Does Sean Casten Support Crypto?

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

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Somewhat Anti-Crypto

Voted against a bill on May 23rd, 2024
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 Anti-Crypto

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Rep. Sean Casten
@RepCasten
House Republicans have refused to bring to the floor my amendments to help address the use of crypto obfuscation tools that are preferred by terrorists, drug traffickers, and foreign adversaries. I urge my colleagues to oppose this harmful bill.
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Eleanor Mueller
@Eleanor_Mueller
House Rules also voted along party lines tonight against debating a trio of amendments from Casten (D) that would cut out Emmer’s Securities Clarity Act + crack down on crypto mixers. No. 1: amendments-rules.house.gov/amendments/CAS… No. 2: amendments-rules.house.gov/amendments/CAS… No. 3: amendments-rules.house.gov/amendments/CAS…
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Very Anti-Crypto

Voted against 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.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
The reporting that @PatrickMcHenry has threatened the National Defense Authorization Act, including legislation to combat fentanyl trafficking, unless it includes legislation written by & for the crypto lobby is concerning to anyone who cares about protecting national security.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
Today, I introduced an amendment to legislation under consideration by the Financial Services Committee to get to the bottom of how much money Hamas has raised in crypto and how they use mixers to stay anonymous. Every single Republican on the committee voted against it.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
We can not allow crypto to be used to launder money and bypass international sanctions. I led a bipartisan letter with @SenWarren, @RogerMarshallMD and over 100 of our colleagues asking the Biden Admin how it plans to prevent future crypto-financed terrorism.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
Following reports that Hamas raised tens of millions of dollars via crypto to fund their attack on Israel, I led a bipartisan letter with @SenWarren, @RogerMarshallMD and over 100 of our colleagues asking the Biden Admin how it plans to prevent future crypto-financed terrorism.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
🚨 NEWS: Following reports that Hamas raised millions of dollars via crypto to fund their attack on Israel, @SenWarren, @RogerMarshallMD & I led over 100 of our colleagues in a bipartisan letter to the Biden Admin asking how it plans to prevent future crypto-financed terrorism.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
Cryptocurrency and other digital assets pose risks to the United States' national security through money laundering, ransomware, and other illicit methods. We need to strengthen our nation’s anti-money laundering laws by addressing gaps in the Bank Secrecy Act.
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Very Anti-Crypto

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Rep. Sean Casten
@RepCasten
If someone invested in the S&P 500 between 2017 and 2022, they would have received a 61% return, but if they invested in the median basket of cryptocurrencies, they would have lost 46% of the investment. Crypto is not the solution to closing the wealth inequality gap.
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Neutral on Crypto

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Rep. Sean Casten
@RepCasten
Alex Kearns was tragically taken from his family after Robinhood erroneously said he owed $730,000. As the cryptocurrency industry grows, @FSCDems are calling on @SECGov to be prepared with the necessary tools to protect investors from fraud, manipulation & abuse.
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Neutral on Crypto

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Rep. Sean Casten
@RepCasten
ATTN: After months of working on @FSCDems first-ever Digital Assets Working Group, I'm excited for today's first public Congressional hearing on digital assets, cryptocurrency, and the future of finance. Watch here ⤵️ https://t.co/J2DSHIXV8Z
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