Does Mike Flood Support Crypto?

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

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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Congratulations, @BrianQuintenz! He was the first featured speaker at Flyover Fintech 2023. I’m looking forward to working with him on regulatory clarity for digital assets and providing spot market authority over crypto to the @CFTC. He will make an excellent CFTC Chair.
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Brian Quintenz
@BrianQuintenz
It is my great honor to be nominated by President @realDonaldTrump as the next Chairman of the Commodity Futures Trading Commission, where I had served as a Commissioner in his last administration. The @CFTC plays a critical role in maintaining robust hedging and price discovery markets that are the envy of the globe. The agency is also well poised to ensure the USA leads the world in blockchain technology and innovation. I look forward to working with President Trump’s incredible financial regulatory team. 🇺🇸
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Very Pro-Crypto

Mike Flood reposted the post below
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Patrick McHenry
@PatrickMcHenry
It’s only taken 4 days for @realDonaldTrump and his team to undo the damaging policies that targeted #crypto over the last 4 years. Still work to be done but this is a great start. Credit to Commissioner @HesterPeirce and @USRepMikeFlood for their tireless work to highlight the disaster that was SAB 121.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Crypto is here to stay. I'm excited to work with President @realDonaldTrump's crypto czar and the new leadership he'll place at @SECGov to help make America the #fintech hub of the world. Watch my conversation with @RepDanCrenshaw and @RepHouchin 👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
President Biden and @SECGov Chair @GaryGensler refused to roll back SAB 121. Only 28 days until @realDonaldTrump's new pro-crypto administration begins. Here's what @BitwiseInvest had to say about SAB 121's negative impact👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
At Flyover Fintech, Matthew Horne of @Fidelity highlighted how #DigitalAssets came to market. Digital assets and #Blockchain technologies have proven their staying power. The federal government should support—not hinder—continued #fintech innovation. More below 👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Federal regulators under Biden are out of touch with the ever-evolving digital asset market. After four years of @SECGov Chair @GaryGensler, we've seen the consequences of this approach. I asked @Anchorage how regulators can stay current on digital assets. Listen here 👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Excited to work with President @realDonaldTrump to modernize America's financial system and usher in a new era for #DigitalAssets. I recently asked @StellarOrg about the benefits and opportunities a US dollar-backed stablecoin brings the average American. Tune in here 👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
America can become the #DigitalAssets capital of the world. Digital asset ETFs are a way to help expand access to digital assets for retail investors. Here's what Krista Lynch of @Grayscale had to say on this at Flyover Fintech ⬇️ https://t.co/w7V0DdzKxR
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
At Flyover Fintech, @BitwiseInvest highlighted how we can make crypto assets more accessible. With the departure of SEC Chair @GaryGensler nearing, there are great opportunities ahead to support #fintech innovation and expand access to #DigitalAssets. Listen below 👇
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Very Pro-Crypto

Mike Flood reposted the post below
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Washington Journal
@cspanwj
WATCH: Rep. Mike Flood (R-Nebraska) on Trump nominees RFK Jr. and Matt Gaetz - including the debate over whether the House Ethics Committee should release its report on Gaetz. @USRepMikeFlood: "The benefit I think to not releasing that report is that, first of all it's our precedent, and second I think it is a useful tool to get members that have a legitimate ethics issue to resign their post rather than having to go through some type of expulsion."
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Very Pro-Crypto

Mike Flood reposted the post below
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Crypto Council for Innovation
@crypto_council
.@USRepMikeFlood in today's DeFi hearing: In my view the largest implications of DeFi are unrelated to the financial applications...it's the technology we're talking about, not trading or wallets, that could really change the world.
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Very Pro-Crypto

Mike Flood reposted the post below
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Financial Services GOP
@FinancialCmte
⏪ #AugustRewind ⏪ The @SECGov's SAB 121 crypto accounting rule upends bank custody practices for digital assets. Watch @USRepMikeFlood deliver remarks on the House floor in support of his bipartisan resolution to nullify the SEC's disastrous bulletin. 📺 👇 https://t.co/f6xLWYLD2B
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Very Pro-Crypto

Mike Flood reposted the post below
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Financial Services GOP
@FinancialCmte
#WATCH: @USRepMikeFlood on the potential for a U.S. CBDC to be politically weaponized: "Once a CBDC is built, even if it was built with good intentions, it will endure through every political twist and turn our country has ahead." 📺👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Imagine the politician you dislike the most with the power to monitor, restrict or even halt the financial transactions of their political opponents. It’s a horrifying thought, and it cuts to the core of why we need to reject a retail CBDC in this country.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
This is a landmark result for digital asset regulation. Both the House and Senate – including Majority Leader Schumer in the Senate – have delivered a clear, bipartisan message to the @SECGov that SAB 121 needs to go.
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Senate Cloakroom
@SenateCloakroom
Passed, 60-38: Passage of H.J.Res.109, Lummis SEC Staff Accounting Bulletin CRA.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
It set a disturbing precedent and is not the appropriate vehicle to promulgate accounting guidance for digital asset custodians. I appreciate the broad support of my colleagues in the House for H.J. Res. 109 and urge the Senate to take action to deliver a full repeal of SAB 121.
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Very Pro-Crypto

Mike Flood reposted the post below
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Patrick McHenry
@PatrickMcHenry
There is bipartisan agreement SAB 121 undermines consumer protection and leaves customers' digital assets vulnerable. I look forward to getting this measure across the finish line to overturn it. Thanks to @USRepMikeFlood, @RepWileyNickel, and @SenLummis for your leadership.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Chair @GaryGensler’s SAB 121 has virtually blocked banks from serving as custodians of digital assets. Today, @RepWileyNickel, @SenLummis, and I introduced resolutions to repeal @SECGov's terrible bulletin. SAB 121’s days are numbered – it’s time for it to go! 📝🗑️
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Very Pro-Crypto

