Crypto Legislative Tracker

Status: Referred to the House Committee on Financial Services (07-16-2025)

HR 4438 would prohibit the Federal Reserve from issuing and the Treasury from ordering the issuance of a CBDC without Congressional authorization.

Introduced: 07/16/2025

Original Sponsor(s): Auchincloss (D-MA)

Status: Introduced

HR 4394 would establish a public-private partnership program to explore ways to incorporate AML compliance into smart contracts and develop related policy recommendations. It would also direct Treasury to issue a rule requiring DeFi services to implement risk-based AML and sanctions compliance programs.

Introduced: 07/15/2025

Original Sponsor(s): Casten (D-IL)

Status: Referred to Commitee on Financial Services and the Committee on Veterans Affairs

HR 4374 would require agencies to update underwriting guidelines so that lenders consider a borrower’s crypto exchange brokerage account balances when evaluating mortgage applications.

Introduced: 07/14/2025

Original Sponsor(s): Mace (R-SC)

Status: Read twice and referred to Committee on Finance (6-30-25)

S. 2207 seeks to define the term “digital asset” as any digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the Secretary. Press Release

Introduced: 06/30/2025

Original Sponsor(s): Lummis (R-WY)

Status: Read twice and referred to Committee on Finance (6-30-25)

H.R. 3798 seeks to codify Executive Order 14233 relating to establishment of the strategic Bitcoin reserve and United States digital asset stockpile.

Introduced: 06/06/2025

Original Sponsor(s): Burchett (R-TN)

Status: Referred to Committee on the Judiciary (6-5-25)

S. 1975 seeks to target international fentanyl trafficking through the dark web and increase penalties on individuals convicted of trafficking illegal drugs on the dark web. The legislation would also direct the Department of Justice, Department of Homeland Security, and Treasury Department to issue a report to Congress detailing the use of cryptocurrency in drug trafficking in the dark web and recommendations to curb this. Press Release

Introduced: 06/05/2025

Original Sponsor(s): Hassan (D-NH), Cornyn (R-TX)

Status: Passed House 7/17/2025

H.R. 3633 seeks to establish a regulatory framework for digital assets. It seeks to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes.
Document: Mindset Memo

Introduced 05/21/2025

Original Sponsor(s): Hill (R-AZ), Thompson (R-PA), Craig (D-MN), Emmer (R-MN), Johnson (R-SD), Davis (D-NC), Steil (R-WI), Torres (D-NY), Davidson (R-OH)

Status: Referred to the Committee on Homeland Security and Governmental Affairs (5-21-25)

S. Res. 245 resolution condemns the financial entanglements of President Trump and his memecoin, $TRUMP.

Introduced 05/21/2025

Original Sponsor(s): Blumenthal (D-CT)

Status: Referred to the Committee on Homeland Security and Governmental Affairs (5-21-25)

S. Res. 243 condemns the financial entanglements between World Liberty Financial and President Trump, his family, and the Trump administration.

Introduced 05/21/2025

Original Sponsor(s): Blumenthal (D-CT)

Status: Referred to House Committee on Financial Services (5-21-25)

H.R. 3573 would prohibit covered individuals — namely the President, Vice President, Member of Congress, and family members of these individuals — from issuing, sponsoring, promoting, or receiving any direct or indirect compensation for the sale, marketing, or mining or any digital assets. Covered individuals would also be prohibited from owning a proposal of a digital asset that would allow them to make unilateral changes to the digital asset, trade digital assets if they have access to material non-public information, and serve as an office, director, or owner of a digital asset issuer.

Introduced 05/21/2025

Original Sponsor(s): Waters, Velázquez (D-NY), Sherman (D-CA), Meeks (D-NY), Lynch (D-MA), Green (D-TX), Cleaver (D-MO), Foster (D-IL), Beatty (D-OH), Vargas (D-CA), Casten (D-IL), Tlaib (D-MI), Torres (D-NY), Garcia (D-TX), Fields (D-LA)

Status: Referred to House Financial Services Committee (5-21-25)

H.R. 3533 seeks to provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services. Press Release

Introduced 05/21/2025

Original Sponsor(s): Emmer (R-MN), Torres (D-NY)

Status: Advanced (voice vote) out of House Committee on Veterans' Affairs (7-23-25)

H.R. 3345 would direct the the Secretary of Veterans Affairs to conduct a comprehensive study on the use of distributed ledger technology in the Department of Veterans Affairs.

Introduced 05/15/2025

Original Sponsor(s): Mace (R-SC)

Status: Referred to the House Committee on Financial Services (5-8-25)

H.R. 3314 would prohibit the issuance or sale of digital assets that use the name or likeness of federal officials and their families for personal gain.

Introduced 05/8/2025

Original Sponsor(s): Torres (D-NY)

Status: Placed on Senate Legislative Calendar under General Orders. Calendar No. 71 (5-8-25)

S. 1668 would prohibit the President, Vice President, Members of Congress, and Senate-confirmed individuals from issuing, sponsoring, or endorsing certain financial instruments, including cryptocurrency, meme coins, tokens, non-fungible tokens, stablecoins, or other digital assets.

