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 crypto.

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Chris Murphy 🟧
@ChrisMurphyCT
Here's what the big tech companies have already committed to spend this fall to purge from Congress those who want to restrain them. Crypto - $190M AI - $100M Meta - $70M Huge numbers. Fundamentally corrupt. We shouldn't accept this.
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Chris Murphy 🟧
@ChrisMurphyCT
Trump's crypto corruption is stunning. He's making millions off an industry he regulates - and he's just stopped enforcing the law so he and the other big companies can get away with murder. Crypto enforcement actions: Trump's first term: 50 Biden: 105 Trump's second term: 0
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Chris Murphy 🟧
@ChrisMurphyCT
I didn’t say you don’t give to Democrats. And I’ve never said I “hate” your industry. Don’t invent arguments I didn’t make. It’s amateur. The crypto industry has made extraordinary investments in Trump politically and personally - investments that are literally unprecedented in he’s dropped lawsuits and handed out pardons in return. I know it’s your job to argue this isn’t pay to play, but if this isn’t, what is? You think the Binance deal (help launch his crypto coin and get a pardon for terrorism and sex predator financing) is on the up and up? I don’t need to hate your industry to think this all stinks.
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Faryar Shirzad 🛡️
@faryarshirzad
Senator @chrismurphyCT. This is ridiculous. Here are the facts: - Fairshake is non-partisan superpac. Ask your staff to look up the public disclosures and you'll see that FS supported multiple Democrats, including 3 of your new Senate D colleagues. - Presidential Inaugural Committees for decades - from Obama to Biden to Trump and before - have been supported by public donations. Perhaps you've been outraged by corporate support in the past, but I doubt it. - @coinbase is proud to have supported the building of a new ballroom through the Trust for the National Mall, a 501c3 partner of the National Park Service. Corporations from all industries donated as well. Note that we're not the general contractor, so we're not the right target if you're unhappy about how the project is proceeding. - The SEC lawsuits against Coinbase and dozens of other companies were part of a grotesque pattern of bullying and abuse of power by the previous chair. No SEC in history has had more cases thrown out on the grounds that its actions were "arbitrary and capricious, and an abuse of power." The current SEC's decision to drop the case was the right decision on the merits. It may be that you just don't like our industry. That's unfortunate given that we're working hard to help ensure that the US financial system is on the front-edge of innovation. There have been almost 100 separate announcements of new innovative stablecoin projects - including from the biggest financial institutions - since the GENIUS Act passed over your objections. This type of innovation is critical to the dynamism of our financial system and economy. We'd love to tell you more and, in particular, how market structure is the critical next step in helping update our financial system.
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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.
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Chris Murphy 🟧
@ChrisMurphyCT
The White House is a 24/7 pay-to-play enterprise. The latest? Trump is pardoning Changpeng Zhao, who built a company that allowed terrorists and sex predators to launder money. Why? Because Zhao made a huge investment in Trump's corrupt crypto business. Pay-to-play.
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Chris Murphy 🟧
@ChrisMurphyCT
It’s a terrible bill that basically endorses Trump’s massive crypto corruption scheme. Democrats will regret voting for it.
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More Perfect Union
@MorePerfectUS
Three House Democrats backed by millions from the crypto industry are urging other Dems to support a Republican-led bill to deregulate crypto. Josh Gottheimer, Ritchie Torres, and Don Davis are asking Dems to vote for this bad crypto bill. substack.perfectunion.us/p/after-receiv…
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Took stances on a bill between and
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
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.
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.
Very Anti-Crypto
Voted against - Final Passage Out Of Senate
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Chris Murphy 🟧
@ChrisMurphyCT
The Senate cannot stand by while Donald Trump turns our nation's foreign policy into a machine to enrich himself. That's why I'm forcing a vote to stop selling arms to nations that are willing to pay off Trump with luxury planes or investments in his crypto scams.
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Chris Murphy 🟧
@ChrisMurphyCT
I think stopping Donald Trump’s corruption and assault on democracy should be our number one priority. We shouldn’t pass a bill regulating crypto that allows Donald’s Trump use of meme and stable coin to enrich himself and corrupt our foreign policy.
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Chris Murphy reposted the post below
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Elizabeth Warren
@SenWarren
Americans didn’t send us to Congress to help Trump turn the White House into a crypto cash machine. We can't look the other way when the President hosts a private dinner for his top meme coin buyers—or pass crypto bills like the GENIUS Act that would further line his pockets.
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Chris Murphy 🟧
@ChrisMurphyCT
The GENIUS Act exempts President Trump from the ethics laws on stablecoin. It allows him to continue his corruption. Some of the Democrats who voted to advance the bill tonight want this changed before the final vote. So there is still time to fix this - if we speak up.
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CoinDesk
@CoinDesk
BREAKING: The U.S. Senate voted 66-32 to advance its landmark stablecoin legislation, the GENIUS Act. @nikhileshde reports trib.al/m7nvYzb
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Chris Murphy 🟧
@ChrisMurphyCT
The Senate should not vote for any stablecoin legislation that allows Trump to continue this corruption.
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Tiffany Muller
@Tiffany_Muller
Trump corruption just reached new heights after a United Arab Emirates government-backed firm announced a $2 BILLION business deal using the president's stablecoin. I wouldn't expect anything less from the most corrupt administration in history.
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Chris Murphy reposted the post below
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Elizabeth Warren
@SenWarren
The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with the United Arab Emirates—a foreign government that will give them a crazy amount of money. The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption.
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Chris Murphy 🟧
@ChrisMurphyCT
Good morning. Today is the 80th day that the U.S. President is running a backdoor bribery scheme in which any CEO or foreign oligarch can send him money secretly through his crypto coin scam in exchange for favors. It's the biggest scandal in the history of the Presidency.
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Voted against a bill on
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
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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