S. 4092Senate119th Congress (2025-2027)In Committee

No Crypto in Social Security Act

Introduced March 12, 2026

AI-Generated Summary

Updated March 25, 2026 at 3:52 AM UTC

The bill would change the Social Security Act to bar the Social Security Trust Funds from putting any money into cryptocurrency or other digital‑asset investments. It adds a clear prohibition and defines what counts as a digital asset or crypto‑related investment, so the trust funds can only invest in traditional assets. This affects how the trust funds are managed and what types of investments they may hold.

Key Provisions

  • Amends Section 201(d) of the Social Security Act to state that the trust funds may not invest in any digital asset or crypto‑related investment.
  • Adds a new subsection defining “digital asset” by reference to the GENIUS Act and defining “crypto‑related investment” to include futures on digital assets, stocks or bonds of companies whose value or revenue comes mainly from digital assets, and any other asset whose value is tied to digital assets.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

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

March 12, 2026

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SenateIntro Referral

Introduced in Senate

March 12, 2026

SenateIntro Referral

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

March 12, 2026

Floor Debate

3 members

What members said about S. 4092 on the floor

3 Democrats
Jack Reed
Sen. Jack ReedD-RI · Mar 12, 2026

Mr. President, service is a core American value. We take inspiration from those who have answered the call to serve, whether in defense of our Nation abroad or in strengthening our communities at…

Peter Welch
Sen. Peter WelchD-VT · Mar 12, 2026

Mr. President, I would like to speak briefly, if I may, on another subject. During the war in Gaza, more than 20,000 children have been killed so far. There have been thousands of atrocities in Gaza.…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 12, 2026

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 12, 2026

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued March 12, 2026

II

119th CONGRESS

2d Session

S. 4092

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.

1.

Short title

This Act may be cited as the No Crypto in Social Security Act.

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.

.