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Code · BILL · 119th Congress · S. 4092 (Introduced in Senate) — To amend the Social Security Act to prohibit the Social Security Trust Funds from investing in cryptocurrency. · Sec. 2

Sec. 2. Prohibit Social Security Trust Funds from investing in cryptocurrency

173 words·~1 min read·/bill/119/s/4092/is/section-2

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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: For purposes of subsection (d)— the term digital asset has the same meaning given such term in section 2 of the GENIUS Act ( 12 U.S.C. 5901 ); and the term crypto-related investment means— 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; any stock or bond of a public company that— substantially derives its value from holdings of digital assets; or primarily derives revenue from providing products or services (including issuance, trading, management, distribution, custody, settlement, or similar services) related to digital assets; or any other asset or investment whose value is tied to, or derived from, digital assets. .
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  • 15 USC 80a–1
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Sec. 2
Prohibit Social Security Trust Funds from investing in cryptocurrency
Cite15 USC 80a–1
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