Does Ro Khanna Support Crypto?

Based on previous comments, Ro Khanna has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Ro Khanna has made about Bitcoin, Ethereum, and cryptocurrency innovation.

Voted against a bill on May 23rd, 2024
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.
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Voted for a bill on May 8th, 2024
Bill Name
SAB 121 House Joint Resolution

Details
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.
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Quoted from www.youtube.com on Nov 22nd, 2022

"I still think that Bitcoin and blockchain have use cases in places with high inflation where you don't have responsible fed institutions and treasury departments... I don't think you can dismiss all of the use cases of blockchain or Bitcoin. That said we need far more regulation. Most importantly, things like Terra that took place where you had an algorithmic stablecoin without U.S. backing; there needs to be reserve requirements, there needs to be clear disclosure requirements on cryptocurrencies of what is taking place."

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Cosponsored a bill on Apr 28th, 2022
Bill Name
Digital Commodity Exchange Act of 2022

Details
This bill allows for the regulation and registration of digital commodity exchanges subject to oversight by the Commodity Futures Trading Commission. The bill establishes the conditions for the sale of digital commodities, the registration of exchanges, and sets forth other requirements.
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Quoted from finance.yahoo.com on Apr 18th, 2022

“It’s a huge tool,” he said. “I mean, what is cryptocurrency? At its core, it’s a technology that allows decentralization, it takes away a need for a third-party. You have a ledger, basically an accounting book that’s public, so you don’t need third-party verification.”

This logic, that the benefits of the digital economy must be decentralized, lines up with how he views crypto. To Khanna, crypto and other digital assets present an opportunity to “move power away from the financial or big tech centers and structure things in a way that gives more people ownership,” he told Yahoo Finance.

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