Does Andy Barr Support Crypto?

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

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Very Pro-Crypto

X profile picture of @RepAndyBarr
Congressman Andy Barr
@RepAndyBarr
Agreed! That is why we should pass my Fair Access to Banking Act which would ensure legal crypto companies have access to banking services.
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French Hill
@RepFrenchHill
Under Operation Choke Point 2.0, @FDICgov politically targeted American business and pressured banks to sever ties with entire industries like crypto. Next Congress @FinancialCmte stands ready to work with @realDonaldTrump to halt and reverse these practices, and finally conduct a full investigation.
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Very Pro-Crypto

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Congressman Andy Barr
@RepAndyBarr
The SEC’s moving target on crypto regulation leaves crypto companies and market participants exposed to abuse by the agency, and impedes innovation in the United States. Watch my full line of questioning ⬇️. https://t.co/Ghbs9G3fvh
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Very Pro-Crypto

Andy Barr reposted the post below
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Financial Services GOP
@FinancialCmte
#WATCH: Subcommittee Chairman @RepAndyBarr calls out the @SECGov's regulation by enforcement of digital assets: "Chair Gensler, you say Howey is clear, but let me tell you what's not clear... what the rules of the road are if you're in the crypto business." 📺 👇
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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 Andy Barr
@RepAndyBarr
The Security and Exchange Commission’s Staff Accounting Bulletin (SAB) 121 would leave consumers at risk by discouraging regulated banks from serving digital asset customers. My full remarks in opposition ⬇️. https://t.co/ymXqNxHxgD
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Very Pro-Crypto

Cosponsored a bill on Sep 28th, 2023
Bill Name
Uniform Treatment of Custodial Assets Act
Details
To prohibit certain Federal agencies from requiring certain institutions to include assets held in custody as a liability, and for other purposes.
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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 Andy Barr
@RepAndyBarr
Instead of giving the govt more power & control over our financial info, we need to encourage pvt sector innovation in the digital assets space which is propelling us into an era of frictionless transactions, faster payments & more efficient capital formation in the pvt sector.
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Very Pro-Crypto

Andy Barr reposted the post below
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Financial Services GOP
@FinancialCmte
In his exchange with Liang, @RepAndyBarr emphasized how #stablecoins, if issued under a clear regulatory framework, have the potential to: ✅ Maintain the U.S. $ as the global reserve currency ✅ Solve the same issues as a potential CBDC ✅ Enhance U.S. competitiveness https://t.co/62E1LZNc96
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Very Pro-Crypto

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Congressman Andy Barr
@RepAndyBarr
China’s draconian restrictions on crypto exposes the weaknesses of their flawed economic system. This is an opening for the U.S. to unleash the American entrepreneurial spirit to capitalize on the CCP’s mistake. More on crytpo & my new China sanctions bill from @PhelimKine ⬇️ https://t.co/Ov6ku7oDsa
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Phelim Kine “老 康“
@PhelimKine
Unleash the #Crypto! U.S. lawmakers see electronic gold in turning China's cryptocurrency ban into an un-or-less-regulated U.S. financial bonanza. Thanks @SenLummis @RepAndyBarr @SenToomey @RepThompson @CongressmanGT @PatrickMcHenry @RonWyden politi.co/3ommaza
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Very Pro-Crypto

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Congressman Andy Barr
@RepAndyBarr
Countries are moving on central bank digital currencies (CBDC) & @FinancialCmte looked at potential costs & benefits today. China is ahead on its CBDC & we cant let them out-compete the U.S. on this. We also can’t move too fast & get it wrong. My opening statement ⬇️ https://t.co/WKQ0rKqdCx
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Financial Services GOP
@FinancialCmte
Subcommittee Republican Leader @RepAndyBarr at today's hearing on #CBDCs: "We must realize that getting it right is more important than getting it done fast." 📺 Watch 👇
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