Based on previous comments, Tina Smith has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Tina Smith has made about Bitcoin, Ethereum, and cryptocurrency innovation.
Republicans are jamming through the GENIUS Act which will turbocharge Donald Trump’s crypto corruption.
We need an amendment vote to stop the President, Vice President, and senior government officials from directly or indirectly profiting from a stablecoin venture.
The GENIUS Act should not pass without a vote on this fix.
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.
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".
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.
.@SenTinaSmith (D-Mn.) on crypto regulation following FTX’s collapse: “We know how to basically provide a fair market for consumers and we need to make sure those standards are being applied where we can in the crypto world.”
Crypto mining uses a ton of energy (more than some entire countries), further exacerbating climate change. Now neighbors who never asked to live near crypto miners are seeing local pollution and their energy bills go up.
Listen to @Ben_Mckenzie from yesterday’s FTX hearing.
It’s not hard to conclude SBF bulldozed over market rules because he thought nobody would stop him.
Let’s be clear: we need strict protections for consumers, shielding them from blatantly corrupt actors in crypto.
The New York Times
@nytimes
Breaking News: U.S. prosecutors unsealed their criminal indictment against Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, charging him with fraud and conspiracy.
Read the latest.
nyti.ms/3VMq6qZ
Crypto sellers are already flagrantly disregarding consumer protection laws.
We need strong consumer protections on crypto so we don’t risk Americans’ retirement savings disappearing overnight.
Moving Crypto into 401(k)s is far too risky, and this week’s rollercoaster ride shows why. Inserting risky assets into retirement portfolios is a recipe for disaster.
washingtonpost.com/business/2022/…
Investing in cryptocurrencies is a risky and highly speculative gamble, and @Fidelity's plans to allow Bitcoin investments in Americans' retirement savings plans are a big mistake.
@SenTinaSmith and I want answers.
wsj.com/articles/sen-e…
Incredibly, Facebook seems to have decided now is a good time to revive their cryptocurrency and digital wallet efforts.
It is not and never was. Proud to join my colleagues in pushing back on this.
