Does Mike Flood Support Crypto?

Mike Flood

@USRepMikeFlood

Banks have long been America’s most trusted custodians, and regulators should work with them so they can provide the same services for digital assets that they have to other asset classes through the years.

2024-07-11T16:15:11.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @DigitalChamber: To truly advance #crypto, we must collaborate through a bipartisan approach. Meaningful connections drive real change.…

2024-06-13T15:26:32.000Z · via Twitter

Mike Flood

@USRepMikeFlood

I will continue to work with my colleagues to find ways to end SAB 121 and push back on Chair Gensler’s anti-crypto agenda.

2024-06-01T00:19:37.000Z · via Twitter

Mike Flood

@USRepMikeFlood

While President Biden’s veto is disappointing, it isn’t the last word on SAB 121. Digital assets and cryptocurrency are here to stay and are a critical part of America’s financial future. whitehouse.gov/briefing-room/…

2024-06-01T00:19:36.000Z · via Twitter

Mike Flood

@USRepMikeFlood

2024-06-01T00:19:36.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @FinancialCmte: #WATCH: @USRepMikeFlood on the potential for a U.S. CBDC to be politically weaponized: "Once a CBDC is built, even if i…

2024-05-23T18:03:45.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Imagine the politician you dislike the most with the power to monitor, restrict or even halt the financial transactions of their political opponents. It’s a horrifying thought, and it cuts to the core of why we need to reject a retail CBDC in this country. pic.twitter.com/KuxBTZvURe

2024-05-23T16:37:02.000Z · via Twitter

Voted for a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

Mike Flood

@USRepMikeFlood

This is a landmark result for digital asset regulation. Both the House and Senate – including Majority Leader Schumer in the Senate – have delivered a clear, bipartisan message to the @SECGov that SAB 121 needs to go. x.com/SenateCloakroo…

2024-05-16T16:50:23.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @Blockworks_: OPINION: It's time to overturn SAB 121. Whether you love or hate crypto, digital assets are here to stay. https://t.co/Xz…

2024-05-15T21:20:59.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Great conversation with Congressman @WarrenDavidson and @SenTedBuddNC at the DC Blockchain Policy Summit on SAB 121 and digital assets. pic.twitter.com/bX9Nhyb6zG

2024-05-15T15:43:37.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Visited with NTD about the passage of my SAB 121 repeal this week, and what it means for the future of digital assets and @SECgov. Watch here

https://t.co/tKH9sM1OFG

2024-05-10T18:02:44.000Z · via Twitter

Mike Flood

@USRepMikeFlood

It set a disturbing precedent and is not the appropriate vehicle to promulgate accounting guidance for digital asset custodians. I appreciate the broad support of my colleagues in the House for H.J. Res. 109 and urge the Senate to take action to deliver a full repeal of SAB 121.

2024-05-08T22:05:54.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Looking forward to joining the DC Blockchain Summit on May 15, 2024 to talk about the future of crypto, blockchain, and more! Details here: digitalchamber.org pic.twitter.com/pvhPb1UXQe

2024-03-26T19:53:03.000Z · via Twitter

Mike Flood

@USRepMikeFlood

.@SECGov has virtually locked out the most regulated institutions from serving as custodians for digital assets. It’s time to roll back SAB 121 and to stop @GaryGensler’s overreach. pic.twitter.com/n3xWRhPMWq

2024-02-29T16:23:08.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @PatrickMcHenry: There is bipartisan agreement SAB 121 undermines consumer protection and leaves customers' digital assets vulnerable.…

2024-02-01T22:15:30.000Z · via Twitter

pic.twitter.com/jTQDdbMm3I

Mike Flood

@USRepMikeFlood

Chair @GaryGensler’s SAB 121 has virtually blocked banks from serving as custodians of digital assets. Today, @RepWileyNickel, @SenLummis, and I introduced resolutions to repeal @SECGov's terrible bulletin. SAB 121’s days are numbered – it’s time for it to go!

2024-02-01T20:13:59.000Z · via Twitter

Sponsored a bill on Sep 27th, 2023

Bill Name

Uniform Treatment of Custodial Assets Act

Details

To prohibit certain Federal agencies from requiring certain institutions to include assets held in custody as a liability, and for other purposes.

