Based on previous comments, Pete Sessions has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Pete Sessions has made about crypto.
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.
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.
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".
Took stances on a bill between 2023-09-12T00:00:00.000Z and 2024-05-23T00:00:00.000Z
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.
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.
Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.
Details
This resolution expresses the House of Representatives' view that Proof-of-Work (PoW) mining, such as that used by Bitcoin, is crucial for the United States to achieve its energy goals and grow its economy. It asserts that PoW mining ensures blockchain network trust, utilizes excess energy, contributes to grid stability, and can reduce methane emissions. The resolution also contrasts this with China's adoption of a CBDC and emphasizes the need for congressional authority for any US CBDC, advocating for investment in the digital asset industry for job growth and innovation.
This bill, known as the "CBDC Anti-Surveillance State Act," aims to prevent the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. It prohibits Federal Reserve banks from offering products or services, or maintaining accounts, directly for individuals. Additionally, it restricts the Federal Reserve Board and the Federal Open Market Committee from using any CBDC for monetary policy purposes and mandates quarterly reports to Congress on any CBDC studies or pilot programs.