No Crypto in Social Security Act

Richard J. Durbin

Democrat · IL · Senator

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Read twice and referred to the Committee on Finance. (text: CR S1049)

2026-03-12

Source: Congress.gov

This bill would prevent the Social Security Administration from investing or holding cryptocurrency as part of the Social Security trust funds that pay retirement and disability benefits to millions of Americans. The measure aims to keep Social Security's finances tied to traditional, stable investments rather than the volatile crypto market. It would affect retirees, disabled workers, and anyone relying on Social Security payments by ensuring their benefits are backed by more conventional financial assets.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4092 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4092 To amend the Social Security Act to prohibit the Social Security Trust Funds from investing in cryptocurrency. _______________________________________________________________________ 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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