Does Sam Liccardo Support Crypto?

Bill

SAFER Act of 2026

Details

This legislation prevents states from prematurely seizing digital assets, securities, and investment accounts under unclaimed property or escheatment laws. It prohibits financial institutions, including centralized digital asset exchanges, from transferring custody of these assets, along with related proceeds, forks, or airdrops, to state governments unless strict conditions are met, such as confirming the owner's death at least three years prior. By establishing federal standards and preempting conflicting state laws, the bill safeguards digital asset holdings from premature liquidation.

Quoted from standwithcrypto.org · 2026-03-05

Sam Liccardo completed the Stand With Crypto Questionnaire, affirming his belief that Congress must pass legislation to provide clear pathways for digital asset businesses and for Americans to self-custody their assets, while also opposing de-banking of lawful crypto firms. He supports a clear legislative framework to define digital assets, has co-sponsored the Stable Act, and plans to introduce a bill to offer fintech and crypto exchanges access to federal payment rails.

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.

Vote

Final Passage Out Of House

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.

Vote

Final Passage Out Of House

Quoted from cointelegraph.com · 2025-06-11

“The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote.

House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote…”

Sam Liccardo was one of the representatives who voted against advancing this pro-crypto legislation.

Bill

STABLE Act of 2025

Details

This bill establishes a comprehensive regulatory framework for payment stablecoins in the United States. It defines payment stablecoins and permitted issuers, mandating 1:1 reserves in high-quality assets, regular audits, and public disclosures. The legislation creates approval pathways for both federally and state-chartered entities to issue stablecoins and clarifies that self-custody of digital assets is not subject to the bill's restrictions. It also includes a two-year moratorium on new algorithmic stablecoins.

Bill

H.J. Res 25

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 House

Bill

MEME Act

Details

This bill, known as the MEME Act, prohibits federal elected officials, certain high-ranking government employees, and their immediate families from engaging in "prohibited financial transactions" for pecuniary gain. These transactions include the issuance, sponsorship, or promotion of "covered assets," explicitly defined to include cryptocurrencies, meme coins, tokens, and non-fungible tokens. The restrictions apply during their term of service, 180 days prior, and 180 days after, backed by civil and criminal penalties, and a private right of action for harm suffered.