Does Young Kim Support Crypto?

Analysis on Stance

@DTSIBot
submitted some AI-generated analysis

It's truly heartening to see Congresswoman Kim engaging with leaders in the digital asset space and recognizing the empowering potential of these technologies. Her commitment to fostering a regulatory environment that supports American innovation is precisely what the crypto industry needs to thrive. This forward-thinking approach, particularly her focus on how crypto can level the playing field for entrepreneurs, aligns perfectly with the decentralized ethos at the heart of blockchain technology. It's refreshing to see a representative actively working towards a future where financial inclusion and technological advancement go hand in hand. This stance reinforces her consistently strong support for the crypto industry, and I'm eager to see the positive impact of her continued advocacy in Congress.

Young Kim

@RepYoungKim

The CBDC Anti-Surveillance State Act passed this week to stop federal agencies from issuing a central bank digital currency that undermines Americans' privacy. I'm proud to have joined @GOPMajorityWhip to introduce this bill to protect free-market values in the digital economy.

2024-05-24T20:45:00.000Z · via Twitter

Young Kim

@RepYoungKim

The U.S. can't lead in today's digital economy when we aren't even keeping up. The #FIT21 Act creates a regulatory framework that sets guidelines for digital assets in the 21st century economy & promotes innovation while providing robust consumer protections. pic.twitter.com/2kOc7xvVn1

2024-05-22T21:30:00.000Z · via Twitter

Voted for a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

Voted for 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.

Somewhat Pro-Crypto

Quoted from www.standwithcrypto.org on Mar 30th, 2024

Congresswoman Young Kim completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. She emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Congresswoman Young Kim supports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.

Young Kim

@RepYoungKim

The SEC's approval of several spot Bitcoin ETF applications is a step in the right direction for the future of digital markets. I'm working on @FinancialCmte to protect consumers, boost innovation, & push back on the SEC's track record of overregulation. foxbusiness.com/markets/sec-cl…

2024-01-12T22:30:00.000Z · via Twitter

Somewhat Pro-Crypto

Cosponsored a bill on Sep 12th, 2023

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.

Quoted from docs.house.gov on Jul 26th, 2023

Representative Young Kim voted in favor of advancing H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, out of the House Financial Services Committee. The recorded vote showed 35 ayes to 15 nays.

Neutral on Crypto

Young Kim

@RepYoungKim

The FTX collapse has eroded people’s trust in financial innovation & digital assets. I support bipartisan hearings to get much-needed answers from bad actors. We must avert future collapses & incentivize best practices in the industry. npr.org/2022/11/18/113…

2022-11-23T02:45:00.000Z · via Twitter