Does Ted Budd Support Crypto?

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

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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
The Senate’s market structure bill would provide the crypto industry with regulatory certainty needed to unlock new investments & innovation. Grateful for the inclusion of my provisions to ensure self-custody of digital assets & address illicit use of financial technologies.
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Senator Cynthia Lummis
@SenLummis
Today, @SenatorTimScott, @berniemoreno, @SenatorHagerty and I led our colleagues in releasing the discussion draft for market structure legislation that will serve as the foundation for making the U.S. the crypto capital of the world.
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Very Pro-Crypto

Ted Budd reposted the post below
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Mike Lee
@SenMikeLee
Americans deserve to keep their crypto assets where they choose – not where they’ve been forced by the federal government. Proud to join @SenTedBuddNC’s Keep Your Coins Act to protect Americans’ privacy and right to maintain self-custody of their crypto assets.
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Took stances on a bill between May 20th, 2025 and Jun 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.
Timeline
May 20th, 2025
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.
Jun 12th, 2025
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.
Jun 17th, 2025
Very Pro-Crypto
Voted for - Final Passage Out Of Senate
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
Proud to support the first-ever digital asset legislation to pass the U.S. Senate. The GENIUS Act will drive American innovation in the financial sector, protect consumers by boosting transparency, & further cement the U.S. dollar as the world’s reserve currency.
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Took stances on a bill between Jan 21st, 2025 and Mar 4th, 2025
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
Jan 21st, 2025
Very Pro-Crypto
Cosponsored
Mar 4th, 2025
Very Pro-Crypto
Voted for - Final Passage Out Of Senate
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Very Pro-Crypto

Voted for a bill on May 16th, 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 Senate
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
What happened at FTX was fraud, plain & simple. Sam Bankman-Fried should be prosecuted to the fullest extent of the law. In order to protect consumers & encourage U.S. innovation, Congress should finally take the lead & establish clear rules for #Crypto.
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
During today's @FinancialCmte hearing, I asked Treasury's Under Secretary for Domestic Finance if federal regulators would front-run Congress and impose heavy limitations on #stablecoins. She said she did not think so. #StableCoin
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
Given @BrianBrooksUS's previous experience as head of the OCC, I asked him if the U.S. government is "behind the curve" when it comes fostering a pro-growth environment for #crypto. His answer: "Unquestionably." This has to change. #Bitcoin #cryptocurrency
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
Glad to join @RepTomEmmer to make sure that the Fed does not undermine decentralized digital assets. "Decentralized digital assets and digital asset ecosystems empower individual Americans and unlock great access to opportunities for all" #Crytpo #CBDC
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Tom Emmer
@GOPMajorityWhip
Today, I sent a bipartisan letter to Federal Reserve Chairman Jerome Powell highlighting the need for private sector digital asset innovation.
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
China's abolishment of #crypto and #Bitcoin is huge opportunity for the U.S. to innovate and lead in this 21st century industry. If America's lives up to our free market principles, we will outpace China's authoritarian, communist system every time.
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
We want the next generation of digital banking to built right here in the USA, not pushed overseas. The amendment from @SenLummis, @SenToomey, & @RonWyden is a positive step to ensure innovation continues to thrive in America. #Crypto #cryptocurrency
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Very Pro-Crypto

Ted Budd reposted the post below
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Breitbart News
@BreitbartNews
.@RepTedBudd told Breitbart News in an exclusive interview that the cryptocurrency regulations in the so-called bipartisan infrastructure bill are “devastating” for American jobs and the country’s competitiveness in the financial technology industry. trib.al/UOvsdG9
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Very Pro-Crypto

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Senator Ted Budd
@SenTedBuddNC
Taxing everyday #crypto investors & innovators like this will undermine U.S. leadership in this industry. Totally self-destructive.
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CoinDesk
@CoinDesk
The new infrastructure deal in Washington includes a proposal to generate $30 billion through increased taxes on crypto transactions. @nikhileshde @realDannyNelson report trib.al/xS274sz
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