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Recent Stances On Crypto
Tim Scott
@SenatorTimScott
My discussion draft for digital asset market structure legislation takes important steps to:
Define Ancillary Assets
Create Disclosure Requirements
Promulgate New Rules
Modernize Securities Regulations
Prevent Illicit Finance
Promote Responsible Banking Innovation
The Senate’s market structure bill would provide the crypto industry with regulatory certainty needed to unlock new investments & innovation.
Grateful for the inclusion of my provisions to ensure self-custody of digital assets & address illicit use of financial technologies.
The Senate’s market structure bill would provide the crypto industry with regulatory certainty needed to unlock new investments & innovation.
Grateful for the inclusion of my provisions to ensure self-custody of digital assets & address illicit use of financial technologies.
Nuclear energy is key to powering America’s future.
With AI and crypto surging, we need every electron available to lead in these areas.
Find out more below foxbusiness.com/politics/nucle…
Jay Powell’s weasel words do not hide the fact that the Fed is building a modern-day palace for their new HQ, and Powell’s handling of Chokepoint 2.0 unfairly targeted the digital asset industry.
Powell must go.
The GENIUS Act is a major win for American leadership in digital finance. But, on its own, it’s not enough.
Read more on the future of crypto from me and @RepNickBegich: coindesk.com/opinion/2025/0…
With @POTUS's signing of my GENIUS Act into law, we’ve built crucial momentum toward achieving regulatory certainty for digital asset market structure.
This discussion draft demonstrates a strong commitment to unlocking the full potential of the digital asset economy by delivering responsible legislation that reflects input from stakeholders, fosters innovation, and ensures the United States remains a global leader in digital assets. hagerty.senate.gov/press-releases…
Digital assets are the future, and we must ensure America is at the forefront.
Thanks to the work of @SenLummis, @SenatorHagerty, and @SenatorTimScott, the GENIUS Act will help make America the crypto capital of the world.
Digital assets are the future, and we must ensure America is at the forefront.
Thanks to the work of @SenLummis, @SenatorHagerty, and @SenatorTimScott, the GENIUS Act will help make America the crypto capital of the world.
Digital assets are the future, and we must ensure America is at the forefront.
Thanks to the work of @SenLummis, @SenatorHagerty, and @SenatorTimScott, the GENIUS Act will help make America the crypto capital of the world.
America has always led the world in financial innovation, and we aren’t slowing down now. I look forward to working with friends in the industry and across the aisle to craft market structure legislation that is pro-digital assets, pro-innovation, and pro-consumer protection.
My colleagues in the House and Senate and I share the same goal: provide clear rules of the road for digital assets.
With a bipartisan, bicameral approach, we are ensuring that the United States is positioned as the global leader in digital asset innovation. foxbusiness.com/politics/senat…
Today, @SenatorTimScott, @berniemoreno, @SenatorHagerty and I led our colleagues in releasing the discussion draft for market structure legislation that will serve as the foundation for making the U.S. the crypto capital of the world.
My bipartisan Financial Technology Protection Act just passed the House.
This is a commonsense measure to prevent bad actors, foreign governments, and terrorist groups from using digital assets to launder money, evade U.S. sanctions, and finance violence.
We laid the groundwork for U.S. crypto leadership last week. Today, we're making sure that innovation can't be weaponized by terrorists or foreign adversaries. My bipartisan bill secures our digital future and protects American lives.
The GENIUS Act is revolutionary for stablecoins. It protects consumers while promoting innovation and opportunity. It prioritizes national security and advances the U.S. dollar. Nebraska’s a major innovator in the stablecoin space and my amendment will give priority to states like ours when becoming certified.
I am very happy that President Trump has signed this legislation into law. I look forward to working with Chairman @SenatorTimScott, @SenLummis and @SenatorHagerty on a digital asset market structure bill next.
It was great to join @RepMarkAlford’s “Capitol Recap” to discuss the future of crypto in America.
Check out our discussion here: youtu.be/qL5FhCwUblE?si…
House Committee on Financial Services member @RepTimmons says crypto firms are welcome to make the US their home:"We gotta make sure that the US is the centre of that." $USDC$RLUSD$USDT
Last week was a historic one for crypto and for the United States with the passage of stablecoin legislation, one of just a few pieces of major financial legislation signed into law in the past 25 years. It marks a meaningful step toward making the United States the home for crypto.
