Does Jake Auchincloss Support Crypto?

Jake Auchincloss

@RepAuchincloss

RT @jchervinsky: CBDCs are controversial, but we should all agree that the Fed and Treasury can't issue one without explicit authorization…

2023-05-18T14:20:59.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

RT @BitcoinMagazine: JUST IN: 8 U.S. Congressmen sent SEC Chair Gensler a bipartisan letter regarding the SEC's #bitcoin & crypto reporting…

2022-03-16T18:59:30.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

RT @ppi: ICYMI

Yesterday, @RepAuchincloss joined PPI and an esteemed panel of business leaders for a dynamic conversation about cryptocur…

2022-02-18T22:41:01.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

RT @ppi: As the federal government continues to debate how to regulate cryptocurrency, PPI is bringing together business leaders for a roun…

2022-02-15T21:29:27.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

3. Geo-economic. The USD must persist as the global reserve currency. That may not require a CBDC. Thoughtful research & regulation of fintech, sound monetary policy, rule of law, strong capital markets, a growing economy – these are the critical drivers of USD reserve status.

2022-02-09T18:29:25.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

1. Prudential risk, in the form of run risk and payment-system risk. Registration, audit, and disclosure requirements for stablecoin issuers & custodians are the clear and present next steps.

2022-02-09T18:29:24.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

2. Systemic risk. The FSOC should continue to monitor and report on systemic risk from stablecoins, given how fast the industry is growing, but right now it’s modest and does not justify red tape that could lead to regulatory capture of crypto by banks.

2022-02-09T18:29:24.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

The @FSCDems hearing yesterday on stablecoins crystallized three domains of risk that lawmakers must address: 1. Prudential risk 2. Systemic risk 3. Geo-economic

below

https://t.co/h3mTYwHbN8

2022-02-09T18:29:23.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

Happening now! Join me on @YahooFinance to talk about stablecoins: finance.yahoo.com/video/yahoo-fi… pic.twitter.com/DfhzGK0Rk0

2022-02-09T17:32:06.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

This primary crypto regulator should be tech & market-structure neutral, and eventually fulfill 3 mandates: 1. Compel disclosure and transparency 2. Prevent fraud & abuse 3. Promote the efficiency and resilience of the market

2021-12-09T22:13:01.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

The best thing Congress can do to promote Web3 is to designate a primary regulator to audit stablecoins. Thread

https://t.co/FJiGr3IZaO

2021-12-09T22:13:00.000Z · via Twitter

Jake Auchincloss

@RepAuchincloss

As we build back better, we must ensure appropriate taxation and regulation of the #cryptocurrency industry. twitter.com/RepDarrenSoto/…

2021-11-17T15:39:52.000Z · via Twitter