Does Ritchie Torres Support Crypto?

Analysis on Stance

@DTSIBot
submitted some AI-generated analysis

Rep. Ritchie Torres continues to be a strong advocate for sensible crypto regulation. His retweet of this Decrypt article, highlighting Congressional efforts to include NFT protections in a revised crypto bill, underscores his commitment to fostering innovation while safeguarding consumers. This proactive approach is essential for the responsible growth of the digital asset space. A stance score of 100 is entirely appropriate given his consistent support for clear and balanced crypto legislation. It's refreshing to see a member of Congress who understands the nuances of this technology and is working to create a regulatory environment that allows it to flourish.

Rep. Ritchie Torres

@RepRitchie

In the Howey case, the Supreme Court never held that orange groves in themselves are securities. It held that orange groves can be part of investment contracts, which are securities. Like orange groves, digital assets in themselves are not securities. Using the term “digital aesurd as using the term “orange grove securities.”

2024-09-27T15:57:13.000Z

Rep. Ritchie Torres

@RepRitchie

The term ‘digital asset security’ does not appear anywhere in any law enacted by Congress or in any rule promulgated by the SEC or in any decision rendered by the Supreme Court. It appears nowhere in the 2 million pages of the Federal Register. If it comes from neither statute nsC invented the term out of thin air.

2024-09-19T17:06:22.000Z

Rep. Ritchie Torres

@RepRitchie

Today, I voted YES on #FIT21. It represents a bipartisan effort to regulate the digital assets industry, prevent the next FTX, safeguard consumers, cement the US as a global leader in finance and technology, and promote a secure, innovative, and inclusive financial future.

2024-05-23T01:02:29.000Z

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.

Cosponsored a bill on May 1st, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

Ritchie Torres reposted the post below

blockchain tipsheet

@blockchaintpsht

Interview: @RepRitchie Torres makes progressive case for digital assets.... today's tipsheet Read: blockchaintipsheet.com/legislation/re… * Progressive case for crypto: "If you’re concerned about the concentrated power of 'Big Tech' and Wall Street, there’s a compelling alternative to be found in crypto." * Stablecoin law: "I could imagine a regime of tiered regulation in which… if a stablecoin reaches a certain size or passes a certain threshold, then it’s primarily subject to federal regulation." * The SEC: "I fundamentally disagree with the approach that [Chair Gary Gensler] has taken with respect to crypto. The first has been… a lack of regulatory clarity..." * Ethereum ETF: "If it’s compliant with the law, then it should be granted approval." * The generational divide in Congress: "...there’s a new generation of Members – like myself and [Rep. Wiley Nickel (D, NC)] – who are much more receptive to the potentialities of emerging technologies..." * Regarding the CRA resolution on SAB 121: "If it came to the floor for a vote, I would vote for it."

2024-02-16T14:00:23.000Z

Rep. Ritchie Torres

@RepRitchie

This afternoon, I will be participating in a @FSCDEMS Subcommittee hearing entitled “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” Watch here at 2 PM

https://t.co/jfsIJI62sI

2024-02-15T17:37:02.000Z

Rep. Ritchie Torres

@RepRitchie

During todays @FSCDems hearing, I questioned @SecYellen on New York Community Bank, banking regulation, stablecoins, and China. Watch here.youtu.be/ABPzW5uaM34

2024-02-06T21:34:37.000Z

Rep. Ritchie Torres

@RepRitchie

I cross-examined @SECGov Chair Gary Gensler about the term 'investment contract', which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are deafening and damning.

2023-09-27T19:37:33.000Z

Cosponsored 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.

Rep. Ritchie Torres

@RepRitchie

Tune in -- I'm getting ready to join @Crypto_TownHall to talk about historic bipartisan legislation on digital asset regulatory framework and stablecoin technology that passed out of House Financial Services this week.

The Wolf Of All Streets

@scottmelker

The US House Of Representatives has made historic progress on crypto legislation. One of the key members making it happen is @RepRitchie, who will be joining #cryptotownhall today to discuss.

2023-07-28T12:57:55.000Z

2023-07-28T14:10:31.000Z

Rep. Ritchie Torres

@RepRitchie

The status quo of crypto regulation by enforcement has failed retail customers. Einstein once said: “If we do the same thing over and over again and expect a different result, that’s the definition of insanity.” It’s time for Congress to bring sanity to crypto regulation.

2023-07-26T19:21:48.000Z

Rep. Ritchie Torres

@RepRitchie

TUNE IN

Watch live as I participate in a @FSCDems markup on legislation establishing regulatory framework for digital assets. youtu.be/wCqqBLMboOc

2023-07-26T15:56:43.000Z

Rep. Ritchie Torres

@RepRitchie

Judge Analisa Torres’s decision in the Ripple case establishes what I call the Torres Doctrine, rejecting @SECGov Chair Gary Genler’s indiscriminate assault on crypto. Digital assets aren’t securities in themselves but can be part of investment contracts, which are securities.

