This bill prohibits certain government officials and their families from engaging in specified activities involving digital assets (including financial contracts, products, or instruments that derive their value from a digital asset). 

Specifically, the President, the Vice President, and Members of Congress (and their spouses, children, and children's spouses) are prohibited from

• owning a proportion of such an asset that allows the individual to unilaterally make changes to the asset;
• serving as an officer, director, or owner of an asset issuer;
• issuing, sponsoring, promoting, or receiving any direct or indirect compensation for the sale, marketing, or mining of such an asset in the United States or to a person in the United States; or
• trading assets while the official is in office if the individual has material non-public information about such assets.

The bill also prohibits indirect engagement in such activities through intermediaries such as trusts or corporations or through other arrangements intended to conceal the individual’s beneficial ownership or control.

Individuals who violate this bill are subject to penalties including fines and imprisonment.