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Senator Proposes Ban on Crypto Holdings in Social Security

Senator Proposes Ban on Crypto Holdings in Social Security

Senator Dick Durbin, D-Illinois, introduced a bill to prevent Social Security funds from being invested in cryptocurrencies, a rebuke of President Donald Trump’s affinity for the asset class.

Currently, Social Security funds are held in U.S. Treasurys, and Trump has not called for the funds to be invested in cryptocurrency, but he issued an executive order in August 2025 encouraging defined contribution investment in alternative assets—including digital assets.

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“Social Security is a bedrock promise that hardworking Americans who pay into the program will earn their retirement,”…

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