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No Crypto in Social Security Act
To amend the Social Security Act to prohibit the Social Security Trust Funds from investing in cryptocurrency.
Summary
This bill prohibits the Social Security Trust Funds from investing in cryptocurrency and crypto-related assets. It broadly defines crypto investments to include digital assets, investment funds based on digital asset futures, stocks of companies that derive substantial value from cryptocurrency, and any other assets tied to digital assets. The prohibition applies to all investments by the Social Security Trust Funds going forward.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Richard J. Durbin’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- SIMMONS HANLY CONROY LLC $19,133
- THE GORI LAW FIRM $18,300
- CLIFFORD LAW OFFICES PC $17,750
- POWER ROGERS & SMITH LLP $17,300
- MAUNE RAICHLE HARTLEY FRENCH & MUDD $14,638
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Richard J. Durbin → · Outside spending →
Actions (2)
- Mar 12, 2026 Read twice and referred to the Committee on Finance. (text: CR S1049) · senate
- Mar 12, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
March 12, 2026
Mr. Durbin introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Social Security Act to prohibit the Social Security Trust Funds from investing in cryptocurrency.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “No Crypto in Social Security Act”.
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—
(1) 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
(2) 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.”. <all>
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