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.
Agreed! That is why we should pass my Fair Access to Banking Act which would ensure legal crypto companies have access to banking services. x.com/repfrenchhill/…
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
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.
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
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.
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.
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
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