Rep. Ro Khanna
@RepRoKhanna
While I am inclined to support GENIUS & CLARITY to having some regulatory framework for crypto instead of the wild west, I strongly support these amendments to strengthen the legislation and I hope they will be adopted this week by the House or before the legislation heads to Trump’s desk.
1. Chair Waters’ amendment establishing a crypto investor and consumer “bill of rights.”
2. Waters’ amendment preventing the preemption of all state laws.
3. Waters’ amendment blocking the President, Vice President, and Members of Congress from issuing and trading crypto tokens and conflict of interests.
4. Amendment requiring exchanges to provide digital wallet and digital asset information to Federal law enforcement when there is a warrant for illegal activity.
5. Rep. Sherman’s amendment specifying that nothing in this Act prevents the SEC from regulating stocks and bonds on the blockchain as securities.
6. Language that makes it clear the test will not strip the SEC of authority over those tokens that clearly are speculative, as opposed to those that are functional and should be regulated by the CFTC.
2025-07-15T15:48:28.000Z