Introduced 05/7/2025

Original Sponsor(s): Merkley (D-OR), Warren (D-MA), Schumer (D-NY), Hirono (D-HI), Van Hollen (D-MD), Reed (D-RI), Gillibrand (D-NY), Cortez masto (D-NV), Wyden (D-OR), Sanders (D-VT), Kim (D-NJ), Alsobrooks (D-MD), Booker (D-NJ), Markey (D-MA), Duckworth (D-IL), Slotkin (D-MI), Kelly (D-AZ), Blunt Rochester (D-DE), Blumenthal (D-CT)

Status:

• S.1492 Hearings held by Committee on Banking, Housing, and Urban Affairs. (7-9-25)

• H.R.1664 Received in Senate (6-24-25)

S. 1492 / H.R. 1664 seeks to require the Commerce Department to support U.S. leadership in the use of blockchain and distributed ledger technology (DLT). The bill would require Commerce to advise the President on blockchain deployment and DLT related policies and would direct Commerce to create advisory committees to support this work.

Senate S. 1492

• Introduced 04/10/2025

• Original Sponsor(s): Moreno (R-OH), Blunt Rochester (D-DE), Sheehy (R-MT)

House H.R. 1664

• Introduced 2/27/2025

• Original Sponsor(s): Cammack (R-FL), Soto (D-FL)

Status: Referred to Committee on Agriculture, Nutrition, and Forestry (4-1-25)

S. 1223 would amend the Commodity Exchange Act to prohibit foreign adversary interference in U.S. digital commodity markets.

Introduced 04/01/2025

Original Sponsor(s): Tuberville (R-AL), Hyde-Smith (R-MS), and Justice (R-WV)

Status:

• H.R.2544: Referred to Committee on Education and Workforce (4-1-25)

• S.1222: Referred to Committee on Health, Education, Labor, and Pensions (4-1-25)

H.R. 2544 / S. 1222 would prohibit the Department of Labor (DOL) from restricting the amounts or kinds of investment that may be offered to participants and beneficiaries of individual retirement accounts. Lawmakers first introduced the legislation in 2022 in response to DOL guidance which would bar 401(k) investors from investing in cryptocurrency.

Introduced 04/01/2025

House
Original Sponsor(s): Donalds (R-FL)

Senate
Original Sponsor(s): Tuberville (R-AL), Lummis (R-WY), Justice (R-WV), Scott (R-FL)

Status: Placed on Union Calendar No. 67

H.R. 2384 seeks to establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.

Introduced 03/26/2025

Original Sponsor(s): Nunn (R-IA), Himes (D-CT)

Status: Referred to the Committee on Finance (3-27-25)

S.1188 would provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products. The bill would incentivize entrepreneurs and crypto miners to use natural gas that would otherwise be stranded.

Introduced: 03/27/2025

Original Sponsor(s): Cruz (R-TX)

Status: Referred to House Committee on House Committee on Financial Services (3-26-25)

H.R. 2365 would exclude assets sold pursuant investment contracts from the definition of “security” under federal securities law.

Introduced: 03/26/2025

Original Sponsor(s): Emmer (R-MN), Soto (D-FL)

Status: Referred to House Committee on Foreign Affairs (3-25-25)

H. Res. 248 urges various agencies to explore and support the development and application of distributed ledger technologies (DLT) to strengthen democratic governance, enhance transparency, and combat censorship. The resolution calls for stakeholder engagement, including with technology experts, civil society, and international partners to enhance these efforts. Further, the resolution affirms the importance of U.S. leadership in developing a regulatory and policy framework that encourages the ethical use of DLT and addresses the risk of misuse by malign actors.

Introduced: 03/25/2025

Original Sponsor(s): Amo (D-RI), Kim (R-CA)

Status: Placed on Union Calendar No. 68

H.R. 2392 would regulate issuers of payment stablecoins and establish a clear process under which stablecoins may be issued by nonbank issuers.

Introduced 03/26/2025

Original Sponsor(s): Steil (R-WI), Hill (R-AR), Torres (D-NY), Emmer (R-MN), Huizenga (R-MI), Meuser (R-PA), Kim (R-CA), Moore (R-NC), Downing (R-MT), Haridopolos (R-FL), Gottheimer (D-NJ), Liccardo (D-CA)

H.R. 2702 and S. 875 seek to remove reputational risk as a consideration in the determination of safety and soundness for regulated financial institutions.

