$ETH Attention! The new anti-insider trading bill in the U.S. Senate has made further progress.

On December 10th, the 119th Congress S.1498 bill was officially scheduled for debate in the Senate. This bill was actually proposed as early as April 2025 and has already passed the initial review by the Senate Homeland Security and Governmental Affairs Committee. It is now moving forward.

The bill's measures are quite strict. It directly bans members of Congress, the President, and other federal officials from engaging in stock trading, derivatives trading, and other financial asset operations during their terms. Only two types of assets are allowed: government bonds and decentralized funds. At the same time, these officials are required to dispose of their restricted assets within a certain period and to proactively disclose their holdings annually. Violations will result in fines and the confiscation of gains.

Essentially, this bill is a patch for the current STOCK Act. As is well known, the public has long been criticizing U.S. politicians for using information advantages to conduct insider trading. This new bill aims to close these loopholes with stricter rules.

Overall, this is an upgrade in the regulation of public officials' financial conduct by U.S. authorities. The underlying logic is clear: to resolve conflicts of interest and insider trading issues through制度 and penalties.