This legislation establishes a comprehensive ethics and governance framework that directly regulates how federal officials interact with digital assets. Specifically, the 'End Crypto Corruption Act' prohibits the President, Vice President, members of Congress, and Senate-confirmed appointees from issuing, sponsoring, or endorsing cryptocurrencies, stablecoins, or tokens for remuneration, while explicitly preserving their right to hold or trade public digital assets. Additionally, the bill restricts the operation of certain prediction markets by banning registered entities from listing event contracts on political elections, sporting events, or military actions.

The legislation updates federal fraud laws to explicitly protect digital assets and crypto credentials. By amending the definition of an "access device" under federal criminal law, the bill includes cryptographic keys, tokens, digital asset private keys, and recovery phrases. This change ensures that the theft or unauthorized use of these critical crypto security elements is prosecuted under federal fraud statutes, while also increasing criminal penalties for fraud targeting older Americans.

This legislation permanently prohibits the Federal Reserve Board of Governors and Federal reserve banks from issuing or creating a central bank digital currency (CBDC). By amending the Federal Reserve Act, the bill establishes a definitive ban on the development and deployment of a government-backed digital dollar in the United States, halting any administrative plans to implement state-run digital currency infrastructure.

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.

SEC Reform and Restructuring Act

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.

Stop Crypto ATM Scams Act

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