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Could Two Crypto Bills Be Signed Into Law in 2026?
My latest @Forbes article focuses on bipartisan crypto tax bill.
@RepHorsford & @RepMaxMiller of @WaysandMeansGOP/@WaysMeansCmte lead negotiations for PARITY Act.
CLARITY & PARITY are on fast track.
forbes.com/sites/digital-…
If the United States doesn't establish the global standard for digital asset regulation, someone else will.
China is not waiting.
The Clarity Act is how America leads — and how we ensure our adversaries don't write the rules of the next financial era.
The future of finance isn’t crypto vs. banks - it’s crypto AND banks.
The Clarity Act establishes clear rules of the road for digital assets, protecting investors and supporting responsible innovation in the U.S.
Crypto billionaires helped install an agency head who would be willing to undo past law enforcement actions against their companies.
This is a scandal.
The crypto legislation Congress is considering would give even more power to this captured agency.
A permanent ban on CBDC is a critical piece when creating a sensible framework of good standards for digital assets in our country.
Congress must codify President Trump’s EO into law.
Americans’ Fourth Amendment freedoms are not a suggestion.
Ban CBDC.
Reform FISA.
Kill the Kill Switch.
It’s time to dismantle the Surveillance State.
The next window for digital asset legislation after this Congress is likely 2030. Until then, developers remain exposed with no legal protections, and law enforcement remains without the tools to hold bad actors accountable. The Clarity Act solves both.
Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed right to their own assets. They join a creditor line w/ other Wall Street firms and expensive lawyers and hope for the best. This is a consumer protection failure Congress must fix.
It’s already too easy for our adversaries to exploit crypto to move billions.
We should be strengthening standards, not creating new gaps our adversaries can exploit.
The Clarity Act should not pass as written.
Chairman @SenatorTimScott stands with @POTUS in the fight to make America the crypto capital of the world.
The Clarity Act delivers clear rules of the road, protects consumers, and ensures the future of finance is built here at home.
America led the world in building the internet because innovators had the freedom to innovate. We cannot allow regulatory uncertainty to drive America’s thriving DeFi industry and digital asset innovation overseas.
Passing the CLARITY Act is critical to giving DeFi the clear rules they need to thrive here in the United States. The future of financial innovation should be built in America.
Where other admins have senselessly punished the digital asset industry, Pres. Trump has promoted policies that embrace this industry & help it thrive. Let’s get the bipartisan Clarity Act to his desk so he can make the U.S. the crypto capital of the world with a stroke of a pen
Thanks to Chairman @RepFrenchHill and my colleagues on @FinancialCmte, the United States is LEADING on market structure legislation and solidifying its place as the crypto capital of the WORLD!
Cryptocurrency scams and fraud accounted for roughly half of all cybercrime losses in the United States last year, threatening the financial security of many hardworking families. Safeguarding consumers requires a coordinated approach. By streamlining enforcement to shut down bad actors, the SAFE Crypto Act would provide a safer digital environment and better protect Idahoans' hard-earned assets.
dailyfly.com/2026/05/20/cra…
Translation, revised:
Pass the SAVE Act
Fund DHS
Fund ICE
Pass reconciliation
Get a warrant
No CBDC
Nuke the filibuster
Fire the Parliamentarian
Do something!
Remember the ESG craze a few years ago?
Banks were scared to finance oil and gas. Bitcoin mining was supposedly boiling the oceans. Cow farts were destroying the planet.
That same anti-growth mentality has now shifted toward AI data centers.
Yes, they use enormous amounts of electricity. Fine, let’s figure out how to put more power on the grid. That’s what major technological revolutions require. And energy markets are already responding. Many data center companies want to build their own power sources and I have legislation that would streamline permitting to do that.
Yes, they use water for cooling. Mostly water that would otherwise flow out to sea.
In return? Trillions in private infrastructure investment. American jobs. AI leadership over China. Breakthroughs in medicine, engineering, and science.
America became powerful by building things. We shouldn’t start apologizing for it now.
nationalreview.com/2026/05/in-def…
Remember the ESG craze a few years ago?
Banks were scared to finance oil and gas. Bitcoin mining was supposedly boiling the oceans. Cow farts were destroying the planet.
That same anti-growth mentality has now shifted toward AI data centers.
Yes, they use enormous amounts of electricity. Fine, let’s figure out how to put more power on the grid. That’s what major technological revolutions require. And energy markets are already responding. Many data center companies want to build their own power sources and I have legislation that would streamline permitting to do that.
Yes, they use water for cooling. Mostly water that would otherwise flow out to sea.
In return? Trillions in private infrastructure investment. American jobs. AI leadership over China. Breakthroughs in medicine, engineering, and science.
America became powerful by building things. We shouldn’t start apologizing for it now.
nationalreview.com/2026/05/in-def…
The digital asset industry operating in America without a real rulebook isn’t a free market, it’s a liability. America needs the Clarity Act now to ensure America writes the rules
Congress cannot continue to ignore Trump’s crypto corruption—favorable treatment & settlements for its business partners—as it races ahead on more cryptocurrency legislation & as the CFTC lets the prediction markets promote illicit & dangerous gambling.
