Does Byron Donalds Support Crypto?

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

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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
CBDC would give the federal government absolute control over your money and is a dangerous threat to freedom. Yesterday at @FinancialCmte, I asked @federalreserve Chair Powell if The Fed or any of its member banks are conducting studies into CBDC. See Powell's response below ⤵️ https://t.co/CRzI1Z8WvR
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
Despite protest, stable coins, crypto, and blockchain technology are not going away. Congress must work to ensure that there is a framework for the proliferation of what Americans want to invest-in moving forward.
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Analysis on Stance
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@DTSIBot
submitted some AI-generated analysis
Congressman Byron Donalds (@RepDonaldsPress) gets it. His recent tweet correctly points out that crypto, stablecoins, and blockchain tech are here to stay, regardless of any resistance. He emphasizes the crucial need for Congress to establish a framework that supports the growth of these technologies, recognizing the demand from American investors. This stance is unequivocally pro-crypto and earns him a well-deserved 100 rating. He understands that trying to stop the adoption of crypto is a fool's errand and instead advocates for sensible regulation that allows innovation to flourish while protecting consumers. This is exactly the kind of leadership we need in Washington. A clear regulatory framework will provide much-needed clarity for businesses operating in the crypto space, fostering innovation and investment. This benefits everyone, from entrepreneurs to everyday investors. It's refreshing to see a politician who understands the transformative potential of these technologies and is working to create a regulatory environment that allows them to thrive.

Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
Digital assets and blockchain technology hold vast potential to revolutionize the American economy. This afternoon, I joined my colleagues on the @FinancialCmte Digital Assets, Financial Technology, and AI Subcommittee to examine existing-use cases with key industry actors.
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
The future of finance is the digital assets space. The future of technology is AI. If our nation is to remain a dominant global force in the future of finance and technology... 1 – We have to increase baseload power 2 – We have to modernize the grid
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
This morning, I joined @BlockTower in Miami for a conversation regarding digital assets. Together, we discussed support for digital assets, future legislation, US competitiveness, navigating overregulation, & attaining generational wealth. Thank you to all who joined us today.
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
The passage of the FIT 21 Act not only highlights the role digital assets will play in our country’s future but is a strong, bipartisan rebuke of the extreme overreach by the rogue bureaucratic state, particularly at the @SECGov.
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Very Pro-Crypto

Voted for 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 Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
CBDC would give the federal government absolute control over your money. This is a dangerous threat to freedom. It is critical that we work to protect the American people from government tyranny & that we never allow the creation of CBDC in America.
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Tom Emmer
@GOPMajorityWhip
If you don’t think the Fed is pursuing a CBDC, think again. The Fed gave this to my staff during a presentation earlier this Congress. They view a CBDC as one of their KEY DUTIES.
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
We're in the Information Age. Our financial regulatory framework is based upon a time when you had to actually present a stock certificate to realize stock ownership–that's not the case today. We're in a world where cryptocurrency & digital assets have inherent intrinsic value.
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Very Pro-Crypto

Quoted from blockworks.co on Feb 19th, 2024

Op-Ed published by Representative Byron Donalds in Blockworks:

"As a member of the House Financial Services Committee, I’ve planted my stake in the ground to support access to capital. I want to ensure that government overreach is deterred, especially when it comes to advancing the digital asset marketplace. The House Financial Services and House Agriculture Committees took a major step forward for the digital asset community with the passage of the Financial Innovation and Technology for the 21st Century Act, or FIT, back in July 2023. The bill sets out the first comprehensive regulatory framework for the ecosystem and reigns in the rogue agencies seeking to decapitate the budding industry. Unfortunately, the Upper Chamber — with the help of both Democrats and Republicans — is working overtime to buck the actions of the House in favor of policies to eliminate their decentralized competition. Look no further than Senator Warren, D-Mass’., Digital Asset Anti-Money Laundering Act, and Senator Reed, D-RI’s Crypto Asset National Security Enhancement and Enforcement Act (CANSEE Act)..."

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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
The digital assets industry is in its infancy stage. A major concern of mine is if Washington will try to effectuate an outcome in the industry by: 🚩Overregulating industry actors 🚩Getting in the way 🚩Stifling innovation This has happened before. It shouldn't happen again.
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
President Trump is right. CBDC would give the federal government "absolute control over your money" & is a "dangerous threat to freedom." It is critical that we work to protect the American people from government tyranny & that we never allow the creation of CBDC in our nation.
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Bitcoin Magazine
@BitcoinMagazine
JUST IN: 🇺🇸 Donald Trump says "As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give our federal government absolute control over your money."m
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Very Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
I want federal government with CLEAR rules of the road. Ex. Crypto/ Dig. Asset Regulation Many people are engaged in this new industry but Dems want to overregulate. How will innovators create thriving small businesses when overregulation creates legitimate barriers to entry?
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Somewhat Pro-Crypto

Cosponsored a bill on Sep 12th, 2023
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 Pro-Crypto

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Congressman Byron Donalds
@RepDonaldsPress
I am proud to join my GOP colleagues on the House @FinancialCmte demanding answers on the shady approval of Prometheum Ember Capital LLC as the first and only special purpose broker-dealer for digital assets. Prometheum's ties to the CCP raise red flags, and we need answers.
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Financial Services GOP
@FinancialCmte
#NEW: Chairman @PatrickMcHenry led Republicans on the Financial Services Committee in letters to @FINRA and @SECGov regarding the shady approval of Prometheum as the only Special Purpose Broker-Dealer for digital assets. 👇 Read more 🔗 financialservices.house.gov/news/documents…
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Pending Position

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Congressman Byron Donalds
@RepDonaldsPress
I'm proud to announce my Subcommittee assignments on the @FinancialCmte for the 118th Congress. I look forward to joining the Subcommittee on Financial Institutions & Monetary Policy & the Subcommittee on Digital Assets, Financial Technology & Inclusion. Let's get to work!
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Very Pro-Crypto

Cosponsored a bill on May 6th, 2022
Bill Name
Digital Commodity Exchange Act of 2022
Details
This bill allows for the regulation and registration of digital commodity exchanges subject to oversight by the Commodity Futures Trading Commission. The bill establishes the conditions for the sale of digital commodities, the registration of exchanges, and sets forth other requirements.
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