Does Bob Onder Support Crypto?

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.

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Final Passage Out Of House

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.

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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.

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".

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Final Passage Out Of House

Quoted from standwithcrypto.org · 2024-04-24

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

Quoted from themissouritimes.com · 2024-02-06

Bob Onder OpEd in The Missouri Times:

"Blockchain is decentralized; there’s no person or organization in charge. It is open source so when changes are made, the public can freely access and track them....First, cryptocurrencies allow people to choose a means of exchange outside traditional government-monopoly money."