Based on previous comments, Ritchie Torres has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Ritchie Torres 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.
Took stances on a bill between 2025-05-29T00:00:00.000Z and 2025-07-17T00:00:00.000Z
Bill Name
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.
The "Blockchain Regulatory Certainty Act" (H.R. 3533) provides a safe harbor for non-controlling blockchain developers and service providers, exempting them from being classified as money transmitters or financial institutions, and thus from associated licensing and registration requirements, unless they have control over users' digital assets. This aims to prevent such entities from incurring liability for unlicensed or unregistered conduct.
This bill establishes a comprehensive regulatory framework for payment stablecoins in the United States. It defines payment stablecoins and permitted issuers, mandating 1:1 reserves in high-quality assets, regular audits, and public disclosures. The legislation creates approval pathways for both federally and state-chartered entities to issue stablecoins and clarifies that self-custody of digital assets is not subject to the bill's restrictions. It also includes a two-year moratorium on new algorithmic stablecoins.
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".
Expressing support for blockchain technology and digital assets.
Details
This House Resolution expresses strong support for blockchain technology and digital assets, highlighting their potential to foster economic growth, improve financial services, and enhance collaboration. It warns against the risk of innovation shifting overseas if the United States does not embrace and support the development of these technologies. The resolution advocates for the U.S. to become a global leader in digital asset development and calls for Congress to enact a functional, tailored regulatory framework that accommodates the unique benefits and risks of the digital asset ecosystem while also incorporating investor protections.
Took stances on a bill between 2024-05-01T00:00:00.000Z and 2024-05-22T00:00:00.000Z
Bill Name
FIT21
Details
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.
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.
This bill, titled the "Uniform Treatment of Custodial Assets Act," prohibits federal financial regulators, including the SEC and federal banking agencies, from requiring financial institutions to treat assets held in custody—specifically mentioning assets associated with cryptographic keys or digital assets—as liabilities on their balance sheets. It also prevents these agencies from mandating additional regulatory capital against such custodial assets, except for operational risk mitigation under general regulations. The aim is to clarify accounting treatment for crypto assets held by regulated entities.