Decrypt

@DecryptMedia

Congressman Torres Tells SEC Chairman To End Crypto ‘Crusade’ After Ripple Ruling ► decrypt.co/149079/end-sec… decrypt.co/149079/end-sec…

2023-07-18T21:31:18.000Z

2023-07-18T21:58:04.000Z

Rep. Ritchie Torres

@RepRitchie

Crypto regulation by enforcement had a dreadful day in court. In light of the SDNY’s landmark decision in the Ripple case, @SECGov must reassess its reckless regulatory assault on the crypto industry. My letter to Chair Gensler:

2023-07-18T16:12:15.000Z

Rep. Ritchie Torres

@RepRitchie

Needless to say, regulating digital assets through enforcement only had a dreadful day in court last week. In the wake of the resounding decision out of the SDNY Ripple case, @SECGov must reassess its continued assault on the crypto industry. My letter to Chair Gensler:

2023-07-18T14:54:13.000Z

Rep. Ritchie Torres

@RepRitchie

Worth noting the judge's last name in this first-of-its-kind case today out of the Southern District of New York. Never met a Torres who was wrong on crypto. reuters.com/legal/us-judge…

2023-07-13T20:52:54.000Z

Rep. Ritchie Torres

@RepRitchie

@SECGov is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a secret. It prefers to communicate by enforcement rather than by rules or guidance. But that's no way to regulate digital assets. I'm calling for an investigation.

Forbes Crypto

@ForbesCrypto

SCOOP: N.Y Congressman Torres Wants The SEC Investigated Over Controversial Crypto License: by @Steven_Ehrlich forbes.com/sites/steveneh…

2023-07-13T11:04:16.000Z

2023-07-13T16:54:59.000Z

Rep. Ritchie Torres

@RepRitchie

As I pointed out during a @FSCDems hearing this week, members of Congress are elected by and accountable to the American people. We should be the ones deciding the future of regulating digital assets and other emerging technologies like cryptocurrency. Not unelected bureaucrats.

2023-06-16T14:44:19.000Z

Rep. Ritchie Torres

@RepRitchie

TUNE IN

This afternoon, as a member of @FSCDems, I'm participating in a hearing examining the future of digital assets and the need to provide regulatory clarity for the digital asset ecosystem. Tune in starting at 2 p.m.: youtube.com/watch?v=Sq4-6d…

2023-06-13T17:37:02.000Z

Somewhat Anti-Crypto

Rep. Ritchie Torres

@RepRitchie

In April, as a member of @FSCDems, I pressed @SECGov Chair Gensler to be more aggressive about enforcement against offshore cryptocurrency companies. Today, the agency announced long overdue legal action against Binance and its founder/CEO. My statement:

2023-06-05T20:44:55.000Z

Rep. Ritchie Torres

@RepRitchie

The evidence is crystal clear -- state regulators like @NYDFS have been far more effective at regulating cryptocurrencies than federal regulators. Watch my questioning during yesterday's @FSCDems hearing aimed at developing a framework for stablecoin regulation and legislation.

2023-05-19T13:42:29.000Z

Rep. Ritchie Torres

@RepRitchie

TUNE IN

This morning, as a member of @FSCDems, I'm participating in the Digital Asset Subcommittee hearing on “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise”. Watch live: youtube.com/watch?v=j9yNSG…

2023-05-18T14:08:19.000Z

Rep. Ritchie Torres

@RepRitchie

TUNE IN

This morning, as a member of @FSCDems, I'm participating in a joint hearing with @HouseAgDems on the "Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Market". Watch here: youtube.com/watch?v=gwJ1QA…

2023-05-10T13:49:51.000Z

Rep. Ritchie Torres

@RepRitchie

TUNE IN

This morning, as a member of @FSCDems, I’m participating in a subcommittee hearing aimed at strengthening our understanding the role of stablecoins in payments and the need for legislation. Watch: youtube.com/live/ti0CDUxTA…

2023-04-19T14:08:52.000Z

Rep. Ritchie Torres

@RepRitchie

WATCH LIVE

Right now, I'm taking part in a hearing of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion youtube.com/watch?v=aOUUy4…

2023-03-09T20:32:47.000Z

nydailynews.com/opinion/ny-ope…X

Rep. Ritchie Torres

@RepRitchie

“The power of crypto should and must be harnessed to create an alternate economy where individual innovators are no longer at the mercy of corporate rent-seekers.” My thoughts on the future of #cryptocurrency in @NYDailyNews oped

2022-03-17T17:12:06.000Z

Rep. Ritchie Torres

@RepRitchie

Far from displacing the dollar, #Stablecoin has the potential to reinvigorate the U.S. dollar as the world’s reserve currency. The relationship between old money and new money could prove to be mutually beneficial. Recent @FSCDems #Crypto hearing

2021-12-16T00:01:48.000Z

Neutral on Crypto

Rep. Ritchie Torres

@RepRitchie

#Crypto presents government with the challenge of enforcing the law in a world of decentralization. How do you enforce the law when there is no central entity against which to enforce the law? See the response from recent @FSCDems hearing on crypto

2021-12-15T01:07:16.000Z

Rep. Ritchie Torres

@RepRitchie

Immigrants often pay predatory fees to send remittances to loved ones abroad. #Crypto has the potential to create a better, cheaper, faster payment system. My mission is to make the crypto revolution work for the lowest-income Americans. @FSCDems hearing Q&A

2021-12-10T22:38:55.000Z