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

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Congressman 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.
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Pending Position

Bill Foster reposted the post below
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Rep. Sean Casten
@RepCasten
House Republicans have refused to bring to the floor my amendments to help address the use of crypto obfuscation tools that are preferred by terrorists, drug traffickers, and foreign adversaries. I urge my colleagues to oppose this harmful bill.
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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

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Congressman 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.
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Neutral on Crypto

Bill Foster reposted the post below
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French Hill
@RepFrenchHill
For years, @RepBillFoster and I have advocated for the careful, thoughtful approach in designing a CBDC. While I am pleased to read Federal Reserve’s new report, I am disappointed it was released months behind schedule. It is important to not delay the work on CBDCs any further.
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Neutral on Crypto

Bill Foster reposted the post below
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Axios
@axios
@imkialikethecar @danprimack @RepBillFoster @Grayscale @Sonnenshein .@RepBillFoster: "For crypto assets generally, there are two big policy questions you have to grapple with from the very start: the first thing is whether or not they will be anonymous or not, whether you will allow anonymous participation or not."
tweet image
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Neutral on Crypto

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Congressman Bill Foster
@RepBillFoster
I’m proud to be a part of the Digital Assets Working Group. The United States is playing catch-up to the rest of the world when it comes to digital currency and it's time to change that.
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U.S. House Committee on Financial Services
@USHouseFSC
🚨 #BREAKING 🚨- Chairwoman @RepMaxineWaters Announces #DigitalAssets Working Group | go.usa.gov/x6ndG
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