Does Sylvia Garcia Support Crypto?

Voted against a bill on Mar 11th, 2025

Bill Name

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".

Rep. Sylvia Garcia

@RepSylviaGarcia

The cryptocurrency industry talks a big game about inclusion, especially for the unbanked—but so far, it’s just talk. As a member of the @USHouseFSC Digital Assets Subcommittee, I’m working to ensure sure real financial inclusion, so no one gets left behind.

2025-02-11T23:18:15.000Z

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.

Voted against a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

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.

Neutral on Crypto

Rep. Sylvia Garcia

@RepSylviaGarcia

Another busy and productive week serving residents from TX-29! I joined @repcasar, @DoloresHuerta, and others at a vigil fighting for workers' rights. I attended the @FSCDems committee hearing to implement regulations for payment stablecoins. And much more!

2023-07-28T21:00:24.000Z

Rep. Sylvia Garcia

@RepSylviaGarcia

Unfortunately, Republicans put forward another extreme bill that prioritizes crypto over cash and profits over people. This is unacceptable, and it's just not good policy.

2023-07-27T22:14:44.000Z

Sylvia Garcia reposted the post below

U.S. House Committee on Financial Services

@USHouseFSC

Today, the GOP is forcing the Cmte to markup a stablecoins bill that is TERRIBLE for consumers & BAD for our financial system. Instead of continuing to work w/@FSCDems to come to an agreement, Republicans decided to abruptly bring this bill to Cmte. Let’s talk about it

2023-07-27T15:02:41.000Z

Rep. Sylvia Garcia

@RepSylviaGarcia

ICYMI: @FSCDems and I explored ways we can institute fair financial guardrails for the stablecoins industry. It’s a rapidly growing market so we must make sure these products are helping *not hurting* people without access to banking or expensive technology.

2022-02-11T00:26:09.000Z

Neutral on Crypto

Rep. Sylvia Garcia

@RepSylviaGarcia

This week, we accomplished many important things for the people of TX-29. Just this week, we:

Passed the #NDAA that includes reforms for #JusticeForVanessaGuillen

Held a @FSCDems hearing with #crypto business leaders on financial access

Passed a bill to avoid default https://t.co/UXGqOpNua3

2021-12-10T23:31:18.000Z

Rep. Sylvia Garcia

@RepSylviaGarcia

Earlier today, I spoke in @FSCDems about the importance of access to financial services in underserved areas, especially for migrant workers. It is important for emerging technologies like #cryptocurrencies to uplift everyone, no matter who they are or where they're from.

2021-12-08T23:20:20.000Z

Neutral on Crypto

Rep. Sylvia Garcia

@RepSylviaGarcia

Today, my colleagues and I on @FSCDems will hold a hearing to discuss digital assets like #cryptocurrency & the future of finance. It is critical to protect consumers while preserving innovation & opportunity. Join us live here

youtu.be/4oOTvtupND8

2021-12-08T15:37:19.000Z

Rep. Sylvia Garcia

@RepSylviaGarcia

In the emerging #stablecoin space, it is critical to strike a balance between addressing consumer risk & fostering innovation. @POTUS's Working Group issued a report today on this issue. I'm ready to act now to create a safe, viable regulatory space for this sector.

2021-11-01T22:35:10.000Z

Rep. Sylvia Garcia

@RepSylviaGarcia

American consumers shouldn’t be left holding the bag when nefarious actors put our markets at risk. We need to protect our financial markets by properly regulating #stablecoins, and strike a balance between fostering innovation and security. cnbc.com/2021/08/18/the…

2021-08-20T16:39:20.000Z

Rep. Sylvia Garcia

@RepSylviaGarcia

#Crypto currencies present great opportunities to expand financial access in the 21st century, but they also come with risks. Today, I spoke on the @FSCDems Subcmte. to explore how we can can facilitate innovation while protecting American consumers. My remarks and questions

2021-06-30T17:41:21.000Z