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

Profile picture of Jake Auchincloss
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.
· via Twitter
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Very Pro-Crypto

Profile picture of Jake Auchincloss
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.
· via Twitter
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Very Pro-Crypto

Profile picture of Jake Auchincloss
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
· via Twitter
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