Does Steve Daines Support Crypto?

Steve Daines

@SteveDaines

Glad to speak at the 2026 DC Blockchain Summit!

2026-03-18T19:02:19.000Z

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Took stances on a bill between 2025-05-20T00:00:00.000Z and 2025-06-17T00:00:00.000Z

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.

Timeline

2025-05-20

Very Pro-Crypto

Voted for - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

2025-06-12

Very Pro-Crypto

Voted for - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.

2025-06-17

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Took stances on a bill between 2025-02-04T00:00:00.000Z and 2025-03-04T00:00:00.000Z

Bill Name

S.J. Res 3

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".

Timeline

2025-02-04

Very Pro-Crypto

Cosponsored

2025-03-04

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Add your own commentary on this bill

Voted for a bill on 2024-05-16

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 Senate

Steve Daines

@SteveDaines

Thank you to the @crypto_council for honoring me with the Digital Future Award — encouraging financial innovation is critical to furthering U.S. competitiveness in a global market.

2022-09-20T23:51:19.000Z

Steve Daines

@SteveDaines

Digital assets are part of the future—let’s embrace them!

2022-04-06T16:36:28.000Z

Steve Daines

@SteveDaines

Great chatting with #Crypto visionary last night, Michael @saylor.

2022-01-12T15:32:33.000Z

Steve Daines

@SteveDaines

America has long led the world in innovation. We must do everything we can to ensure that the conditions allowing our nation to lead continue to exist, especially in #Crypto and blockchain innovation.

2021-09-14T16:16:40.000Z

Steve Daines

@SteveDaines

Today at @BankingGOP I plan to ask SEC Chair Gensler about his heavy-handed posture toward #Crypto and blockchain technology. It is threatening American innovation, could push jobs overseas and crush our financial prosperity.

2021-09-14T14:41:17.000Z