DoTheySupportIt grades politicians on crypto from how they vote and what they say. How it works

US Senator from Rhode Island

Does Jack Reed Support Crypto?

Democrat

7 votes · 2 sponsorships · 10 statements

Latest · Vote on CLARITY ActVery Anti-Crypto

Crypto grade

Very Anti-Crypto

Based on 19 stances

Based on previous comments, Jack Reed has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Jack Reed has made about crypto.

Document a missing stance

Full record

Took stances on a bill between and

Bill: CLARITY Act
Details: The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.

Timeline

Very Anti-Crypto

Voted against - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, CLARITY could not have gotten to a final vote without members voting in favor.

Very Anti-Crypto

Voted against - Vote advancing bill out of Senate Banking Committee (Final Passage Out Of Senate)

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Sponsored a bill on

Bill: Foreign Stablecoin Transparency Act
Details: This legislation amends the GENIUS Act to establish financial reporting and auditing standards for large foreign payment stablecoin issuers. Specifically, foreign issuers with more than $50 billion in outstanding stablecoins must prepare annual financial statements according to GAAP. Additionally, they must engage a registered public accounting firm to perform an audit under Public Company Accounting Oversight Board (PCAOB) standards, aligning their oversight requirements with those of domestic stablecoin issuers.

Neutral on CryptoAdd commentary

Quoted from congress.gov

"S. 3907. A bill to amend the GENIUS Act to require foreign payment stablecoin issuers to undergo an annual audit similar to United States payment stablecoin issuers, and for other purposes; to the Committee on Banking, Housing, and Urban Affairs." [S651]

Neutral on CryptoAdd commentary

Took stances on a bill between and

Bill: GENIUS Act
Details: The GENIUS Act of 2025 proposes a regulatory framework for payment stablecoins. It defines permitted issuers (insured depository institutions, their subsidiaries, and approved nonbank entities) and mandates 1:1 reserve backing with specific high-quality assets. The bill outlines federal and state regulatory oversight options, sets requirements for customer asset segregation, and grants stablecoin holders priority in insolvency proceedings. It also clarifies that regulated payment stablecoins are not considered securities or commodities under various acts. The bill designates issuers as financial institutions under the Bank Secrecy Act, requiring compliance with AML, KYC, and sanctions regulations to prevent illicit finance and safeguard national security. It also reinforces U.S. leadership in digital finance by supporting innovation and ensuring the dollar remains competitive in a rapidly evolving global financial landscape.

Timeline

Very Anti-Crypto

Voted against - Final Passage Out Of Senate

Very Anti-Crypto

Voted against - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Very Anti-Crypto

Voted against - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Add commentary

Senator Jack Reed

@SenJackReed

The so-called GENIUS Act doesn’t do enough to protect consumers, national security, & U.S. taxpayers. It greenlights Pres. Trump using his office to line his own pockets and looks the other way on North Korea’s abuse of crypto. We need REAL guardrails, tools & authorities.

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

It might look like a normal ATM. But Bitcoin ATM scams conned Americans out of more than $114 million in 2023 alone. These largely unregulated machines are a huge hit with fraudsters & scammers. I’m leading the effort to protect consumers & crack down on Crypto ATM bad actors.

Very Anti-CryptoAdd commentary

Voted against a bill on

Bill: S.J. Res 3
Details: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
Vote: Final Passage Out Of Senate

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Teaming up w/ @SenatorDurbin on the Crypto ATM Fraud Prevention Act. Help us fight crypto ATM scams: 1. Educate yourself & loved ones to spot signs of crypto scams 2. Question unusual requests related to crypto payments 3. Report scams to your local law enforcement agency & @FTC

Very Anti-CryptoAdd commentary

Cosponsored a bill on

Bill: Crypto ATM Fraud Prevention Act of 2025
Details: This bill, titled the "Crypto ATM Fraud Prevention Act of 2025," mandates extensive registration and reporting requirements for virtual currency kiosk operators to the Treasury Secretary. It requires detailed disclosures to customers, physical receipts, and a refund policy for fraudulently induced transactions. The bill also imposes anti-fraud policies, including the use of blockchain analytics and the appointment of a compliance officer. For new customers, it introduces transaction limits and a requirement for live verbal confirmation for transactions over $500 to prevent fraud.

Somewhat Anti-CryptoAdd commentary

Voted against a bill on

Bill: 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.
Vote: Final Passage Out Of Senate

Very Anti-CryptoAdd commentary

A post from @EleanorTerrett referenced Jack Reed

Eleanor Terrett

@EleanorTerrett

NEW: Rhode Island Senator @SenJackReed and California Senator @Senlaphonza have penned a letter to @GaryGensler asking for the agency to step in to ensure broker-dealers are giving investors the proper disclosures around the $BTC ETFs (which they say should be properly referred to as ETPs). Reed also calls on the SEC to NOT approve other #crypto ETFs: “While the bitcoin market has displayed serious weaknesses, it is nonetheless far more established and scrutinized than the market for any other cryptocurrency. However vulnerable bitcoin may be to fraud and manipulation, markets for other cryptocurrencies are far more exposed to misconduct. We do not believe that other cryptocurrencies show the trading volumes or integrity to support associated ETPs.”

