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Analyze S2877 - No Stock Act | DoTheySupportIt

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Analyze S2877 - No Stock Act

S2877

No Stock Act

This bill prohibits certain senior government officials, including Members of Congress, the President, and Federal Reserve officials, along with their immediate families, from holding or trading "covered financial interests." These interests include most cryptocurrencies, meme coins, tokens, and non-fungible tokens. Upon assuming office, individuals must divest such assets. However, the bill explicitly excludes "payment stablecoins," as defined in the GENIUS Act, from this prohibition.

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