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Sarah Elfreth

Does Sarah Elfreth Support Crypto?

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

Document a stance Sarah Elfreth has taken on crypto
profile picture of Sarah Elfreth

US Congressperson in the 3rd district of Maryland

Democrat

Links

https://x.com/RepSarahElfreth
https://x.com/SarahForMD
https://elfrethformaryland.com/issues/
Voted against a bill on 2025-07-17
Very Anti-Crypto
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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Voted against a bill on 2025-07-17
Very Anti-Crypto
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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Voted for a bill on 2025-03-11
Very Pro-Crypto
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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Cosponsored a bill on 2025-02-27
Neutral on Crypto
Bill Name
MEME Act

Details
This bill, known as the MEME Act, prohibits federal elected officials, certain high-ranking government employees, and their immediate families from engaging in "prohibited financial transactions" for pecuniary gain. These transactions include the issuance, sponsorship, or promotion of "covered assets," explicitly defined to include cryptocurrencies, meme coins, tokens, and non-fungible tokens. The restrictions apply during their term of service, 180 days prior, and 180 days after, backed by civil and criminal penalties, and a private right of action for harm suffered.
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