Today we are excited to announce our seed investment in @CowrieIO, a crypto native advisory firm based in Wyoming that specializes in domestic tax compliance and entity structuring. We believe the United States is on the path to enacting comprehensive crypto legislation, and @DKerr_Cowrie & Cowrie are well positioned to help DAOs and crypto projects meet their regulatory obligations.
Learn more about Cowrie and our vision for the future of crypto corporations and foundations below.
On Friday, President Trump signed the GENIUS Act into law—the first major congressional overhaul of crypto rules. As a Financial Services Subcommittee Chair, I was pleased to help get it across the finish line.
This landmark legislation sets up the first full regulatory ns—ensuring they can be properly treated as payment methods and backed by the U.S. dollar, bolstering U.S. treasuries.
This is an important step forward. However, the CLARITY Act, which will establish a market structure for all digital assets, will truly bring crypto into our financial system.
Only through the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance Act can America give entrepreneurs, investors, and the markets the certainty they need to grow, invest, and raise capital.
This morning, I was happy to tour Nasdaq’s headquarters in New York City.
Nasdaq is one of the world’s premier financial technology companies—pioneering innovation in the markets since 1971. We had a productive conversation about key priorities, including increasing capital formation, digital asset regulation, and potential SEC disclosure reforms.
Their insights on market structure and the future of digital assets will help guide my work on the @FinancialCmte. Thank you to CEO @adenatfriedman and the @Nasdaq team for their leadership in promoting transparent, efficient, and investor-focused markets.
Last week, Congress delivered clarity on crypto and President Trump signed GENIUS into law.
This week, the first cryptocurrency-based market announced its move back to the U.S.
American innovation is coming home, and we're just getting started.
bloomberg.com/news/articles/…
Warren Davidson replied to a post from @CurielCu25535
Warren Davidson 🇺🇸
@WarrenDavidson
@CurielCu25535@ky_statesman The future of money is one of the most important fights to defend freedom. Obviously, some seek that future, but…No digital ID. No CBDC.
Warren Davidson replied to a post from @ArborWashingto1
Warren Davidson 🇺🇸
@WarrenDavidson
@ArborWashingto1 Bitcoin does not provide secrecy, but it does provide privacy. ZCash makes significant privacy improvements only possible with BTC when using mixers or other processes.
The GENIUS Act is revolutionary for stablecoins. It protects consumers while promoting innovation and opportunity. It prioritizes national security and advances the U.S. dollar. Nebraska’s a major innovator in the stablecoin space and my amendment will give priority to states like ours when becoming certified.
I am very happy that President Trump has signed this legislation into law. I look forward to working with Chairman @SenatorTimScott, @SenLummis and @SenatorHagerty on a digital asset market structure bill next.
Details matter. True blockchain, like bitcoin, is great. Protects privacy, designed for self-custody, facilitates person-to-person payments without a 3rd party…
But, centrally managed, programmable money is really CBDC - even if disguised as a stablecoin up front.
No CBDC!
Up next: this morning at 8:30am, I will be joining @NEWSMAX’s Wake Up America. We will be discussing recent crypto legislation including the GENIUS Act, signed into law last Friday, the facts that led to the recent attack on a CPB agent in NYC, and the latest on the Russian collusion farce pushed by the Obama White House.
The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.
The "Blockchain Regulatory Certainty Act" (H.R. 3533) provides a safe harbor for non-controlling blockchain developers and service providers, exempting them from being classified as money transmitters or financial institutions, and thus from associated licensing and registration requirements, unless they have control over users' digital assets. This aims to prevent such entities from incurring liability for unlicensed or unregistered conduct.
The GENIUS Act of 2025 proposes a regulatory framework for payment stablecoins. It defines permitted issuers (insured depository institutions, their subsidiaries, and approved nonbank entities) and mandates 1:1 reserve backing with specific high-quality assets. The bill outlines federal and state regulatory oversight options, sets requirements for customer asset segregation, and grants stablecoin holders priority in insolvency proceedings. It also clarifies that regulated payment stablecoins are not considered securities or commodities under various acts. The bill designates issuers as financial institutions under the Bank Secrecy Act, requiring compliance with AML, KYC, and sanctions regulations to prevent illicit finance and safeguard national security. It also reinforces U.S. leadership in digital finance by supporting innovation and ensuring the dollar remains competitive in a rapidly evolving global financial landscape.
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121".
This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.