Based on previous comments, Kathy Castor has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Kathy Castor has made about crypto.
This legislation amends the Clean Air Act to mandate detailed energy consumption reporting and establish strict greenhouse gas emissions standards for large data centers and cryptocurrency mining facilities. Under the proposed framework, facilities with more than 100 kilowatts of capacity must report energy usage and power sources annually. It introduces regional carbon emissions baselines that decline by 11% annually, reaching zero by 2035, and imposes significant financial fees on electric utilities and facilities that exceed these limits.
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.
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.
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".
This bill, known as the Consumer Safety Technology Act, includes provisions to study blockchain technology and tokens. Specifically, it directs the Secretary of Commerce to study blockchain's potential uses for consumer protection, including fraud prevention, and to identify regulatory modifications that could encourage its adoption. It also mandates the Federal Trade Commission to report on unfair or deceptive practices related to tokens, defined as transferable digital representations on a blockchain, and recommend legislation to enhance consumer protection in this area. The bill acknowledges that tokens and blockchain drive innovation and consumer choice.
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.
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.
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.