Does Brad Sherman Support Crypto?

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

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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Narcotics have ruined millions of American lives and caused many thousands of violent crimes. Narcotics are just as evil if they are purchased online or using crypto.
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WIRED
@WIRED
Donald Trump pardoned the creator of the world’s first dark web drug market, who is now a libertarian cause célèbre in some parts of the crypto community. wired.trib.al/mC0a1G7
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
In 2019 Trump saw how #crypto threatened the dollar. Now, as Chief Crypto Advocate of his own company, he’s shifted. Recently, he recognized the danger of a #BRICS currency. At today's @FSCDems I agreed with Trump's 2019 crypto stance and urged him to again recognize its dangers
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
I commend the @USTreasury for taking action against those that provide material support to #Hamas, including crypto firms that have funneled millions of dollars to terrorist organizations. Read my full statement ⬇️ https://t.co/eirN7BZxWe
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Can't use #Crypto to pay your ex-wives alimony... Can't use crypto to pay a pornstar hush money... Can't even use crypto to buy a Big Mac... So how would this "stable genius" pay off the national debt with #Crypto?
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Matthew Yglesias
@mattyglesias
Trump’s plan for addressing the budget deficit: “Maybe we’ll pay off the $35 trillion US debt in Crypto. I’ll write on a little piece of paper ‘$35T crypto we have no debt.’ That’s what I like.”
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
#Trump wants to "invest" our tax dollars into #Crypto. He knows it's a scam but he got a lot of money from the crypto industry. @VP Harris knows it's a scam and won't invest our tax dollars into #Cryptocurrency. Discussed this and more with @NewsNation earlier today ⬇️ https://t.co/Zs7QAAwv5I
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
If you're in need of a pair of shoes: If you have a real currency, like the U.S. dollar, you can choose from tens of thousands of different shoes. If you have an imaginary currency, like #Bitcoin, you are stuck wearing these.
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The Block
@TheBlock__
Donald Trump selling Bitcoin Sneakers after keynote speech at Bitcoin 2024 theblock.co/post/308565/do…
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
#Trump in 2019: "I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity" Trump today: sellout
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Post Business
@washpostbiz
Crypto fanatics flock to Trump, hoping to ‘make bitcoin great again’ wapo.st/3yf0pc5
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Today on the House Floor, I applauded @VP Harris for her decision not to join Former President Trump at the 2024 Bitcoin Billionaire Bro Conference and highlighted the absurdity of the thousands of #crypto tokens. Watch ⬇️ https://t.co/E7PbjYycXH
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
President Biden vetoed a Republican attempt to restrict the #SEC from policing #cryptocurrency. But now, #Republicans are trying to override it. Today, I spoke on the House Floor where I urged my colleagues to sustain President Biden's veto. Watch ⬇️ https://t.co/oHngEWFOPA
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Today at the @FSCDems Hearing with @SecYellen, I applauded the Admin. for reducing inflation and keeping unemployment low, implementing #DirectFile, and urged careful implementation of the #REPOAct, and stopping the use of #crypto for sanctions evasion. Watch ⬇️ https://t.co/hQsf1y452b
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Per @PunchbowlNews, #Crypto billionaire bros are spending big so they can make more billions. There's no PAC dedicated to collecting taxes from billionaires, enforcing sanctions laws, stopping drug dealers/human traffickers or keeping the dollar the world’s reserve currency. 1/2
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Punchbowl News
@PunchbowlNews
THE VAULT: A coalition of crypto mining companies is launching a bitcoin-centric super PAC just days after meeting with former President Donald Trump in Florida earlier this week. @BrendanPedersen has the details on the new crypto PAC: punchbowl.news/article/financ…
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
For years, billionaire #Crypto bros yelled not to touch crypto because it's so innovative. Now, #Crypto and the #GOP bring a bill to block innovation. Why? Because the @FederalReserve may create a competing payment system with crypto. See my House Floor speech ⬇️ https://t.co/aRFQsL81sG
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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 Brad Sherman
@BradSherman
Today, almost 2 months after #SBF was sentenced to 25 years in prison, @HouseGOP passed his dream bill -- a bill that deregulates #Crypto, drives a dagger into our $100 trillion capital markets, and eviscerates the #SEC’s authority to police the suites.
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Pleased to meet with @IRSnews Commissioner Werfel and Deputy Commissioner O’Donnell in my office to discuss the need to tax #Crypto transactions, move from #DirectFile to Pre-Population (where the IRS sends the taxpayer a draft of their return) ... (1/2)
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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

