Does Julie Johnson Support Crypto?

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

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

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

Quoted from juliejohnson.com · 2024-03-01

Julie Johnson's website has a dedicated section under the Issues page focused on innovation, with a particular focus on blockchain technology: "Blockchain technology and its applications are ushering in the next generation of the internet, allowing Americans to own their data, create wealth, and be stakeholders in the digital spaces of the future. Americans can benefit from crypto innovation. We must establish clear rules of the road for the crypto industry to build technology that benefits everyday Americans, while protecting consumers and ensuring equitable outcomes for all. While recognizing the potential of blockchain technology, we must also address concerns. The status quo in crypto and digital assets is unworkable. Securities laws from 1933 are not fit for purpose to regulate 21st century technologies..."

Quoted from standwithcrypto.org · 2024-02-22

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