Prohibits certain individuals from engaging in financial transactions involving digital assets.
The STABLE GENIUS Act prohibits certain individuals from engaging in financial transactions involving digital assets. These individuals include the President, Vice President, Senators, Representatives, Delegates to Congress, Resident Commissioner of Puerto Rico, and candidates for these offices. The bill defines "digital asset" as any digital representation of value recorded on a cryptographically secured distributed ledger. "Prohibited financial transaction" includes issuance, sponsorship, endorsement, purchase, sale, holding, or acquisition of digital assets.
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