Does Brian Fitzpatrick Support Crypto?

Bill

Digital Asset Tax Certainty Act

Details

This legislation would comprehensively reform the tax treatment of digital assets under the Internal Revenue Code. Key provisions include exempting de minimis digital asset fees under ten dollars from capital gains tax, eliminating tax realization events for U.S. dollar stablecoins fluctuating near their peg, and offering simplified accounting for widely traded digital assets. The bill also establishes tax parity between digital assets and traditional financial instruments regarding lending and dealer mark-to-market elections, clarifies that mining and staking rewards constitute ordinary income, and mandates a Treasury study on using blockchain technology for tax compliance.

Vote

Vote advancing bill out of House of Reps Ways and Means CommitteeFinal Passage Out Of House Committee

Bill

Stop Crypto ATM Scams Act

Details

This legislation amends the Bank Secrecy Act to establish a regulatory framework for digital asset kiosk operators. It mandates physical location registration with the Treasury Department every 90 days, public listing of these locations, and compliance with anti-money laundering and anti-fraud protocols. The bill also enforces specific transaction limits for new and existing customers, requires standardized customer disclosures and receipts, and introduces customer refund requirements for transactions induced by third-party fraud.

Quoted from standwithcrypto.org · 2026-02-23

Brian Fitzpatrick completed the Stand With Crypto Questionnaire and indicated support for clear legislative frameworks, aiming to provide accessible pathways for digital asset businesses and define when an asset is a security or a commodity. He advocates for consumer rights, including the ability to self-custody digital assets and widely access 1:1 backed stablecoins, while also supporting policies that promote blockchain innovation and prevent the de-banking of lawful crypto users.

Bill

Dark Web Interdiction Act of 2025

Details

This bill aims to combat opioid distribution via the dark web by making it unlawful to deliver or aid in the delivery of controlled substances through such channels. It establishes a Joint Criminal Opioid and Darknet Enforcement Task Force within the FBI to disrupt illicit marketplaces and mandates a report on the use of virtual currencies in financing these illegal activities. The report will analyze how virtual currencies are used, exchanged, and recommend further legislative actions to identify individuals involved.

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

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

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

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.

Vote

Final Passage Out Of House

Bill

FIT21

Details

This bill establishes a comprehensive regulatory framework for digital assets, assigning primary jurisdiction over "digital commodities" to the CFTC and "restricted digital assets" to the SEC. It defines key terms like "digital asset," "digital commodity," and "permitted payment stablecoin," and creates a mechanism for digital assets to transition from securities to commodities upon achieving sufficient decentralization. The legislation also outlines registration requirements for various digital asset intermediaries and mandates studies on decentralized finance and non-fungible digital assets.

Vote

Final Passage Out Of House

Bill

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.

Vote

Final Passage Out Of House