Summary
Democratic Senator Dick Durbin has proposed new legislation to stop Social Security funds from being invested in cryptocurrency, aiming to protect them from financial risks. The bill, called the No Crypto in Social Security Act, would ensure these funds only invest in U.S. Treasury securities. This comes as President Trump promotes the expansion of cryptocurrency in the U.S. financial system.
Key Facts
- Senator Dick Durbin introduced a bill to prevent Social Security from investing in cryptocurrency.
- The Social Security Trust Funds are valued at $2.56 trillion as of January.
- The proposed law would only allow Social Security funds to invest in U.S. Treasury securities.
- President Trump has encouraged the growth of cryptocurrency in the U.S.
- Trump administration actions have made it easier for retirement plans to invest in digital assets.
- The bill aims to maintain the stability and predictability of the Social Security program.
- Cryptocurrency markets can be volatile, as seen with a 45% drop in value from October 2025 to March 2026.
- The bill is now with the Senate Committee on Finance for review.
