Does Catherine Cortez Masto Support Crypto?

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Took stances on a bill between 2025-05-20T00:00:00.000Z and 2025-06-17T00:00:00.000Z

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

2025-05-20

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.

2025-06-12

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.

2025-06-17

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Very Pro-Crypto

Senator Cortez Masto

@SenCortezMasto

We need to do more to regulate cryptocurrencies and support American businesses, consumers, and our national security. If Congress doesn’t act, we risk sidelining ourselves in favor of foreign countries who would gladly take our place in helping shape this growing sector. The GENIUS Act is the first step to ensure stablecoins issued in the United States are not used to scam or defraud people or facilitate illicit finance, while also providing regulatory clarity our domestic industry needs to innovate here at home.

2025-06-17T22:06:14.000Z

Very Pro-Crypto

Voted for a bill on 2025-03-04

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".

Vote Type

Final Passage Out Of Senate

Neutral on Crypto

Senator Cortez Masto

@SenCortezMasto

Criminal organizations are increasingly using digital assets to violate the law and fund their operations, which is why I introduced a bipartisan bill to give federal law enforcement the tools to fight back and keep our communities safe.

2024-08-12T02:09:11.000Z

Commentary on Stance

Stand With Crypto
marked this stance as neutral on crypto

DoTheySupportIt
marked this stance as neutral on crypto

Neutral on Crypto

Senator Cortez Masto

@SenCortezMasto

My new bill with @ChuckGrassley gives the Secret Service the tools to investigate criminal organizations using digital assets to evade the law. The Secret Service plays a critical role in combatting financial crime, and our bill will ensure they can continue to keep us safe.

2024-08-04T01:50:00.000Z

Voted against a bill on 2024-05-16

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

Senator Cortez Masto

@SenCortezMasto

Cryptocurrency technologies have allowed terrorists like Hamas to raise millions to fund their operations. Enough is enough. I'm calling on @POTUS to take action now to stop the flow of crypto funds to Hamas. kolotv.com/2023/10/19/cor…

2023-10-21T21:15:00.000Z

Senator Cortez Masto

@SenCortezMasto

Terrorists like Hamas are using cryptocurrency to raise millions to fund their operations and it has to be stopped. I'm joining a bipartisan group of my colleagues to make sure the Biden Admin. is taking action to stop terror groups from taking advantage of crypto technologies.

2023-10-20T02:55:34.000Z

Senator Cortez Masto

@SenCortezMasto

International drug cartels and organized criminals are using digital assets to fund their illegal activities. That's why I'm working on a bipartisan bill to close these loopholes, cut off funding for cartels, and protect Nevada communities.

KOLO8

@KOLO8

U.S. Senator Catherine Cortez Masto is cosponsoring a bill that would crack down on crypto-money laundering, drug trafficking, and ransomware kolotv.com/2023/09/15/cor…

2023-09-16T01:00:09.000Z

2023-09-20T14:09:00.000Z

Cosponsored a bill on 2023-09-14

Bill Name

Digital Asset Anti-Money Laundering Act of 2023

Details

A bill to require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes.