, and financial institutions. By enhancing information sharing and tracking illicit money laundering networks, the bill seeks to disrupt North Korea's evasion of global sanctions.

This resolution directs the Senate Legal Counsel to file a lawsuit against President Donald J. Trump for alleged violations of the Foreign Emoluments Clause. It highlights several business transactions as unauthorized foreign emoluments, including a $500 million foreign investment in the Trump family's cryptocurrency project, World Liberty Financial, a multi-billion dollar stablecoin deal involving Binance, and the sale of $635 million in a $TRUMP memecoin to foreign nationals.

This legislation would authorize the President to issue cyber letters of marque and reprisal, commissioning private entities to conduct cyber operations against foreign cyberthreats. In the context of digital assets, these authorized actions include tracking, seizing, and repatriating stolen cryptocurrencies to American victims. The bill aims to combat ransomware and crypto-enabled scams by leveraging private sector capabilities, providing liability protection for operators, and establishing bounty programs funded by a portion of the recovered digital assets, all with the stated goal of allowing lawful digital asset innovation to grow safely.

This Senate resolution expresses the formal opinion of the Senate that FTX co-founder Samuel Bankman-Fried should not receive any form of presidential clemency, including a pardon or commutation. It highlights the massive scale of the multi-billion-dollar FTX collapse, affirms the 25-year prison sentence delivered in 2024, and rejects attempts to characterize his prosecution as "lawfare." The resolution emphasizes that permanent accountability is essential to protect investors and maintain public confidence in financial markets.

To establish the Federal Cryptocurrency Theft Task Force, and for other purposes.

To amend the Bank Secrecy Act to require the registration of digital asset kiosk operators and to require such operators to comply with anti-money laundering and anti-fraud requirements, and for other purposes.

This legislation amends the Internal Revenue Code to apply wash sale and constructive sale rules to digital assets, closing tax loopholes that currently allow investors to immediately repurchase sold assets. The bill excludes qualified U.S. dollar stablecoins from these rules and provides a specific exception for digital assets acquired through transaction validation activities, such as mining and staking. It also establishes standardized definitions for digital assets, wrapped assets, and stablecoins.

This legislation establishes clear federal tax rules for income derived from mining and staking digital assets. It permits taxpayers to elect to defer the inclusion of newly minted digital assets in their gross income until the assets are disposed of, rather than taxing them immediately upon receipt. Additionally, the bill allows widely traded fixed investment trusts to engage in digital asset staking without losing their tax status as trusts, and provides formal statutory definitions for mining, staking, and digital assets.

Digital Assets Voluntary Disclosure Program Act

To amend the Internal Revenue Code of 1986 to reduce certain tax compliance burdens with respect to digital asset ownership, and for other purposes.