Sponsored a bill on Feb 1st, 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

Mike Flood reposted the post below
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Tony Edward (Thinking Crypto Podcast)
@ThinkingCrypto1
Gary Gensler is out of control & needs to be held Accountable! Congressman Mike Flood joins me to discuss US #Crypto Regulations and reigning in Gary Gensler and the SEC. @USRepMikeFlood WATCH ▶️ hyoutu.be/N-nvZX7taI4 Topics: - Holding the #SEC & Gary Gensler accountable - Crypto regulation bills in the House - #Stablecoin regulation - Wall Street entering the Crypto market - #CBDCs and our rights #interview #podcast #usa #garygensler #firegarygensler #SubpoenaGaryGensler #bitcoin #ethereum #xrp #ripple
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Very Pro-Crypto

Sponsored a bill on Sep 27th, 2023
Bill Name
Uniform Treatment of Custodial Assets Act
Details
To prohibit certain Federal agencies from requiring certain institutions to include assets held in custody as a liability, and for other purposes.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
"If we use a federal CBDC, the Federal Reserve would be at the center of every American transaction […] That’s an enormous amount of power, and that power would put tremendous political power on the Federal Reserve." This is why we need @GOPMajorityWhip’s bill to ban the Federal Reserve from creating a Central Bank Digital Currency.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
In a digital age, cryptocurrency represents new economic opportunities for America – but it’s critical for private sector innovators to take the lead. The American dollar has long been a symbol of prosperity and freedom, and our digital currencies should be the same.
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Tom Emmer
@GOPMajorityWhip
🚨Today, with 49 of my Republican colleagues, I reintroduced the CBDC Anti-Surveillance State Act👇 foxbusiness.com/markets/gop-ta…
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Somewhat Pro-Crypto

Cosponsored a bill on Sep 12th, 2023
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

Mike Flood reposted the post below
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Financial Services GOP
@FinancialCmte
The U.S. needs a clear regulatory framework to harness the promise of payment stablecoins and ensure consumer protection. Republicans like @USRepMikeFlood are advancing bipartisan legislation that includes both state and federal pathways for issuance and regulation.
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Very Pro-Crypto

Mike Flood reposted the post below
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blockchain tipsheet
@blockchaintpsht
Brian Quintenz, former CFTC Commissioner now @a16zcrypto discussing digital assets with @USRepMikeFlood. @RepFrenchHill listening. Quintenz: “We have to protect the idea that publishing code is akin to publishing in general... And then it's how the technology is used…” #flyoverfintech
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
This panel features a variety of broker dealers and exchanges who engage on the retail side of digital asset investing. I encourage anyone who is interested in joining the conversation to reserve their spot and register for Flyover Fintech.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Establishing a regulatory framework for cryptocurrency that promotes private sector innovation has been a hot topic in Washington recently. I'm excited to announce that Flyover Fintech will feature a panel titled “How a Lack of Clarity Affects Digital Asset Retail Investing."
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
This decision is an enormous victory for the future of digital assets in the United States and American innovation. Now that Chair Gensler’s spurious legal argument on XRP has been discredited, it is time for Congress to act where the SEC and Chair Gensler have failed.
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Ripple
@Ripple
XRP is not a security. This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S. A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Our country’s dual-banking system has promoted innovation – innovation that should be encouraged in the area of crypto. I'm excited to announce that Flyover Fintech will feature a panel titled “Clarity and Custody: Why the Lack of Clarity for Custodians Stifles Innovation.”
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Very Pro-Crypto

Mike Flood reposted the post below
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Warren Davidson 🇺🇸
@WarrenDavidson
The Biden administration’s Council of Economic Advisors has flip-flopped on how they intend to handle digital assets. This week, @USRepMikeFlood and I sent a letter to the CEA addressing this issue. Read ⤵️ https://t.co/2wBuWtn6KV
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
Digital assets are at the heart of our digital economy’s future, but the Biden’s Administration’s response is driving innovators out of America and into the hands of international competitors. Read my letter with Rep. @WarrenDavidson 👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
There is simply no way the digital assets ecosystem within the United States will survive without some kind of action from Congress to combat the regulatory deluge we’ve seen in the past few months. Watch my full comments 👇
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Very Pro-Crypto

Mike Flood reposted the post below
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Financial Services GOP
@FinancialCmte
#WATCH: @USRepMikeFlood highlights the risks that @SECGov's SAB 121 guidance poses to the digital asset ecosystem and its potential to increase risks for consumers engaged in this marketplace. 📺👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
The CBDC Anti-Surveillance State Act is a key step towards ensuring that Americans maintain their financial freedom by prohibiting a centrally controlled digital currency as our economy continues to innovate in the area of digital assets.
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
In a digital age, cryptocurrency represents new economic opportunities for America – but it’s critical for private sector innovators to take the lead. The American dollar has long been a symbol of prosperity and freedom, and our digital currencies should be the same.
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Tom Emmer
@GOPMajorityWhip
Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. 👇
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Very Pro-Crypto

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Rep. Mike Flood
@USRepMikeFlood
From establishing a commonsense digital asset regulation to ensuring we protect the financial freedom of all Americans, I’m looking forward to contributing to the important policymaking and oversight these subcommittees will lead on in the coming months.
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