Does Lisa Blunt Rochester 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.

Bill

Consumer Safety Technology Act

Details

This bill directs the Consumer Product Safety Commission to establish an AI pilot program. More relevant to crypto, it mandates a study by the Secretary of Commerce on blockchain technology's potential for consumer protection, including fraud prevention and potential regulatory modifications. Additionally, it requires the Federal Trade Commission to report on unfair or deceptive practices related to tokens, defined broadly as transferable digital representations on distributed ledger technology, while acknowledging their innovative nature.

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.

Bill

Deploying American Blockchains Act of 2025

Details

This bill directs the Secretary of Commerce to serve as a primary advisor to the President on policies related to the deployment, use, application, and competitiveness of blockchain technology, tokens, and tokenization. It mandates the establishment of a National Blockchain Deployment Advisory Committee, comprising government and private sector experts, to study and make recommendations. The bill also requires the Secretary to facilitate the development of best practices and foster open-source infrastructure for these technologies, without imposing mandatory compliance on private entities.

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".

Vote

Final Passage Out Of Senate

Bill

Promoting Resilient Supply Chains Act of 2025

Details

This bill establishes new responsibilities for the Assistant Secretary of Commerce for Industry and Analysis to improve the resilience of critical supply chains. It mandates the creation of a working group to identify vulnerabilities, promote domestic manufacturing, and leverage emerging technologies for this purpose. Specifically, the bill identifies "blockchain and other distributed ledger, data storage, data management, and cybersecurity technologies" as critical emerging technologies, and methods for authentication and traceability of critical goods.

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.

Vote

Final Passage Out Of House

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.

Vote

Final Passage Out Of House

Bill

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

Final Passage Out Of House

Quoted from lisabluntrochester.com · 2024-02-01

Lisa Blunt Rochester's campaign issues page includes a section dedicated to: Innovation and Emerging Technology:

"America has been at the forefront of technological change. As a co-creator of the bipartisan Future of Work Caucus, Lisa recognized we were unable to keep up with rapidly developing technologies like generative AI or blockchain technologies.

These emerging fields bring fantastic opportunities for small businesses and the economy but without proper guidelines, harm Americans. Lisa has always adopted an approach that allows American innovation to flourish, protects consumers, workers, and businesses, and makes clear what the rules are."

Quoted from bucshon.house.gov · 2023-12-05

This week, U.S. Representatives Larry Bucshon, M.D. (R-IN-08) and Lisa Blunt Rochester (D-DE) introduced the Promoting Resilient Supply Chains Act and the Deploying American Blockchains Act. Both pieces of legislation are critical to ensure the United States can better identify risks within our supply chains and remain competitive with emerging technologies. In a bipartisan manner, Dr. Bucshon and Rep. Blunt Rochester will continue advocating for common-sense solutions to foster a strong U.S. economy. Dr. Bucshon and Rep. Blunt Rochester along with a key stakeholders released the statements below: