Federal Legislation
Senator Durbin Proposes Crypto Ban for Social Security Funds
March 14, 2026
Senator Dick Durbin has introduced the No Crypto in Social Security Act, legislation aimed at prohibiting the Social Security Trust Funds from investing in cryptocurrencies. This bill seeks to protect the retirement benefits of millions of Americans by mandating that these funds remain invested exclusively in U.S. Treasury securities, thereby avoiding the volatility and risks associated with crypto assets. Procurement professionals and contractors involved with federal financial management and investment oversight should note this legislative effort as it could influence future investment policies and regulatory compliance requirements related to government-managed funds.
- The legislation targets the Social Security Trust Funds, a significant federal financial entity, emphasizing risk mitigation in government investment strategies.
- If enacted, this act would restrict the types of assets permissible for federal trust fund investments, impacting financial service providers and contractors supporting these funds.
- Procurement and compliance teams should prepare for potential policy shifts that reinforce conservative investment mandates and limit exposure to emerging asset classes like cryptocurrencies.
- Financial technology vendors and advisors may see changes in demand as government entities adjust investment frameworks to comply with new statutory restrictions.
My bill will ensure the Social Security Trust Funds are never gambled away on cryptocurrencies, preventing this risky asset from backing Americansโ retirement funds and blocking the President from further lining his own pockets.
— Dick Durbin
Agencies
Social Security Trust Funds, Department of Labor, Securities and Exchange Commission