Does Ilhan Omar Support 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

Rep. Ilhan Omar

@Ilhan

This will put corporate crypto interests over the financial security of everyday Americans.

2025-07-17T20:24:56.000Z

Rep. Ilhan Omar

@Ilhan

The Crypto industry has spent tens of millions to buy influence and now we’re passing three bills crafted by and for the crypto industry. This is why we people feel like the rules are rigged and why we need to get big money out of politics.

2025-07-17T20:24:56.000Z

Rep. Ilhan Omar

@Ilhan

Crypto shouldn’t be a reckless playground for billionaires and politicians to enrich themselves at the expense of everyone else. We need strong, clear rules to protect the wallets, savings, and futures of the American people. It is another dark day in the People’s House.

2025-07-17T20:24:56.000Z

Rep. Ilhan Omar

@Ilhan

I voted NO on the three crypto bills. These bills are not about helping consumers or promoting innovation. They are about protecting the profits of crypto insiders and billionaires while gutting the guardrails that protect the livelihoods of working people. (Thread

)

2025-07-17T20:24:54.000Z

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

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

Voted against a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

Vote Type

Final Passage Out Of House

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