Does Bill Foster Support Crypto?

Based on previous comments, Bill Foster has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Bill Foster has made about Bitcoin, Ethereum, and cryptocurrency innovation.

Document a missing stance Bill Foster has taken on crypto

Somewhat Anti-Crypto

Voted against a bill on May 23rd, 2024
Bill Name
CBDC Anti-Surveillance State Act
Details
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.
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Very Anti-Crypto

Profile picture of Bill Foster
Bill Foster
@RepBillFoster
#FIT21 fails to protect consumers and misses a critical opportunity to address the rampant use of crypto for money laundering by bad actors. I can’t support a bill that puts our investors and our security at risk. I’m voting no.
· via Twitter
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Very Anti-Crypto

Voted against a bill on May 8th, 2024
Bill Name
SAB 121 House Joint Resolution
Details
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.
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Very Anti-Crypto

Quoted from docs.house.gov on Jul 26th, 2023

Representative Bill Foster voted against advancing H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, out of the House Financial Services Committee. The recorded vote showed 35 ayes to 15 nays.

H.R. 4763, the Financial Innovation and Technology for the 21st Century Act is a comprehensive market structure bill that would protect consumers, ensure crypto companies have robust rules, and create clarity for job creators and blockchain builders.

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Very Pro-Crypto

Profile picture of Bill Foster
Bill Foster
@RepBillFoster
I’m also proud to serve on both the Digital Assets Subcommittee and National Security Subcommittee, and I’m excited to work with @RepFrenchHill to finally address the technological advancements that are reshaping the financial sector, including cryptocurrency and AI.
· via Twitter
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