Does Don Beyer Jr. Support 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.

Very Pro-Crypto

Voted for a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

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.

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

One year ago, the @JECDems held a hearing on #DemystifyingCrypto and the risks to consumers and our broader economy. A year later, we’re seeing these risks play out in real time. jec.senate.gov/public/index.c…

2022-11-19T15:29:00.000Z

Rep. Don Beyer

@RepDonBeyer

The crypto crash has hurt so many people, but the damage hit unevenly, with wealthier investors shielded from the worst while amateur traders see their savings vanish. We need regulation and legislation to protect consumers. I introduced a bill to do that: beyer.house.gov/news/documents…

David Yaffe-Bellany

@yaffebellany

As the market collapsed and retail investors lost everything, a pair of crypto billionaires were moonlighting as rockers. There's no more vivid illustration of the yawning divide between the industry's winners and losers. nytimes.com/2022/06/29/tec…

2022-06-29T16:04:37.000Z

2022-07-16T18:52:00.000Z

Rep. Don Beyer

@RepDonBeyer

As the digital asset market continues to grow, it’s important that we close the regulatory gaps that leave consumers and our financial system vulnerable to fraud and manipulation. As @SecYellen says – government’s role is to support responsible innovation.

Treasury Department

@USTreasury

Today, @SecYellen is giving remarks on digital assets policy, innovation, and regulation at @AmericanU’s Center for Innovation. Watch her remarks live here: youtu.be/VPQiPFqFwOU

2022-04-07T14:34:13.000Z

2022-04-07T16:15:05.000Z

Don Beyer Jr. reposted the post below

Rep. Don Beyer

@RepDonBeyer

One of the biggest crypto thefts yet, underscoring the enormous need for consumer protection in the area of digital assets. This massive regulatory gap puts average people at risk. I have a bill that would help close it: beyer.house.gov/news/documents…

2022-04-03T18:55:00.000Z

Very Anti-Crypto

Rep. Don Beyer

@RepDonBeyer

Steven Zeitchik

@zeitchikWaPo

ICYMI this week, a videogame that people pay to play (and acquire NFTs) was hit in a hack -- to the whopping tune of $625 million washingtonpost.com/technology/202…

2022-04-02T00:34:55.000Z

2022-04-03T18:55:00.000Z

Rep. Don Beyer

@RepDonBeyer

My Digital Asset Market Structure and Investor Protection Act would address those issues, and complement the goals of the Executive Order. beyer.house.gov/news/documents… I will work with the Administration and my colleagues to advance a regulatory approach in line with this directive.

2022-03-10T22:16:30.000Z

Rep. Don Beyer

@RepDonBeyer

Nor does it directly address stablecoins or their role in linking traditional and decentralized finance. This underscores the need for Congress to act promptly to properly regulate these assets—as last year’s President’s Working Group on Financial Markets report recommended.

2022-03-10T22:14:59.000Z

Rep. Don Beyer

@RepDonBeyer

While this order correctly takes a broad approach that covers many of the important policy concerns around digital assets, the order *does not* clearly delineate regulatory responsibility between the SEC and the CFTC.

2022-03-10T22:14:02.000Z

Rep. Don Beyer

@RepDonBeyer

–and international competitiveness in the digital asset marketplace. It provides a path forward to mitigate the risks that these assets pose to everyday investors and our collective financial stability, while also harnessing the benefits of future technological innovation.

2022-03-10T22:13:17.000Z

Rep. Don Beyer

@RepDonBeyer

This order recognizes the need for analysis of how digital assets affect consumers and the broader economy, and takes vital steps to crack down on illicit finance and address national security risks. It empowers the US government to establish leadership–

2022-03-10T22:12:52.000Z

Very Anti-Crypto

Rep. Don Beyer

@RepDonBeyer

Fraud and market manipulation in the digital asset market highlight the need for new oversight to close regulatory gaps that leave consumers and our financial system vulnerable. @POTUS' Executive Order is a key first step to align the federal government’s approach in this area.