The CFTC has become a craven tool of prediction markets & shady crypto firms—ignoring national security risks while bullying state regulators & retaliating against staff attempting to enforce the law. nytimes.com/2026/05/24/us/…
Wyoming didn’t wait for Washington to figure out digital assets. We built the framework ourselves. I didn’t come to the U.S. Senate to slow that down, I came here to scale it—and that’s exactly what my bill, the Clarity Act, does.
Financial innovation should work for, not against, everyday Americans.
Stablecoins and digital assets have the potential to modernize our financial system, expand access to commerce around the world, and keep America leading in the future of finance!
Thank to North Carolina Congressmen for supporting and co-sponsoring the BITCOIN Act:
-@RepTimMooreNC
-@RepPatHarrigan
-@RepMcDowell
Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide Act of 2025
Thank you, @SenatorRicketts, for supporting protections that preserve states’ power to combat crypto‑kiosk fraud. #NE’s licensing rules, daily limits, and refund guarantees for new customers who fall victim to fraud are commonsense safeguards worth defending at the federal level.
JUST IN: Already 9 congressmen have announced support for Congressman Nick Begich's new Strategic Bitcoin Reserve bill
- Jared Golden
- Buddy Carter
- Matt Van Epps
- Barry Moore
- Burgess Owens
- Mike Carey
- Mike Rulli
- Riley Moore
- Pat Harrigann
Glad to see @FoxBusiness covering @RepNickBegich’s American Reserve Modernization Act today.
As I told them, the United States government already holds billions in seized Bitcoin with no coherent strategy for managing it, and that needs to change.
foxbusiness.com/politics/gop-l…
Proud to be one of those cosponsors.
Just as gold reserves anchored American financial security for generations, a Strategic Bitcoin Reserve positions the United States at the forefront of 21st century finance and out of reach of our adversaries.
To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.
Date Introduced: 2026-05-21
Status: Introduced and Sponsored
To establish a Strategic Bitcoin Reserve and other programs to ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.
A bill to prohibit money services businesses from engaging in any transaction that involves a central bank digital currency issued by the People's Republic of China, and for other purposes.
Date Introduced: 2026-05-20
Status: Introduced and Sponsored
A bill to prohibit money services businesses from engaging in any transaction that involves a central bank digital currency issued by the People's Republic of China, and for other purposes.
This bill proposes the creation of a voluntary "Mined in America Certification Program" under the Secretary of Commerce. Its aim is to encourage the replacement of cryptocurrency mining hardware sourced from foreign adversaries with compute infrastructure manufactured within the United States or allied nations. The legislation mandates the use of federal programs and authorities to promote this domestic and allied-sourced hardware, thereby strengthening the national supply chain for critical digital asset infrastructure.
This legislation amends the Internal Revenue Code to exempt de minimis gains or losses on small virtual currency transactions from gross income. Under the bill, personal transactions with a total value or gain/loss under $200 would not trigger tax reporting requirements, provided they are not exchanged for cash, business assets, or income-producing property. The $200 threshold is indexed for inflation starting after 2027.
This legislation prohibits federal agencies from providing financial assistance, bailouts, or emergency liquidity to digital asset market participants. The prohibition applies to digital asset intermediaries, service providers, distributed ledger protocols, decentralized finance (DeFi) trading protocols, and traditional financial institutions engaging in digital asset activities. Additionally, it explicitly bars these entities from accessing emergency liquidity facilities under the Federal Reserve Act and prevents the use of the Exchange Stabilization Fund for their benefit.
This legislation amends the Social Security Act to explicitly prohibit the Social Security Trust Funds from investing in digital assets or crypto-related vehicles. The ban covers direct cryptocurrency investments, digital asset futures, and stocks or bonds of public companies that derive significant value or revenue from digital asset holdings, trading, custody, or issuance.
Promoting Innovation in Blockchain Development Act
Date Introduced: 2026-02-26
Status: Introduced and Sponsored
This legislation amends the federal criminal statute governing unlicensed money transmitting businesses to require that an entity must actually exercise control over funds to face prosecution. By narrowing the definition of money transmission to custodial activities, the bill exempts non-custodial blockchain developers, self-custody wallet providers, node operators, and decentralized finance protocols from criminal liability for unlicensed money transmission, protecting fundamental software innovation.
This legislation amends the Internal Revenue Code to permit digital asset indexes as eligible investments within tax-advantaged Trump accounts. By expanding the list of qualifying investments to include diversified digital asset index funds, the bill aims to provide savers with regulated exposure to the cryptocurrency market. Additionally, it makes the associated contribution pilot program permanent, establishing a long-term pathway for retail investors to integrate digital assets into their tax-sheltered savings portfolios.
This legislation amends the GENIUS Act to establish financial reporting and auditing standards for large foreign payment stablecoin issuers. Specifically, foreign issuers with more than $50 billion in outstanding stablecoins must prepare annual financial statements according to GAAP. Additionally, they must engage a registered public accounting firm to perform an audit under Public Company Accounting Oversight Board (PCAOB) standards, aligning their oversight requirements with those of domestic stablecoin issuers.