Does Jake Auchincloss Support Crypto?

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

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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 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

Jake Auchincloss reposted the post below
X profile picture of @ppi
PPI
@ppi
ICYMI‼ Yesterday, @RepAuchincloss joined PPI and an esteemed panel of business leaders for a dynamic conversation about cryptocurrency and the potential steps the federal government can take to regulate the fast-growing technology. WATCH ⬇ https://t.co/QRVJDFPmk1
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Very Pro-Crypto

Jake Auchincloss reposted the post below
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PPI
@ppi
As the federal government continues to debate how to regulate cryptocurrency, PPI is bringing together business leaders for a roundtable discussion about the potential options and the drawbacks of several approaches. Register so you don't miss out ⬇ https://t.co/bVQn3Q1229
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Very Pro-Crypto

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Rep. Jake Auchincloss 🟧
@RepAuchincloss
3. Geo-economic. The USD must persist as the global reserve currency. That may not require a CBDC. Thoughtful research & regulation of fintech, sound monetary policy, rule of law, strong capital markets, a growing economy – these are the critical drivers of USD reserve status.
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Very Pro-Crypto

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Rep. Jake Auchincloss 🟧
@RepAuchincloss
2. Systemic risk. The FSOC should continue to monitor and report on systemic risk from stablecoins, given how fast the industry is growing, but right now it’s modest and does not justify red tape that could lead to regulatory capture of crypto by banks.
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Very Pro-Crypto

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Rep. Jake Auchincloss 🟧
@RepAuchincloss
The @FSCDems hearing yesterday on stablecoins crystallized three domains of risk that lawmakers must address: 1. Prudential risk 2. Systemic risk 3. Geo-economic 🧵 below ⬇️ https://t.co/h3mTYwHbN8
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Yahoo Finance
@YahooFinance
"We have to be thinking about stablecoins in particular with 3 domains,” @RepAuchincloss says. “The first domain is prudential risk, really in particular, run risk, reserve volatility risk, payment system risk.” More:
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Very Pro-Crypto

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Rep. Jake Auchincloss 🟧
@RepAuchincloss
This primary crypto regulator should be tech & market-structure neutral, and eventually fulfill 3 mandates: 1. Compel disclosure and transparency 2. Prevent fraud & abuse 3. Promote the efficiency and resilience of the market
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Very Pro-Crypto

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Rep. Jake Auchincloss 🟧
@RepAuchincloss
As we build back better, we must ensure appropriate taxation and regulation of the #cryptocurrency industry.
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Rep. Darren Soto
@RepDarrenSoto
We stand united to ensure more tax certainty for #cryptocurrency and work with the IRS on key reforms. Together, we will continue to support innovation and protect consumers.
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