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

US Senator from Indiana

Does Jim Banks Support Crypto?

Republican

8 votes · 3 sponsorships · 4 statements

Latest · Vote on CLARITY ActVery Pro-Crypto

Crypto grade

Very Pro-Crypto

Based on 15 stances

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

Document a missing stance

Full record

Took stances on a bill between and

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.

Timeline

Very Pro-Crypto

Voted for - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, CLARITY could not have gotten to a final vote without members voting in favor.

Very Pro-Crypto

Voted for - Vote advancing bill out of Senate Banking Committee (Final Passage Out Of Senate)

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Senator Jim Banks

@SenatorBanks

Proud to vote YES on the crypto market structure bill today. Washington shouldn’t be in the business of strangling American innovation. Clear rules, free markets, and U.S. leadership in digital assets. That’s a win.

Very Pro-CryptoAdd commentary

Senator Jim Banks

@SenatorBanks

Just voted for the crypto market structure bill. If we don’t write the rules for digital assets, China will. American innovation doesn’t wait for Washington to catch up.

Very Pro-CryptoAdd commentary

@Jim_Banks

Great to join @SenatorTimScott, @patrickjwitt, and @faryarshirzad at @club4growth talking about the importance of America’s leadership role in crypto. We need to get President Trump’s crypto agenda passed!

Very Pro-CryptoAdd commentary

Took stances on a bill between and

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.

Timeline

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Very Pro-Crypto

Voted for - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Very Pro-Crypto

Voted for - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Add commentary

Took stances on a bill between and

Bill: S.J. Res 3
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".

Timeline

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Very Pro-Crypto

Cosponsored

Add commentary

@Jim_Banks

Trump Is The Best Choice For #Bitcoin bitcoinmagazine.com/culture/trump-…

Very Pro-CryptoAdd commentary

Took stances on a bill between and

Bill: 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.

Timeline

Somewhat Pro-Crypto

Voted for - Final Passage Out Of House

Somewhat Pro-Crypto

Cosponsored

Add commentary

Took stances on a bill between and

Bill: FIT21
Details: This bill establishes a comprehensive regulatory framework for digital assets, assigning primary jurisdiction over "digital commodities" to the CFTC and "restricted digital assets" to the SEC. It defines key terms like "digital asset," "digital commodity," and "permitted payment stablecoin," and creates a mechanism for digital assets to transition from securities to commodities upon achieving sufficient decentralization. The legislation also outlines registration requirements for various digital asset intermediaries and mandates studies on decentralized finance and non-fungible digital assets.

Timeline

Very Pro-Crypto

Voted for - Final Passage Out Of House

Very Pro-Crypto

Cosponsored

Add commentary

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

US Senator from Indiana

Does Jim Banks Support Crypto?

Republican

8 votes · 3 sponsorships · 4 statements

Latest · Vote on CLARITY ActVery Pro-Crypto

Crypto grade

Very Pro-Crypto

Based on 15 stances

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

Document a missing stance

Full record

Took stances on a bill between and

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.

Timeline

Very Pro-Crypto

Voted for - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, CLARITY could not have gotten to a final vote without members voting in favor.

Very Pro-Crypto

Voted for - Vote advancing bill out of Senate Banking Committee (Final Passage Out Of Senate)

Add commentary

Senator Jim Banks

@SenatorBanks

Very Pro-CryptoAdd commentary

Senator Jim Banks

@SenatorBanks

Just voted for the crypto market structure bill. If we don’t write the rules for digital assets, China will. American innovation doesn’t wait for Washington to catch up.

Very Pro-CryptoAdd commentary

@Jim_Banks

Very Pro-CryptoAdd commentary

Took stances on a bill between and

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.

Timeline

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Very Pro-Crypto

Voted for - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Very Pro-Crypto

Voted for - Key Cloture Vote (Procedural Action)

Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

Add commentary

Took stances on a bill between and

Bill: S.J. Res 3
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".

Timeline

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Very Pro-Crypto

Cosponsored

Add commentary

@Jim_Banks

Trump Is The Best Choice For #Bitcoin bitcoinmagazine.com/culture/trump-…

Very Pro-CryptoAdd commentary

Took stances on a bill between and

Bill: 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.

Timeline

Somewhat Pro-Crypto

Voted for - Final Passage Out Of House

Somewhat Pro-Crypto

Cosponsored

Add commentary

Took stances on a bill between and

Bill: FIT21
Details: This bill establishes a comprehensive regulatory framework for digital assets, assigning primary jurisdiction over "digital commodities" to the CFTC and "restricted digital assets" to the SEC. It defines key terms like "digital asset," "digital commodity," and "permitted payment stablecoin," and creates a mechanism for digital assets to transition from securities to commodities upon achieving sufficient decentralization. The legislation also outlines registration requirements for various digital asset intermediaries and mandates studies on decentralized finance and non-fungible digital assets.

Timeline

Very Pro-Crypto

Voted for - Final Passage Out Of House

Very Pro-Crypto

Cosponsored

Add commentary