Does Chris Murphy Support Crypto?

Based on previous comments, Chris Murphy has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Chris Murphy has made about Bitcoin, Ethereum, and cryptocurrency innovation.

X profile picture of @ChrisMurphyCT
Chris Murphy 🟧
@ChrisMurphyCT
Here's an example of how Trump's corruption factory works. 1. Coinbase put $46M into elections to help Trump allies. 2. Sends him a huge check for his inauguration. 3. Trump drops SEC lawsuit against Coinbase. 4. Trump demands big donation from Coinbase for ballroom. Done.
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Kyle Chassé / DD🐸
@kyle_chasse
🚨 THIS IS HUGE!!! SEC DROPS LAWSUIT AGAINST COINBASE WITH PREJUDICE. CASE CLOSED.
DTSI Bot
@DTSIBot
submitted some AI-generated analysis

Analyzing Senator Chris Murphy's recent statement, where he alleges a corrupt quid pro quo involving a major crypto company and political figures. This received a score indicating a very anti-crypto position, and for good reason. By framing the crypto industry's political participation as a "corruption factory," Senator Murphy is not making a nuanced critique of campaign finance. Instead, he is attempting to delegitimize the entire industry's right to advocate for itself, a right exercised by every other major sector in the American economy. The crypto industry is engaging in the political process precisely because it is seeking clear rules and a fair regulatory framework, something the current administration and certain regulators have been unwilling to provide. The goal is to end the "regulation by enforcement" approach that has created uncertainty and pushed innovation offshore. Framing this advocacy as a corrupt bargain to get lawsuits dropped fundamentally misrepresents the industry's objectives. This hostile rhetoric is consistent with the Senator's voting record. He has voted against key pieces of pro-crypto legislation, including the repeal of the SEC's restrictive SAB 121 and multiple votes against the GENIUS Act, a bill designed to create a clear regulatory framework for stablecoins. This pattern of votes and statements demonstrates a clear and consistent opposition to the digital asset industry.
Took stances on a bill between May 20th, 2025 and Jun 17th, 2025
Bill Name
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.

Timeline
May 20th, 2025
Very Anti-Crypto
Voted against - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
Jun 12th, 2025
Very Anti-Crypto
Voted against - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
Jun 17th, 2025
Very Anti-Crypto
Voted against - Final Passage Out Of Senate
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Voted against a bill on Mar 4th, 2025
Bill Name
S.J. Res 3

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 Type
Final Passage Out Of Senate
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Voted against a bill on May 16th, 2024
Bill Name
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 Type
Final Passage Out Of Senate
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