Mike Flood

@USRepMikeFlood

Market participants have relied on @GaryGensler's statements and have filed applications for a regulated spot bitcoin ETP. There is no reason to continue to deny such applications under inconsistent and discriminatory standards. Full letter and release >>>… twitter.com/i/web/status/1… pic.twitter.com/fsfDvMlubG

2023-09-26T22:34:01.000Z · via Twitter

Mike Flood

@USRepMikeFlood

"If we use a federal CBDC, the Federal Reserve would be at the center of every American transaction […] That’s an enormous amount of power, and that power would put tremendous political power on the Federal Reserve." This is why we need @GOPMajorityWhip’s bill to ban the… twitter.com/i/web/status/1… pic.twitter.com/U1yEKG3Awj

2023-09-21T14:30:44.000Z · via Twitter

Mike Flood

@USRepMikeFlood

In a digital age, cryptocurrency represents new economic opportunities for America – but it’s critical for private sector innovators to take the lead. The American dollar has long been a symbol of prosperity and freedom, and our digital currencies should be the same. twitter.com/GOPMajorityWhi…

2023-09-12T20:44:31.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @GOPMajorityWhip:

Today, with 49 of my Republican colleagues, I reintroduced the CBDC Anti-Surveillance State Act

https://t.co/mbke95…

2023-09-12T20:43:24.000Z · via Twitter

Somewhat Pro-Crypto

Cosponsored a bill on Sep 12th, 2023

Bill Name

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.

Mike Flood

@USRepMikeFlood

RT @FinancialCmte: The U.S. needs a clear regulatory framework to harness the promise of payment stablecoins and ensure consumer protection…

2023-09-05T19:29:26.000Z · via Twitter

Mike Flood

@USRepMikeFlood

"Flyover Fintech featured a day of speakers — ranging from members of the House Financial Services Committee to leading voices in fintech — discussing the current and future states of regulation over cryptocurrency and other digital assets." siliconprairienews.com/2023/08/five-t…

2023-08-10T19:01:02.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Welcoming almost 250 people from across the country to my first Flyover Fintech conference to talk about the future of financial services, crypto, and digital assets — looking forward to robust discussions! pic.twitter.com/StTXYYP3Xl

2023-08-02T15:00:33.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @blockchaintpsht: Brian Quintenz, former CFTC Commissioner now @a16zcrypto discussing digital assets with @USRepMikeFlood. @RepFrenchHil…

2023-08-02T14:56:06.000Z · via Twitter

Mike Flood

@USRepMikeFlood

"There’s no reason for a state-chartered bank in Nebraska that issues Stablecoins to be regulated directly by the Federal Reserve when the Nebraska Department of Banking is equipped to do the job." norfolkneradio.com/news/flood-hig…

2023-07-24T19:19:34.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @WarrenDavidson: 100% Powerful message from @USRepMikeFlood. #ICYMI Next week @FinancialCmte will markup a Digital Asset Market Struct…

2023-07-21T03:43:51.000Z · via Twitter

Mike Flood

@USRepMikeFlood

This panel features a variety of broker dealers and exchanges who engage on the retail side of digital asset investing. I encourage anyone who is interested in joining the conversation to reserve their spot and register for Flyover Fintech.

2023-07-14T19:31:59.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Establishing a regulatory framework for cryptocurrency that promotes private sector innovation has been a hot topic in Washington recently. I'm excited to announce that Flyover Fintech will feature a panel titled “How a Lack of Clarity Affects Digital Asset Retail Investing." pic.twitter.com/yCwhHWumH3

2023-07-14T19:31:58.000Z · via Twitter

Mike Flood

@USRepMikeFlood

We must pass a digital assets framework that provides meaningful regulatory clarity, fosters innovation, and protects American investors.

2023-07-14T01:34:13.000Z · via Twitter

Mike Flood

@USRepMikeFlood

This decision is an enormous victory for the future of digital assets in the United States and American innovation. Now that Chair Gensler’s spurious legal argument on XRP has been discredited, it is time for Congress to act where the SEC and Chair Gensler have failed. twitter.com/Ripple/status/…

2023-07-14T01:34:12.000Z · via Twitter

Mike Flood

@USRepMikeFlood

This panel will explore the future of Web 3, NFTs, and Decentralized Finance. I encourage anyone who is interested in joining the conversation to reserve their spot and register for Flyover Fintech.

2023-07-11T21:31:10.000Z · via Twitter

Mike Flood

@USRepMikeFlood

Our country’s dual-banking system has promoted innovation – innovation that should be encouraged in the area of crypto. I'm excited to announce that Flyover Fintech will feature a panel titled “Clarity and Custody: Why the Lack of Clarity for Custodians Stifles Innovation.” pic.twitter.com/O2n6IThPUQ

2023-07-11T21:31:09.000Z · via Twitter

pic.twitter.com/hWO6RdYc81

Mike Flood

@USRepMikeFlood

ICYMI: How can a broker-dealer register if they don’t know which assets are a security and which are not? America needs a digital assets framework. Watch my exchange during Tuesday’s hearing.

