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When the rules are unclear and enforcement comes after the fact, digital asset innovators move to where they know the rules before they build.
By working together to establish clear rules of the road, the @SECgov and @CFTC can protect investors, strengthen US competitiveness, and ensure the future of finance is built here in America.
Millions of Americans pay excessive fees with every payment and money transfer, and America’s clunky payments system needs an upgrade. The bipartisan PACE Act, which I introduced with Republican Young Kim, enables nimble fintech companies to compete with banks and accelerate payment transactions for millions of Americans.
Thanks to Eleanor Terrett and Jacquelyn Melinek for having me on Crypto in America to discuss the bill. Listen to the episode here:
open.spotify.com/episode/2GYu6h…
I’ll be joining #Consensus2026 to discuss the growing role of crypto, emerging technologies, and my bill, the Digital Asset PARITY Act, the only bipartisan crypto tax bill in Congress.
To watch my remarks, click below.
.@Sen_Alsobrooks and I have worked on a bipartisan basis with all stakeholders to address the banking industry’s concerns about deposit flight. They have had a seat at the table and have been directly sharing their feedback and ideas for months to inform the final product. We have worked in good faith with all sides throughout this process to encourage compromise and to avoid letting the perfect become the enemy of the good.
The result is a substantially improved, consensus-based product. Our compromise prohibits stablecoin rewards from resembling interest on bank deposits, our core concern over deposit flight.
Our compromise also allows crypto companies to offer other forms of customer rewards. Most importantly, it helps put us on a bipartisan path to pass the CLARITY Act, providing the regulatory certainty needed to foster innovation. Some in the banking industry may not want either of these things to happen, and we respectfully agree to disagree.
The digital asset industry has waited long enough. Businesses are making decisions where to build RIGHT NOW, and without clear rules, too many will go overseas. We must get Clarity done now. America’s financial future depends on it.
Did you know? Only 19% of crypto developers are located in the U.S. — down 51% in recent years.
In order to bring those builders back and make the U.S. the crypto capital of the world, software developer protections are essential.
With input from the crypto community and law enforcement organizations, we have worked with @SenLummis on a compromise that we believe addresses Senator Grassley’s concerns.
This issue should be resolved very soon.
We are making real progress on digital asset market legislation and restoring confidence in our economy.
@BankingGOP is nearing consensus, and is working toward a bipartisan markup in May to advance digital asset market structure.
Cryptocurrencies are volatile and untested—the exact opposite of an asset you want backing a mortgage.
I joined @SenWarren and @SenJeffMerkley to demand that FHFA Director Pulte explain why Fannie Mae decided to accept crypto-backed mortgages when it will be taxpayers holding the bag if these risky loans fail.
The sleepy Senate had hoped to send us a FISA extension with no changes that would be passed by UC to an empty House chamber. Today, we forced a vote on the Senate’s “clean” FISA extension that ignored our House bill that included a ban on a CBDC — I voted No.
And so, even in is not over, and we are forcing the fight in the right direction. We now have 45 days to continue to work for 1) a permanent ban on a Central Bank Digital Currency, 2) FISA warrant protections, and 3) the 4th Amendment not-for-sale protections (to stop the mass-purchasing of your data by intel agencies). And with the extra time, we should open up the FISA discussion beyond 702 to include reforms to Title 1 (where much of the previous bad actions have occurred).
Who can resist the one ring to rule them all? Central Bank Digital Currency (CBDC) corrupts money into a dystopian tool for surveillance, coercion, and control. Ban CBDC!
Who can resist the one ring to rule them all? Central Bank Digital Currency (CBDC) corrupts money into a dystopian tool for surveillance, coercion, and control. Ban CBDC!
A Central Bank Digital Currency would be the ultimate surveillance tool. Last night's vote on FISA presented the best opportunity to force the Senate to address CBDC. As one of the primary members pushing for the inclusion of a ban on CBDC, I supported the passage of FISA with f the House. Here's more on why....
I voted no on FISA this evening.
There was no SAVE America attached and the Senate said they wouldn’t pass the anti-CBDC language.
Reforms were no good.
GREAT NEWS: My Anti-CBDC Surveillance State Act has been attached to FISA and sent to the Senate.
In passing a CBDC ban, the @HouseGOP is protecting the privacy of Americans and stopping the creation of a weaponized surveillance tool.
The House did its job; now it’s time for the Senate to pass our CBDC ban.
National security and constitutional liberty are not competing priorities. Congress has a responsibility to protect both.
