Does Marsha Blackburn 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

Key Cloture VoteProcedural Action

Significance

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

Bill

Mined in America Certification Program

Details

This bill proposes the creation of a voluntary "Mined in America Certification Program" under the Secretary of Commerce. Its aim is to encourage the replacement of cryptocurrency mining hardware sourced from foreign adversaries with compute infrastructure manufactured within the United States or allied nations. The legislation mandates the use of federal programs and authorities to promote this domestic and allied-sourced hardware, thereby strengthening the national supply chain for critical digital asset infrastructure.

Bill

A bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets.

Details

This bill proposes several amendments to the Internal Revenue Code of 1986 to reform the tax treatment of digital assets. It defines digital assets, introduces a de minimis exemption for small gains from using crypto for purchases, and clarifies the tax treatment of digital asset lending, mining, and staking. The bill also extends wash sale rules to digital assets with an exception for stablecoins, and allows dealers and traders in digital assets to elect mark-to-market accounting. Additionally, it updates rules for charitable contributions of digital assets.

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

BITCOIN Act of 2025

Details

This bill proposes establishing a "Strategic Bitcoin Reserve" within the United States, mandating the Treasury Secretary to acquire 1,000,000 Bitcoins over five years. It directs the secure cold storage of these holdings, alongside Bitcoins obtained through forfeiture or gifts, in geographically dispersed facilities. The legislation also establishes transparency requirements, including public cryptographic attestations, and permits states to voluntarily store their Bitcoin holdings in segregated accounts within the Reserve. Funding mechanisms for the Bitcoin purchases include utilizing Federal Reserve System surplus funds and revaluing gold certificates.

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".

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.

Quoted from marshablackburn.com · 2024-07-01

Senator Marsha Blackburn has an option to donate to her campaign with crypto.

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 Senate