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Congressman Brad Sherman
@BradSherman
As we honor those that fight crime in the streets, today's @FSCDems Capital Markets Subcommittee focused on the @SECGov's fight against crime in the suites - including enforcement actions for the #Crypto industry. Watch my full remarks ⬇️ https://t.co/DANIeszBN7
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
#Crypto billionaires claim that Sam Bankman-Fried #SBF was just one snake in the Crypto Garden of Eden. In fact, Crypto is a Garden of Snakes. I’ve said it before and I’ll say it again, each time we see additional evidence.
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ABC News
@ABC
Prosecutors in Brooklyn seized nearly two dozen web domains associated with a scheme known as "pig butchering." Brooklyn-based victims were scammed out of $5 million after they were convinced to invest in cryptocurrency. trib.al/CfyQP06
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
The #crypto billionaires will claim that #SamBankmanFried was just one snake in a #crypto Garden of Eden. The fact is crypto is a garden of snakes. I’ve said it before and I am saying it again.
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CNN
@CNN
Sam Bankman-Fried is sentenced to 25 years in prison for his role in the collapse of crypto exchange FTX cnn.com/2024/03/28/bus…
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
At today’s @FSCDems Digital Assets Subcommittee hearing on #Crypto crime, I asked leaders of crypto companies to commit to preventing the use of crypto mixers, which aid criminals by obscuring the flow of crypto. Unsurprisingly, not a single one agreed to. Watch ⬇️ https://t.co/PjB4YBgGJH
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
(1/2) It shouldn’t come as a surprise when #crypto is used to cheat on taxes, evade American sanctions and, as we now see, to finance horrific acts of terror. "Hamas Needed a New Way to Get Money From Iran. It Turned to Crypto" by @WSJ ⬇️ https://t.co/3mPuQIcQHd
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Some will say that Sam Bankman-Fried is just one big snake in a #crypto Garden of Eden. The fact is, crypto is a Garden of snakes. We have found many other snakes in the crypto garden, and we will find many more.
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NBC News
@NBCNews
BREAKING: Jury finds Sam Bankman-Fried guilty of defrauding customers of cryptocurrency exchange FTX and lenders of its hedge fund, Alameda Research. nbcnews.com/business/busin…
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
I joined @CNBCTheExchange on @CNBC to discuss today's #FederalReserve meeting, the state of the economy, funding for #Israel, #Cryptocurency and the risks of a #GovernmentShutdown Watch the full interview ⬇️ https://t.co/g5wNr9G5fl
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
#Binance and #Tether, like #FTX and others before them, are not just a few snakes in a Crypto Garden of Eden. #Crypto is a garden of snakes. "Bitcoin Senator Urges ‘Swift Action’ Against Binance, Tether for Links to Terrorist Groups" ⬇️ https://t.co/tCv7V7n8kT
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
#Cryptocurrency literally means Hidden Money. Hidden Money has driven House #Republicans for years. It’s about time they elect an open advocate for the best technology to hide illegal campaign contributions and gifts.
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POLITICO
@politico
Tom Emmer: Crypto’s dream speaker ow.ly/r3EC104YRMM
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
(1/2) #Crypto is not the future of charitable giving in response to terrorist attacks, crypto is the future of terror financing. "Hamas Militants Behind Israel Attack Raised Millions in Crypto" - @WSJ ⬇️ https://t.co/ywkmceKfSr
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Billionaire #CryptoBros will say that #SBF was one snake in a #Crypto Garden of Eden. In truth though, #Crypto is a garden of snakes. While his ghost still roams the halls of Congress, today he faces justice. #FTX
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CNBC
@CNBC
Jury selection for Sam Bankman-Fried's criminal trial began Tuesday morning. The ex-CEO of FTX faces seven criminal counts including wire fraud, securities fraud and money laundering. Here's what you need to know as the multi-week trial gets underway: cnb.cx/46x04gu
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
The #CryptoBros are pushing the CBDC Anti-Surveillance State Act claiming it is Bipartisan. Today's vote in @FSCDems: 20 #Democrats "No". 0 Democrats "Yes". See my Committee speeches opposing the bill ⬇️ https://t.co/R11GTjUdWG
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
#Cryptocurrency means “hidden money” - its goal is right there in the name. Pleased to see @USTreasury propose rules today that require #crypto platforms to report its customers transactions to the #IRS - a measure @RepLynch & I urged for earlier this summer. See our letter ⬇️ https://t.co/qodazU14i1
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
It was a pleasure to meet with @SECGov Chair @GaryGensler in my office this afternoon. We discussed a range of issues including Swing Pricing, #Crypto, #ESG Disclosures, and the SEC’s conflict of interest proposal. (1/2)
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
In today's @FSCDems hearing, I posed questions on #Crypto tax evaders, sanctions for ethnic cleansing by Amhara forces in #Tigray, why our tax system subsidizes investment in #China, and the need for #IMF to support rule of law in #Pakistan. Watch ⬇️ https://t.co/FdHbV8C4KM
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
The #Cryptocurrency industry has been a major source of tax evasion & a significant part of the nation's tax gap. Today I, along with @RepStephenLynch, urged @USTreasury & #IRS to release proposed regulations that would bring the cryptocurrency industry into full tax compliance.
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
(2/2) #CryptoBillionaireBros have a huge financial stake in promoting #Crypto, so they claim it's a transparent payment method, and drug criminals just don't know what they are doing. Actions speak loudly. Self serving statements, not so much.
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Very Anti-Crypto

Brad Sherman reposted the post below
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Pop Base
@PopBase
Taylor Swift turned down a $100 million deal with crypto exchange company FTX after asking if they were selling ‘unregistered securities.’ The now-bankrupt company and the celebrities it partnered with are now being sued for promoting the sale of unregistered securities.
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
Today on the House Floor, I spoke out against the outrageous #Republican plan to protect ultra-wealthy tax cheats by defunding the #IRS, and their support for #cryptocurrency, a tool for tax cheaters. Watch my full speech ⬇️ https://t.co/uBEDDko0l9
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Very Anti-Crypto

Brad Sherman reposted the post below
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Meet the Press
@MeetThePress
WATCH: “Is there no positive thing that comes from Bitcoin?” @chucktodd asked Rep. Brad Sherman (D-Cali.) @BradSherman: Crypto “is not a currency at all. It’s an electronic pet rock.”
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Very Anti-Crypto

Brad Sherman reposted the post below
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Dave Briggs
@davebriggstv
Rep. @BradSherman dropped a 💣 saying at a Congressional hearing: “The fact is crypto is a garden of 🐍s." He then joined us @YahooFinance & added: “The advantage of cryptocurrency over the U.S. dollar is… it intends to be a hidden currency.”
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
At today's @FSCDems hearing on the #FTX collapse, I detailed the fundamental problems with crypto and why Congress must resist the crypto industry's lobbying efforts. "You can't trash Sam Bankman-Fried and then pass his bill." #SBF_FTX
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
I joined @CNBCTheExchange on @CNBC to discuss the #FTX collapse and on what Congress can do to protect investors. Also discussed how #Crypto could assist those evading taxes, bankruptcy courts and U.S. sanctions. Watch the interview ⬇️ https://t.co/BlwijbwFBJ
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
The collapse of #FTX, one of the largest cryptocurrency firms in the world, is a dramatic demonstration of both the inherent risks of digital assets and the critical weaknesses in the industry that has grown up around them. Read my full statement ⬇️ https://t.co/rcALYHoM2U
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Very Anti-Crypto

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Congressman Brad Sherman
@BradSherman
.@FoxBusiness has it somewhat wrong. I often speak to SEC Chair Gary Gensler, sometimes about Crypto, but never regarding XRP. Only conversation I've had with an SEC official regarding XRP is testimony of Director Gurbir Grewal (1/2)
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Charles Gasparino
@CGasparino
SCOOP via @EleanorTerrett: House @FSCDems member @BradSherman tells @FoxBusiness he believes @SECGov will easily win its case against @Ripple over the legality of its unregistered sales of #XRP and has been in contact w @GaryGensler to expand the case. More at 140pm @TeamCavuto
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