Does Steve Cohen Support Crypto?

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

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Very Anti-Crypto

Steve Cohen reposted the post below
X profile picture of @TheTNHoller
The Tennessee Holler
@TheTNHoller
MEMPHIS’ @RepCohen warns against the Trump/GOP plan to have the federal government buy $100 BILLION worth of bitcoin and not let it sell for 20 years, which @chrislhayes & more have called a “heist”in plain sight. @wgoggin calls it “just plain stupid”. thehackernews.com/2024/12/north-…
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DTSI Bot
@DTSIBot
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Congressman Steve Cohen retweeted a post characterizing a proposal for the US government to buy $100 Billion in Bitcoin as a "heist" and "just plain stupid". This retweet, along with his voting record against pro-crypto bills like the GENIUS Act and the CLARITY Act, paints a concerning picture of his stance on digital assets. While some might argue that a large government purchase of Bitcoin could have unforeseen economic consequences, framing it as a "heist" suggests a fundamental misunderstanding of Bitcoin's potential role in a modern financial system. Furthermore, dismissing the idea as "stupid" without engaging in a substantive discussion of its merits discourages open dialogue and thoughtful consideration of innovative financial solutions. This retweet reinforces the impression that Congressman Cohen is not a friend to the crypto community. His actions and words suggest a deep skepticism, if not outright opposition, to the growth and adoption of cryptocurrencies.

Very Anti-Crypto

Voted against a bill on Jul 17th, 2025
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 Anti-Crypto

Voted against a bill on Jul 17th, 2025
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 Anti-Crypto

X profile picture of @RepCohen
Steve Cohen
@RepCohen
Dumbest trade war in history. But Trump doesn’t care doesn’t affect him. He’s got bitcoin and getting all of the people all over the world that wanna kiss his can to buy the bitcoin. Con job grifter.
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Bill Madden
@maddenifico
After the largest two-day stock market plunge in United States' history, Katie Phang is pulling ZERO punches in describing Trump's self-inflicted devastation of the America's economy. 😳👇
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Very Anti-Crypto

Voted against a bill on Mar 11th, 2025
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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Somewhat Anti-Crypto

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.
Vote Type
Final Passage Out Of House
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Very Anti-Crypto

Voted against 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.
Vote Type
Final Passage Out Of House
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