Does Addison Mcdowell Support Crypto?

Bill

American Reserve Modernization Act of 2026

Details

This legislation establishes a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Department of the Treasury to manage the federal government's digital holdings. It mandates a minimum 20-year holding period for acquired Bitcoin, implements a cryptographic 'Proof of Reserve' system for public audits, permits voluntary state-level custody partnerships, and requires a study on budget-neutral acquisition strategies such as converting other seized digital assets or revaluing Federal Reserve gold certificates.

Bill

CLARITY Act

Details

The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.

Vote

Final Passage Out Of House

Bill

GENIUS Act

Details

The GENIUS Act of 2025 proposes a regulatory framework for payment stablecoins. It defines permitted issuers (insured depository institutions, their subsidiaries, and approved nonbank entities) and mandates 1:1 reserve backing with specific high-quality assets. The bill outlines federal and state regulatory oversight options, sets requirements for customer asset segregation, and grants stablecoin holders priority in insolvency proceedings. It also clarifies that regulated payment stablecoins are not considered securities or commodities under various acts. The bill designates issuers as financial institutions under the Bank Secrecy Act, requiring compliance with AML, KYC, and sanctions regulations to prevent illicit finance and safeguard national security. It also reinforces U.S. leadership in digital finance by supporting innovation and ensuring the dollar remains competitive in a rapidly evolving global financial landscape.

Vote

Final Passage Out Of House

Bill

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".

Vote

Final Passage Out Of House

Bill

BITCOIN Act of 2025

Details

This bill proposes the establishment of a Strategic Bitcoin Reserve, requiring the U.S. government to acquire 1,000,000 Bitcoins over five years and manage them in secure cold storage with transparent proof-of-reserve attestations. It outlines a mechanism to fund these purchases using resources from the Federal Reserve System and directs all federal agencies to transfer forfeited Bitcoin to this reserve. The bill also includes provisions for states to voluntarily store their Bitcoin holdings and explicitly protects private property rights, including self-custody, of Bitcoin for individuals.

Quoted from mcdowellfornc.com · 2024-03-24

Addison Mcdowell's campaign website highlights a specific focus on the issues page, Stand With Crypto Section:

"We must encourage innovation here in the United States. Unfortunately, the lack of regulatory clarity when it comes to digital assets risks forcing this new and promising technology overseas. Addison believes the United States should be a leader in creating a forward-looking, pro-innovation crypto policy. This means avoiding burdensome government regulation and opposing efforts to create central bank digital currencies (CBDCs)."