Does Sylvia Garcia Support Crypto?

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

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Pending Position

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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.
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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

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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Pending Position

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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!
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Pending Position

Sylvia Garcia reposted the post below
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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 🧵:
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Very Pro-Crypto

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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.
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Neutral on Crypto

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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
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Neutral on Crypto

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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.
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Somewhat Pro-Crypto

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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.
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Somewhat Pro-Crypto

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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 🔽
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