This bill prevents people from making money off digital assets that use the names or images of certain federal officials. It aims to protect these officials from exploitation for financial gain.
If you are a federal official, this bill protects you from others profiting off your name or image without permission.
Who this affects
Federal officials · President · Vice President · Members of Congress
What changes is this bill making?
1This bill bans using the names or images of federal officials for digital assets.
2It applies to the President, Vice President, members of Congress, and their families.
3The Securities and Exchange Commission will enforce this law and set penalties.
4Violators could face fines up to $250,000 or more based on their profits.
5No consent from the officials can protect someone from being penalized.
