Does Craig Goldman 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.

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

Quoted from craiggoldman.org · 2024-10-15

Craig Goldman's campaign website highlights a specific focus within the "Less Regulation: More Jobs, Prosperity, and a Strong Economy": As a small businessman who has paid taxes and met a payroll, I am a firm believer that government regulation must be kept at bay so we don’t crush job creators.   In Congress, I will continue to support pro-growth, low tax policies that have made the Texas economy the strongest in the nation.  The hard work of taxpaying citizens and entrepreneurs in the private sector is the engine of our economic growth, not central planners in Washington, D.C.  As an example, the new digital economy, including Cryptocurrency, holds great promise and potential to create another wave of jobs, technological innovation and economic opportunity.  While we must protect citizens from unsavory operators, government shouldn’t limit the financial transactions of citizens or imperil their privacy under any regulatory framework.  My voting record in the Texas House underscore my fundamental philosophy that free markets work best, where we seek to unleash the creativity and genius of our citizens to create new products and services for consumers, thus improving the standard of living for everyone.