Based on previous comments, Pete Ricketts has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Pete Ricketts has made about Bitcoin, Ethereum, and cryptocurrency innovation.
The GENIUS Act protects consumers while promoting innovation and opportunity. It prioritizes national security and advances the U.S. dollar. Nebraska’s a major innovator in the stablecoin space and my amendment will give priority to states like ours when becoming certified.
Senate Cloakroom
@SenateCloakroom
Passed, 68-30: Passage of Cal. #66, S.1582, GENIUS Act, as amended.
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.
Today, Democrats torpedoed a bill that would make America the global leader on stablecoin.
This was a bipartisan bill. It received five Democrat votes in committee. This is Democrat hypocrisy putting politics over the country.
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".
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.
Grateful to have Nebraskan Courtney Dentlinger from @NPPDnews as my witness to testify about the important role Nebraska’s lower energy costs play in attracting industries like crypto-asset mining that bring new jobs and economic growth to our state.
EPW Republicans
@EPWGOP
The Subcommittee on Clean Air, Climate, and Nuclear Safety, led by @SenatorRicketts, holds a hearing on the Air, Climate, and Environmental Impacts of Crypto-Asset Mining: x.com/i/broadcasts/1…