Joint Economic Committee Democrats

@JECDems

READ: @RepDonBeyer's statement on @POTUS signing an Executive Order outlining, for the first time, a whole-of-government approach to mitigating the risks & leveraging the potential benefits of digital assets and their underlying technology.

hjec.senate.gov/public/index.c…https://t.co/DMcyPn0hOY

2022-03-10T14:28:20.000Z

2022-03-10T22:08:22.000Z

Rep. Don Beyer

@RepDonBeyer

Almost everyday we hear about a new massive financial crime, hack, fraud, etc. involving cryptocurrencies. Millions of Americans hold digital assets, they are consumers who deserve protection, but our regulations are wildly out of date. My bill would help. beyer.house.gov/news/documents…

Eamon Javers

@EamonJavers

BREAKING: DOJ says Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, both of New York, were arrested today and charged with money laundering cryptocurrency stolen from Bitfinex in 2016. DOJ says it has recovered a whopping $3.6 billion worth of crypto.

2022-02-08T16:50:35.000Z

2022-02-09T23:53:22.000Z

Rep. Don Beyer

@RepDonBeyer

RT @protocol:

LIVE NOW: Crypto Regulation: from buyer beware to federal oversight Join @benpimentel for a chat with @BlockchainAssn’s @K…

2022-02-09T18:03:46.000Z

: jec.senate.gov/public/index.c…

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

Chairman @RepDonBeyer: "I commend Chair @RepMaxineWaters and @FSCDems for their work on digital assets to explore legislative solutions that promote innovation and growth while protecting consumers."

2021-12-08T18:12:53.000Z

Rep. Don Beyer

@RepDonBeyer

Last week we held a @JECDems hearing on cryptocurrencies and digital assets. In case you missed it, my opening remarks: "Congress can promote responsible innovation in this market while also providing basic protections to the investing public."

2021-11-22T21:28:00.000Z

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

Chairman @RepDonBeyer on cryptocurrencies and digital assets: "Congress can promote responsible innovation in this market while also providing basic protections to the investing public." #DemystifyCrypto |

2021-11-17T21:49:24.000Z

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

Policymakers have not yet weighed in on a comprehensive legal framework around digital assets. That’s why Chairman @RepDonBeyer introduced the Digital Asset Market Structure and Investor Protection Act: beyer.house.gov/news/documents… #DemystifyCrypto |

2021-11-17T21:02:36.000Z

Don Beyer Jr. reposted the post below

Open Markets Institute

@openmarkets

Want to know what a rug pull is when it comes to cryptocurrency? @alexisgoldstein just explained at the @JECDems hearing, check it out ☟☟

2021-11-17T20:57:20.000Z

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

.@alexisgoldstein explains what Congress and regulators can do to provide a regulatory framework for digital assets #DemystifyCrypto |

2021-11-17T19:49:21.000Z

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

.@RepDonBeyer: “The lack of disclosure & reporting requirements in many parts of the crypto asset industry tilt the playing field towards the largest investors who can leverage their size to exploit regulatory gaps at the expense of retail investors.”

2021-11-17T19:41:25.000Z

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

"Congress must pass legislation to regulate cryptocurrencies before their rapid growth and popularity pose dangers to investors and the financial system, the chairman (@RepDonBeyer) of the Joint Economic Committee said." #DemystifyCrypto bloomberg.com/news/articles/…

2021-11-17T18:55:11.000Z

Don Beyer Jr. reposted the post below

Joint Economic Committee Democrats

@JECDems

THIS WEEK: This upcoming Wednesday at 2:30PM the JEC will hold a hearing titled “#DemystifyingCrypto: Digital Assets and the Role of Government” with expert witnesses @alexisgoldstein, @kwerb and Tim Massad. More info here: jec.senate.gov/public/index.c…

2021-11-14T18:04:22.000Z

Rep. Don Beyer

@RepDonBeyer

Digital assets are here to stay, but Congress' failure to create a legal framework for them has left many vulnerable to fraud, theft, and manipulation. I just introduced a bill to incorporate digital assets like Bitcoin into financial regulatory structures beyer.house.gov/news/documents…

2021-07-29T12:36:00.000Z