Sheila Cherfilus-McCormick completed the Stand With Crypto Questionnaire and strongly advocates for comprehensive legislation that provides clear regulatory frameworks for digital assets, defines when an asset is a security or commodity, and updates market structure laws. She supports the right to self-custody digital assets, ending the de-banking of lawful crypto users, and believes the federal government should foster responsible blockchain innovation by encouraging research and exploring the technology for improved transparency and efficiency.

Henry Cuellar completed the Stand With Crypto Questionnaire and indicated strong support for developing a clear, predictable federal regulatory framework for digital assets. He advocates for legislation that defines digital assets as securities or commodities, provides clear pathways for businesses, and protects the right to self-custody, while also supporting an end to de-banking practices for lawful crypto users. Cuellar has co-sponsored and voted for various bills, including the FIT21 Act, reflecting these positions.

"The competition and merchant banking provisions in Sections 601, 604, and 801 would add new stress points by accelerating bank-fintech/crypto arrangements, and making it easier to rubber stamp mergers and concentration--while expanding merchant banking des that blur the line between banking and" [H4729]