DoTheySupportIt grades politicians on crypto from how they vote and what they say. How it works

US Congressperson in the 2nd district of Kansas

Does Derek Schmidt Support Crypto?

Republican

3 votes · 2 statements

Latest · Post on X from @RepDerekSchmidtNeutral on Crypto

Crypto grade

Very Pro-Crypto

Based on 5 stances

Based on previous comments, Derek Schmidt has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Derek Schmidt has made about crypto.

Document a stance

Full record

Rep. Derek Schmidt Press

@RepDerekSchmidt

The House passed the GUARD Act, bipartisan legislation to protect older Americans from financial fraud and scams. I was proud to cosponsor this bill, which gives state, local, and Tribal law enforcement more tools to investigate fraud - including sophisticated cryptocurrency scams targeting seniors. Our seniors earned their savings. We must do everything we can to protect them.

Neutral on CryptoAdd commentary

Voted for a bill on

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

Very Pro-CryptoAdd commentary

Voted for a bill on

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

Very Pro-CryptoAdd commentary

Voted for a bill on

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

Very Pro-CryptoAdd commentary

Quoted from standwithcrypto.org

Derek Schmidt completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. He emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Derek Schmidt supports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.

Somewhat Pro-CryptoAdd commentary

DoTheySupportIt grades politicians on crypto from how they vote and what they say. How it works

US Congressperson in the 2nd district of Kansas

Does Derek Schmidt Support Crypto?

Republican

3 votes · 2 statements

Latest · Post on X from @RepDerekSchmidtNeutral on Crypto

Crypto grade

Very Pro-Crypto

Based on 5 stances

Based on previous comments, Derek Schmidt has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Derek Schmidt has made about crypto.

Document a stance

Full record

Rep. Derek Schmidt Press

@RepDerekSchmidt

Neutral on CryptoAdd commentary

Voted for a bill on

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

Very Pro-CryptoAdd commentary

Voted for a bill on

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

Very Pro-CryptoAdd commentary

Voted for a bill on

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

Very Pro-CryptoAdd commentary

Quoted from standwithcrypto.org

Derek Schmidt completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. He emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Derek Schmidt supports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.

Somewhat Pro-CryptoAdd commentary