House H.R. 2702 Activity

• Status: Advanced out of Financial Services Committee (5/21/2025)

• Introduced 04/08/2025

• Original Sponsor(s): Barr (R-KY), Torres (D-NY), McClain (R-MI), Lucas (R-OK), Loudermilk (R-GA), Rose (R-TN), Wagner (R-MO), Stutzman (R-IN), Timmons (R-SC), Fitzgerald (R-WI), Moore (R-NC), Messmer (R-IN), Ogles (R-TN), Downing (R-MT), Sessions (R-TX), LaMalfa (R-CA), Grothman (R-WI)

Senate S. 875 Activity

• Status: Placed on Senate Legislative Calendar No. 32 (3-18-25)

• Introduced 03/06/2025

• Sponsor(s): Scott (R-SC), Crapo (R-ID), Rounds (R-SD), Tillis (R-NC), Kennedy (R-LA), Hagerty (R-TN), Lummis (R-WY), Britt (R-AL), Ricketts (R-NE), Banks (R-IN) Cramer (R-ND), Moreno (R-OH), McCormick (R-PA)

Status: Advanced out of Committee

H.R. 1919 would curtail the Fed's ability to develop and offer a CBDC, or digital dollar. The bill seeks to block the Fed from offering "products or services directly to an individual," effectively banning a retail CBDC, and ban the Fed from using a CBDC to "implement monetary policy." The bill would also require the Fed's Board of Governors to consult with regional Fed banks before launching a study or pilot program on CBDCs, as well as require quarterly reports on findings and determinations made on the issue.

Introduced 05/06/2025

Original Sponsor(s): Emmer (R-MN)

Status: Received in the Senate, referred to Committee on Commerce, Science, and Transportation (7-15-25)

H.R. 1919 bill directs the FTC and Commerce to study how blockchain can enhance consumer protection, includes a series of pro-blockchain findings, and directs the FTC to report to Congress with recommendations for addressing fraud in the token marketplace.

Introduced: 03/05/2025

Sponsor(s): Soto (D-FL), Trahan (D-MA), Castor (D-FL), Houchin (R-IN)

Status: Referred to Committee on Oversight and Government Reform

S. 1620 / H.R. 1712 would bar the President, VP, Congress members, executive branch officials, and their families from issuing, sponsoring, or endorsing digital assets, including any security, future, or commodity. | Press Release

Introduced 05/06/2025

Original Sponsor(s):

• Senate: Murphy (D-CT)

• House: Liccardo (D-CA)

• 29 co-sponsors

Status: Introduced

S. 710 seeks to amend title 31, United States Code, to prevent fraudulent transactions at virtual currency kiosks, and for other purposes. The Crypto ATM Fraud Prevention Act of 2025 seeks to curb fraud at virtual currency kiosks by requiring operators to register each kiosk with the Treasury Department and provide detailed transaction disclosures to customers. It mandates robust anti-fraud policies, blockchain analytics, verbal confirmations for new customers, and refund procedures for fraud victims. The bill imposes strict compliance, reporting, and penalty standards on kiosk operators while enhancing coordination with law enforcement. | One-page overview.

Introduced 02/25/2025

Sponsor(s): Durbin (D-IL), Blumenthal (D-CT), Reed (D-RI), Welch (D-VT)

Status: Introduced

H.R 1430 / S. 464 would prevent the Federal Reserve, Treasury, or any other federal agency from minting or issuing a central bank digital currency (CBDC). The Act also prohibits the Fed from holding CBDCs on its balance sheet and prevents from using a CBDC to conduct monetary policy.

House Activity
Introduced 02/18/2025
Original Sponsor(s): Ogles (R-TN)

Senate Activity
Introduced 02/06/2025
Original Sponsors: Lee (R-UT), Cruz (R-TX), Scott (R-FL)

Status: Introduced

H. Res. 111 expresses support for blockchain technology and digital asset development and entrepreneurs. This resolution also seeks to place digital asset development in the financial ecosystem as a topic of utmost importance. The resolution would direct the U.S. to enact a functional framework for different digital asset-related activities, push for U.S. leadership in digital assets, and encourage innovation in the U.S.

Introduced 02/05/2025

Original Sponsor(s): Johnson (R-SD), Steil (R-WI), Davis (D-NC), Torres (D-NY)

Status: Advanced (unanimous) out of Senate (6-26-2025)

S. 257 would require the Department of Commerce's Assistant Secretary for Industry and Analysis to promote the stability and resilience of critical supply chains. The bill would create a Supply Chain Resilience Working Group charged with identifying gaps or vulnerabilities in supply chain systems and responding to supply chain shocks in consultation with the private sector. The bill would require identification of critical and emerging technologies, industries, and supply chains. The bill defines emerging technologies to include blockchain technology and separately requires the Working Group to submit a report on a National Strategy and Review which details methods and technologies, including blockchain and distributed ledger technology, for the authentication and traceability of critical goods.

Introduced 01/27/2025

Original Sponsor(s): Cantwell (D-WA), Blackburn (R-TN), Blunt Rochester (D-DE)

Status: Became public law (4-20-2025)

The House Joint Resolution 25 CRA would repeal the Treasury’s final rule on DeFi broker reporting requirements, issued in December 2024.

Introduced 01/21/2025

Original Sponsor(s): Carey (R-OH), Emmer (R-MN), Davidson (R-OH), Crank (R-CO), Tenney (R-NY), Thanedar (D-MI), Nunn (R-IA), Kustoff (R-TN), Timmons (R-SC), Downing (R-MT)