Section 1 Short title
This Act may be cited as the “No Crypto in Social Security Act”.
No Crypto in Social Security Act
A BILL
To amend the Social Security Act to prohibit the Social Security Trust Funds from investing in cryptocurrency.
Sec. 2 Prohibit Social Security Trust Funds from investing in cryptocurrency
Section 201 of the Social Security Act (42 U.S.C. 401) is amended—
in subsection (d), by inserting after the second sentence the following: “Such investment may not be made in any digital asset or any crypto-related investment.”; and
by adding at the end the following new subsection:
“(o) For purposes of subsection (d)—
“(1) the term digital asset has the same meaning given such term in section 2 of the GENIUS Act (12 U.S.C. 5901); and
“(2) the term crypto-related investment means—
“(A) any investment fund under the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) related to futures on digital assets (as so defined) or on digital asset indices;
“(B) any stock or bond of a public company that—
“(i) substantially derives its value from holdings of digital assets; or
“(ii) primarily derives revenue from providing products or services (including issuance, trading, management, distribution, custody, settlement, or similar services) related to digital assets; or
“(C) any other asset or investment whose value is tied to, or derived from, digital assets.”