Does Young Kim Support Crypto?

Young Kim

@RepYoungKim

The U.S. can't lead in today's digital economy when we aren't even keeping up. The #FIT21 Act creates a regulatory framework that sets guidelines for digital assets in the 21st century economy & promotes innovation while providing robust consumer protections. pic.twitter.com/2kOc7xvVn1

2024-05-22T21:30:00.000Z · via Twitter

Voted for a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

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.

Somewhat Pro-Crypto

Quoted from www.standwithcrypto.org on Mar 30th, 2024

Congresswoman Young Kim completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. She emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Congresswoman Young Kim supports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.

Young Kim

@RepYoungKim

The SEC's approval of several spot Bitcoin ETF applications is a step in the right direction for the future of digital markets. I'm working on @FinancialCmte to protect consumers, boost innovation, & push back on the SEC's track record of overregulation. foxbusiness.com/markets/sec-cl…

2024-01-12T22:30:00.000Z · via Twitter

Somewhat Pro-Crypto

Cosponsored a bill on Sep 12th, 2023

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.

Quoted from docs.house.gov on Jul 26th, 2023

Representative Young Kim voted in favor of advancing H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, out of the House Financial Services Committee. The recorded vote showed 35 ayes to 15 nays.

Neutral on Crypto

Young Kim

@RepYoungKim

The FTX collapse has eroded people’s trust in financial innovation & digital assets. I support bipartisan hearings to get much-needed answers from bad actors. We must avert future collapses & incentivize best practices in the industry. npr.org/2022/11/18/113…

2022-11-23T02:45:00.000Z · via Twitter