FISA is a critical tool for monitoring foreign adversaries and keeping Americans safe, but it must remain focused on foreign threats, not the surveillance of h FISA’s expiration date set for tomorrow, I voted yes to reauthorize it so our intelligence agencies can continue protecting the American people while moving in a positive direction toward implementing much needed reforms.
Permanently banning central bank digital currencies is vital to protecting Americans from the ultimate tool of financial surveillance. A CBDC would allow the federal government to monitor, track, and control how Americans spend their own money, including the power to freeze accounts without due process.
Now that the House has acted, the Senate must move quickly to preserve these protections, keep Americans safe, and defend the constitutional liberties of the American people.
This is what the people want. Unfortunately, despite all the hard work we are doing for the American people in the House, @LeaderJohnThune has already promised to kill an anti-CBDC legislation in the Senate so this will be DOA.
Americans built the strongest economy in the world on the foundation of free markets, private enterprise, and individual liberty, not government control.
Central Bank Digital Currencies (CBDC) pose a serious threat to those values. The federal government has no business inserting itself between Americans and their financial freedom.
Tonight, the House acted to defend the Constitution and advanced the Anti-CBDC Surveillance State Act. Now, it’s time for the Senate to act.
Bitcoin has gone from a fringe asset to a matter of national security.
Our foreign adversaries are already leveraging it for their own ends.
Glad @SecWar is taking this seriously and working to ensure the U.S. secures an advantage against China’s digital authoritarianism!
Kevin Warsh has the vision to execute fundamental reforms at the Federal Reserve that are long overdue. I urge my colleagues to confirm him so the Fed can finally become a partner in sound digital asset policy & put an end to the weaponization of banking regulators once & for all
US dominated stablecoins will turbo charge this trend! Thanks to the GENIUS Act, America is leading not only in innovation, but the dollarization of the world.
What an unforgettable time at Bitcoin 2026. As I took the stage for the last time as a sitting U.S. senator, I am so proud of this movement, what we’ve accomplished together, and where we’re going. Our future is ₿right, and together, I am confident we’re going to the moon.
On FISA, a warrant requirement for 702 is the clear will of the House. Simply allow the amendment debate. If necessary, include an amendment vote on CBDC.
CBDC is separate from 702, but it's the creepiest surveillance tool ever developed, corrupting money into a coercive tool.
Bill Cassidy completed the Stand With Crypto Questionnaire and expressed strong support for establishing clear legislative frameworks for digital assets, including defining when an asset is a security or a commodity, and updating market structure laws for trading venues. He also advocates for Americans' right to self-custody, ending de-banking, and has supported initiatives such as the Mined in America Act and Senator Lummis’ crypto tax modernization proposal.
The Trump Administration’s proposal to expand investment options for 401(k) plans is a huge win for American workers and retirees. Expanding access to alternative investments, including crypto and private equity, ensures every hardworking American has the tools to secure financial independence and a well-earned retirement.
dol.gov/newsroom/relea…
Many people know my passion for Bitcoin and why I believe it is freedom money. But not many people know the real story behind why I value it so much.
This is why:
This bill proposes the creation of a voluntary "Mined in America Certification Program" under the Secretary of Commerce. Its aim is to encourage the replacement of cryptocurrency mining hardware sourced from foreign adversaries with compute infrastructure manufactured within the United States or allied nations. The legislation mandates the use of federal programs and authorities to promote this domestic and allied-sourced hardware, thereby strengthening the national supply chain for critical digital asset infrastructure.
The Digital Commodity Intermediaries Act aims to establish a regulatory framework for digital commodities under the Commodity Futures Trading Commission (CFTC). It defines key terms like "digital commodity," "blockchain," and "decentralized finance protocols." The bill grants the CFTC exclusive jurisdiction over spot digital commodity markets and excludes permitted payment stablecoins. It also creates an expedited registration process for digital commodity exchanges, brokers, and dealers, and provides a safe harbor for software developers involved in blockchain infrastructure.
The Blockchain Regulatory Certainty Act of 2026 aims to clarify the regulatory treatment of certain non-controlling developers or providers of distributed ledger services involved in digital assets. Specifically, it exempts those who do not have the unilateral ability to control or effectuate transactions from being treated as money transmitting businesses under federal law. This includes activities like creating software, providing maintenance, facilitating self-custody, or offering infrastructure support for distributed ledgers, ensuring they are not subject to similar registration requirements.
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.