Does Steven Horsford Support Crypto?

Congressman Steven Horsford of Nevada recently stated he would be speaking on how crypto can empower underserved communities. This is a significant and positive statement, earning a top score for its pro-crypto stance. Framing cryptocurrency as a tool for financial inclusion and empowerment is crucial. It elevates the conversation beyond speculation and highlights the technology's potential to provide access to financial services for those left behind by the traditional system. This narrative directly counters claims that crypto has no real-world use cases. This perspective is largely consistent with Rep. Horsford's legislative record. He has voted in favor of several key pro-crypto bills, including FIT21, which aims to create a comprehensive regulatory framework, and the GENIUS Act, which would provide clarity for payment stablecoins. While his overall record is one of the strongest in Congress, it's also important to note his past vote in May 2024 against repealing the SEC's Staff Accounting Bulletin 121, an anti-crypto rule that creates significant operational hurdles for regulated custodians. This demonstrates that even with strong allies, vigilance on specific policy details remains essential. However, his public advocacy for crypto's positive social impact is a clear benefit for the industry.