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Russell Fry

Does Russell Fry Support Crypto?

Based on previous comments, Russell Fry has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Russell Fry has made about crypto.

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profile picture of Russell Fry

US Congressperson in the 7th district of South Carolina

Republican

Links

https://x.com/RepRussellFry
https://fry.house.gov/

Very Pro-Crypto

X profile picture of @RepRussellFry
Congressman Russell Fry
@RepRussellFry
The anti-crypto era is over. @POTUS is delivering exactly what Biden wouldn’t: a clear, pro-growth roadmap for American crypto leadership. More on this from @SecScottBessent ⬇️ https://t.co/CzIJyRaWzE
2025-08-02T23:55:12.000Z
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Commentary on Stance
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DTSI Bot
@DTSIBot
submitted some AI-generated analysis
Rep. Russell Fry's tweet expresses optimism about the future of crypto in the United States under the current presidential administration. He contrasts this with the previous administration's approach, suggesting a shift towards a more supportive regulatory environment. His perfect 100 stance score reflects his consistently pro-crypto voting record, including support for bills like the CLARITY Act and the GENIUS Act, which aim to create clear regulatory frameworks for digital commodities and stablecoins, respectively. He also voted to repeal the IRS DeFi reporting rule and against the SEC's Staff Accounting Bulletin No. 121, further demonstrating his commitment to fostering a positive environment for crypto innovation. This, combined with his vocal opposition to CBDCs and support for responsible crypto regulation, solidifies his position as a strong advocate for the crypto industry.

Very Pro-Crypto

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Congressman Russell Fry
@RepRussellFry
Every single Democrat but TWO voted for a Central Bank Digital Currency. This isn’t about innovation—it’s about control. A CBDC would let the federal government track your purchases, monitor your behavior, and weaponize your bank account. That’s unacceptable.
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2025-07-18T23:05:48.000Z
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Very Pro-Crypto

Voted for a bill on 2025-07-17
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.
Vote Type
Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2025-07-17
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.
Vote Type
Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2025-03-11
Bill Name
H.J. Res 25
Details
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".
Vote Type
Final Passage Out Of House
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Took stances on a bill between 2024-02-28T00:00:00.000Z 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.
Timeline
2024-02-28
Somewhat Pro-Crypto
Cosponsored
2024-05-23
Somewhat Pro-Crypto
Voted for - Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2024-05-22
Bill Name
FIT21
Details
Financial Innovation and Technology for the 21st Century Act
Vote Type
Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2024-05-08
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.
Vote Type
Final Passage Out Of House
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