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Andrew Garbarino

Does Andrew Garbarino Support Crypto?

Based on previous comments, Andrew Garbarino has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Andrew Garbarino has made about crypto.

Document a missing stance Andrew Garbarino has taken on crypto
profile picture of Andrew Garbarino

US Congressperson in the 2nd district of New York

Republican

Links

https://x.com/RepGarbarino
https://x.com/GarbarinoforNY
https://garbarino.house.gov/

Very Pro-Crypto

Voted for a bill on 2025-07-17
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.
Vote Type
bb
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Somewhat Pro-Crypto

Voted for a bill on 2025-07-17
Bill Name
CLARITY Act
Details
The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.
Vote Type
Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2025-03-11
Bill Name
H.J. Res 25
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".
Vote Type
Final Passage Out Of House
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Took stances on a bill between 2024-02-23T00:00:00.000Z and 2024-05-23T00:00:00.000Z
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.
Timeline
2024-02-23
Somewhat Pro-Crypto
Cosponsored
2024-05-23
Somewhat Pro-Crypto
Voted for - Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2024-05-22
Bill Name
FIT21
Details
Financial Innovation and Technology for the 21st Century Act
Vote Type
Final Passage Out Of House
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Very Pro-Crypto

Voted for a bill on 2024-05-08
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 House
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Very Pro-Crypto

Quoted from docs.house.gov on 2023-07-26

Representative Andrew Garbarino voted For 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.

H.R. 4763, the Financial Innovation and Technology for the 21st Century Act is a comprehensive market structure bill that would protect consumers, ensure crypto companies have robust rules, and create clarity for job creators and blockchain builders.

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Very Pro-Crypto

Quoted from bloomberg.com on 2023-01-13

"Crypto is good innovation, we just need to make sure there's protections and good regulations to let people know what the rules are and what they aren't."

"I think it's going to be around for a while, I don't think crypto is going to end... if we don't regulate it here, a lot of these companies are going to go to other countries that are more welcoming, and I don't think that's going to be very good for us either."

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