Does Jack Reed Support Crypto?

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 Bitcoin, Ethereum, and cryptocurrency innovation.

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Very Anti-Crypto

Voted against a bill on May 16th, 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 Anti-Crypto

A post from @EleanorTerrett referenced Jack Reed
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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.”
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Very Anti-Crypto

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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.
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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.
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Very Anti-Crypto

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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.
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Very Anti-Crypto

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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.
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