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

If foreign banks or foreign crypto firms knowingly do business w/ terrorists, they should lose access to the U.S. financial system. Our new bipartisan bill gives @USTreasury tools to protect our nat’l & economic security from new & emerging threats from terrorist orgs.

Mark Warner

@MarkWarner

I’m leading colleagues to introduce legislation that would reform the way the U.S. applies sanctions to foreign parties who facilitate transactions with terrorist organizations – including Hamas. We need to do everything in our power to crack down on the financing of terrorism.

Neutral on CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Crypto ATM & decentralized finance (DeFi) services are being used as tools by money launderers & sanction evaders. To reduce nat’l & economic security risks, I’m joining colleagues to intro CANSEE Act to bolster @USTreasury authorities & protect financial system integrity.

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

.@USTreasury is sanctioning Russia-based crypto platforms that are hotbeds of illicit activity & facilitate sales of ransomware, drugs, stolen credit cards, etc. & let cybercriminals hide their tracks. This is a critical step to prevent crypto from undermining nat'l security.

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Russia is looking at alternative assets, including crypto, to evade sanctions. Blockchain transparency doesn’t provide enough deterrence. The Digital Asset Sanctions Compliance Enhancement Act is needed to strengthen our sanctions on Putin & his enablers. cnbc.com/2022/03/24/rus…

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

We can’t let Putin & his cronies use crypto to evade sanctions. Joined @SenWarren @MarkWarner @SenSherrodBrown in urging U.S. Treasury to monitor & enforce sanctions compliance by the cryptocurrency industry. nytimes.com/2022/03/02/bus…

Very Anti-CryptoAdd commentary

DoTheySupportIt grades politicians on crypto from how they vote and what they say. How it works

US Senator from Rhode Island

Does Jack Reed Support Crypto?

Democrat

7 votes · 2 sponsorships · 10 statements

Latest · Vote on CLARITY ActVery Anti-Crypto

Crypto grade

Very Anti-Crypto

Based on 19 stances

Based on previous comments, Jack Reed has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Jack Reed has made about crypto.

Document a missing stance

Full record

Took stances on a bill between and

Bill: CLARITY Act
Details: The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.

Timeline

Very Anti-Crypto

Voted against - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, CLARITY could not have gotten to a final vote without members voting in favor.

Very Anti-Crypto

Voted against - Vote advancing bill out of Senate Banking Committee (Final Passage Out Of Senate)

Add commentary

Sponsored a bill on

Bill: Foreign Stablecoin Transparency Act
Details: This legislation amends the GENIUS Act to establish financial reporting and auditing standards for large foreign payment stablecoin issuers. Specifically, foreign issuers with more than $50 billion in outstanding stablecoins must prepare annual financial statements according to GAAP. Additionally, they must engage a registered public accounting firm to perform an audit under Public Company Accounting Oversight Board (PCAOB) standards, aligning their oversight requirements with those of domestic stablecoin issuers.

Neutral on CryptoAdd commentary

Quoted from congress.gov

"S. 3907. A bill to amend the GENIUS Act to require foreign payment stablecoin issuers to undergo an annual audit similar to United States payment stablecoin issuers, and for other purposes; to the Committee on Banking, Housing, and Urban Affairs." [S651]

Neutral on CryptoAdd commentary

Took stances on a bill between and

Bill: GENIUS Act
Details: The GENIUS Act of 2025 proposes a regulatory framework for payment stablecoins. It defines permitted issuers (insured depository institutions, their subsidiaries, and approved nonbank entities) and mandates 1:1 reserve backing with specific high-quality assets. The bill outlines federal and state regulatory oversight options, sets requirements for customer asset segregation, and grants stablecoin holders priority in insolvency proceedings. It also clarifies that regulated payment stablecoins are not considered securities or commodities under various acts. The bill designates issuers as financial institutions under the Bank Secrecy Act, requiring compliance with AML, KYC, and sanctions regulations to prevent illicit finance and safeguard national security. It also reinforces U.S. leadership in digital finance by supporting innovation and ensuring the dollar remains competitive in a rapidly evolving global financial landscape.

Timeline

Very Anti-Crypto

Voted against - Final Passage Out Of Senate

Very Anti-Crypto

Voted against - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Very Anti-Crypto

Voted against - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Add commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary

Voted against a bill on

Bill: S.J. Res 3
Details: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
Vote: Final Passage Out Of Senate

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary

Cosponsored a bill on

Bill: Crypto ATM Fraud Prevention Act of 2025
Details: This bill, titled the "Crypto ATM Fraud Prevention Act of 2025," mandates extensive registration and reporting requirements for virtual currency kiosk operators to the Treasury Secretary. It requires detailed disclosures to customers, physical receipts, and a refund policy for fraudulently induced transactions. The bill also imposes anti-fraud policies, including the use of blockchain analytics and the appointment of a compliance officer. For new customers, it introduces transaction limits and a requirement for live verbal confirmation for transactions over $500 to prevent fraud.

Somewhat Anti-CryptoAdd commentary

Voted against a bill on

Bill: 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.
Vote: Final Passage Out Of Senate

Very Anti-CryptoAdd commentary

A post from @EleanorTerrett referenced Jack Reed

Eleanor Terrett

@EleanorTerrett

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Mark Warner

@MarkWarner

Neutral on CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary

Senator Jack Reed

@SenJackReed

Very Anti-CryptoAdd commentary