Based on previous comments, Rick Scott has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Rick Scott has made about crypto.
This bill proposes to amend the Federal Reserve Act to explicitly prohibit Federal Reserve banks from offering products or services directly to individuals or maintaining individual accounts. Crucially, it bans the Federal Reserve from developing, testing, implementing, or issuing a central bank digital currency (CBDC), either directly or indirectly, and from using a CBDC for monetary policy. The legislation defines CBDC as a direct liability of the Federal Reserve System, denominated in the national unit of account, and widely available to the public.
Took stances on a bill between 2025-05-20T00:00:00.000Z and 2025-06-17T00:00:00.000Z
Bill Name
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.
Timeline
2025-06-17
Very Pro-Crypto
Voted for - Final Passage Out Of Senate
2025-06-12
Very Pro-Crypto
Voted for - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
2025-05-20
Very Pro-Crypto
Voted for - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
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".
This bill proposes significant reforms to federal financial privacy laws and regulatory oversight. It aims to reduce government access to financial records without warrants by amending the Bank Secrecy Act and the Right to Financial Privacy Act. Key provisions include terminating the Consolidated Audit Trail and explicitly prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC). Additionally, it prevents federal agencies from restricting individuals' use of convertible virtual currencies for personal purchases or transactions through self-hosted wallets, and reverts 1099-K tax reporting thresholds.
This bill, known as the "No CBDC Act," amends the Federal Reserve Act to explicitly prohibit Federal Reserve banks, the Board of Governors, the Secretary of the Treasury, or any other related agency from minting or issuing a central bank digital currency (CBDC). The prohibition extends to issuing CBDCs directly to individuals, through custodial intermediaries, or offering related services. Furthermore, it bars Federal Reserve banks from holding any United States government-issued digital currencies as assets or liabilities on their balance sheets.
This bill, the VALOR Act of 2025, aims to promote democracy in Venezuela by imposing sanctions on the Nicolas Maduro regime. A key provision, Section 304, specifically prohibits transactions by U.S. persons or within the U.S. that involve any digital currency, digital coin, or digital token issued by, for, or on behalf of the Maduro regime or any non-democratic successor government. The bill also includes other financial sanctions and mechanisms to block support for the regime.
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.