Does David Scott Support Crypto?

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

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Very Anti-Crypto

Voted against a bill on Jul 17th, 2025
Bill Name
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 Type
Final Passage Out Of House
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Very Anti-Crypto

Voted against a bill on Jul 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.
Vote Type
Final Passage Out Of House
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Very Anti-Crypto

Quoted from cointelegraph.com on Jun 11th, 2025

“The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote.

House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote…”

David Scott was one of the representatives who voted against advancing this pro-crypto legislation.

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Very Anti-Crypto

Quoted from www.coindesk.com on Jun 10th, 2025

"The House Agriculture Committee sent a major bipartisan message with a 47-6 advancement of the U.S. crypto market structure bill on Tuesday, marking the first of several expected developments in the advancement of digital assets legislation expected this week."

David Scott was one of the representatives who voted against advancing this pro-crypto legislation.

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Very Anti-Crypto

X profile picture of @repdavidscott
Rep. David Scott
@repdavidscott
At today’s @USHouseFSC hearing, I raised concerns about the CLARITY Act. Crypto firms must meet SEC-level standards, not bypass oversight. With a history of misconduct and collapse, we must prioritize fairness, accountability, and investor protection.
tweet image
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Somewhat Anti-Crypto

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Rep. David Scott
@repdavidscott
The STABLE Act fails to establish clear refund/insurance rules, exposing consumers to losses w/o real avenues of redress. It also fails to provide recourse for mismanagement & fraud. If stablecoin issuers become insolvent or misuse reserves, what protections do you get? Not many.
tweet image
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Very Anti-Crypto

Voted against a bill on Mar 11th, 2025
Bill Name
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 Type
Final Passage Out Of House
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Somewhat Anti-Crypto

Voted against a bill on May 23rd, 2024
Bill Name
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 Type
Final Passage Out Of House
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Very Anti-Crypto

Voted against a bill on May 8th, 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 House
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Very Anti-Crypto

Quoted from docs.house.gov on Jul 26th, 2023

Representative David Scott voted against advancing H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, out of the House Financial Services Committee. The recorded vote showed 35 ayes to 15 nays.

H.R. 4763, the Financial Innovation and Technology for the 21st Century Act is a comprehensive market structure bill that would protect consumers, ensure crypto companies have robust rules, and create clarity for job creators and blockchain builders.

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