2023-06-14T20:23:27.000Z · via Twitter

Mike Flood

@USRepMikeFlood

The conference will welcome industry leaders and public officials from across the country to Lincoln to talk about the future of fintech, digital assets, and our global economy.

2023-06-14T15:48:14.000Z · via Twitter

pic.twitter.com/ndAvXmYG33

Mike Flood

@USRepMikeFlood

States are the laboratories where public policy is developed and refined in our democratic republic — and digital assets should be no different. Watch my comments from today’s hearing

2023-05-18T20:29:19.000Z · via Twitter

pic.twitter.com/yx4NTgHcja

Mike Flood

@USRepMikeFlood

WATCH: How Congress addresses the future of digital assets will impact the ability of Americans to participate in our economy here and around the world. Q&A from today's @FinancialCmte hearing

2023-05-10T16:52:00.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @WarrenDavidson: The Biden administration’s Council of Economic Advisors has flip-flopped on how they intend to handle digital assets.…

2023-05-03T20:42:38.000Z · via Twitter

pic.twitter.com/gKISOqd4eI

Mike Flood

@USRepMikeFlood

Digital assets are at the heart of our digital economy’s future, but the Biden’s Administration’s response is driving innovators out of America and into the hands of international competitors. Read my letter with Rep. @WarrenDavidson

2023-05-03T16:43:55.000Z · via Twitter

Mike Flood

@USRepMikeFlood

We need a regulatory framework that attracts investment here in America and encourages private sector entrepreneurs to deliver digital asset technology here at home.

2023-05-03T16:43:55.000Z · via Twitter

foxbusiness.com/politics/repub…

Mike Flood

@USRepMikeFlood

"Rep. Warren Davidson (R-Ohio), Chairman of the Subcommittee on Housing and Insurance, along with Rep. Mike Flood (R-Neb.), who serves on the Subcommittee on Digital Assets has written a letter to the CEA." Full @FoxBusiness piece here

2023-05-03T14:54:09.000Z · via Twitter

pic.twitter.com/CscbpkorcO

Mike Flood

@USRepMikeFlood

There is simply no way the digital assets ecosystem within the United States will survive without some kind of action from Congress to combat the regulatory deluge we’ve seen in the past few months. Watch my full comments

2023-04-27T22:02:04.000Z · via Twitter

pic.twitter.com/ZPXksfudju

Mike Flood

@USRepMikeFlood

Maintaining a robust role for state regulators in digital assets can help spur innovation and growth. Watch my full comments here

2023-04-21T19:51:18.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @FinancialCmte: #HappeningNow: Chairman @RepFrenchHill convenes the Subcommittee on Digital Assets, Financial Technology & Inclusion for…

2023-04-19T14:56:33.000Z · via Twitter

Mike Flood

@USRepMikeFlood

As @FinancialCmte works to establish a digital assets framework, the Biden Administration need to get bureaucrats out of the way so that we can protect the future of America’s innovation economy. coindesk.com/business/2023/…

2023-04-18T19:42:53.000Z · via Twitter

Mike Flood

@USRepMikeFlood

The actions of the Biden Administration and @SECGov Chairman Gensler are putting the future of digital assets in America at risk by pushing industry players offshore. If they succeed, American investors lose.

2023-04-18T19:42:53.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @FinancialCmte: #WATCH: @USRepMikeFlood highlights the risks that @SECGov's SAB 121 guidance poses to the digital asset ecosystem and it…

2023-03-09T23:02:22.000Z · via Twitter

Mike Flood

@USRepMikeFlood

The CBDC Anti-Surveillance State Act is a key step towards ensuring that Americans maintain their financial freedom by prohibiting a centrally controlled digital currency as our economy continues to innovate in the area of digital assets.

2023-02-22T21:24:50.000Z · via Twitter

Mike Flood

@USRepMikeFlood

2023-02-22T21:24:49.000Z · via Twitter

Mike Flood

@USRepMikeFlood

RT @GOPMajorityWhip: Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC fr…

2023-02-22T16:11:11.000Z · via Twitter

Mike Flood

@USRepMikeFlood

From establishing a commonsense digital asset regulation to ensuring we protect the financial freedom of all Americans, I’m looking forward to contributing to the important policymaking and oversight these subcommittees will lead on in the coming months.

2023-01-26T22:13:41.000Z · via Twitter

Mike Flood

@USRepMikeFlood

I look forward to collaborating with Chairman @PatrickMcHenry and Nebraska’s banking and insurance sectors on a diverse set of priorities ranging from digital asset regulation to the encroachment of ESG.

2023-01-11T20:51:45.000Z · via Twitter