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Dave McCormick

Does Dave McCormick Support Crypto?

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

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profile picture of Dave McCormick

US Senator from Pennsylvania

Republican

Links

https://x.com/DaveMcCormickPA
https://x.com/SenMcCormickPA
https://www.davemccormickpa.com/daves-keystone-agenda/
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
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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
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Very Pro-Crypto

X profile picture of @SenMcCormickPA
Senator Dave McCormick
@SenMcCormickPA
2025 is the year for digital assets. Blockchain and digital assets offer Pennsylvania and America a chance to lead the next wave of innovation, enhancing our national security and our economy. Proud to be a member of the inaugural Senate Banking Subcommittee on Digital Assets.
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2025-02-26T23:50:45.000Z
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Very Pro-Crypto

Dave McCormick reposted the post below
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Senator Cynthia Lummis
@SenLummis
The digital asset dream team. Let’s get to work🇺🇸 @SenThomTillis @SenatorHagerty @SenMcCormickPA @BernieMoreno @SenRubenGallego @SenTinaSmith @MarkWarner @ChrisVanHollenB
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2025-01-27T19:04:00.000Z
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Very Pro-Crypto

Dave McCormick reposted the post below
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Brian Armstrong
@brian_armstrong
If you live in Pennsylvania you should vote for @DaveMcCormickPA He is the better candidate on crypto (among many other credentials)
2024-10-20T19:24:34.000Z
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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
Crypto and blockchain have the potential to create incredible jobs for our commonwealth and strengthen our national security. We need leaders who will embrace it and ensure America is leading the world in another generation of critical innovation.
2024-09-28T14:33:18.000Z
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Very Pro-Crypto

Dave McCormick reposted the post below
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Dave McCormick
@DaveMcCormickPA
Blockchain & crypto offer PA and America the chance to lead another generation of innovation. But if policymakers don't do their part, this opportunity will slip away. I'll fight to ensure we remain at the tip of the technology spear. Read my op-ed here: washingtonexaminer.com/opinion/beltwa…
2024-03-26T15:13:05.000Z
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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
In Northeastern PA, @Stronghold_DM is using Bitcoin mining to convert old mining waste into power, supply the grid, and reclaim once unusable land! PA businesses like these are the future, and it’s great to see ingenuity being used to protect our beautiful environment.
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2024-06-21T20:52:26.000Z
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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
Embracing crypto and blockchain will unlock great jobs for our commonwealth and benefit our national security. If Congress fails to accept the next wave of innovation, the U.S. will be left behind.
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2024-06-19T15:22:55.000Z
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Commentary on Stance
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Stand With Crypto
marked this stance as very pro-crypto
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DoTheySupportIt
marked this stance as very pro-crypto

Very Pro-Crypto

Quoted from youtube.com on 2024-06-18

Dave McCormick was interviewed on Bloomberg TV: "I think it's good economic policy, but it's also good national security policy... We are in the next great wave of innovation with crypto and blockchain. If America doesn't embrace it, we're going to be left behind. By embracing it, we can create great jobs... [I] encouraged lawmakers [in my op-ed] to lay out a regulatory framework that will allow innovation to continue."

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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
Families in PA would benefit from more access to the financial system. That's why I support cryptocurrency which cuts out powerful intermediaries. But Biden wants to tax the digital assets industry out of existence. Does Bob Casey agree with Biden’s tax scheme? 🧐
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2024-05-10T15:59:44.000Z
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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
.@Stronghold_DM is leading the way in solving PA’s toxic mining waste problem through the land reclamation process. Stronghold’s facilities convert mining waste into power to supply the grid and mine Bitcoin. For each Bitcoin mined, around 200 tons of mining waste is eliminated!
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2024-04-18T17:23:27.000Z
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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
The Bitcoin mining operation and the plant have around 75 employees on site. 25 or so of those employees are tasked with operating the 20k computers used for Bitcoin mining. These are good-paying entry-level technology jobs for young people looking to begin a career in the tech space!
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2024-03-28T02:21:59.000Z
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Commentary on Stance
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Stand With Crypto
marked this stance as very pro-crypto
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DoTheySupportIt
marked this stance as very pro-crypto

Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
The operation removes coal refuse often found in Northeastern PA — which is harmful to PA’s water supply, makes land unusable, and has caught fire emitting toxins for decades — and converts the coal refuse into electricity for both the grid and Bitcoin mining. Its generation capacity is 86 MW!
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2024-03-28T02:21:58.000Z
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Commentary on Stance
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Stand With Crypto
marked this stance as very pro-crypto
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DoTheySupportIt
marked this stance as very pro-crypto

Very Pro-Crypto

X profile picture of @DaveMcCormickPA
Dave McCormick
@DaveMcCormickPA
Today, I visited an amazing Pennsylvania success story at @Stronghold_DM’s Panther Creek Plant. This 20-year-old power plant was originally used in support of the anthracite mining industry in Nesquehoning. Now, this power generation facility & bitcoin mining operation is designed to solve PA’s mining waste problem thru the reclamation-to-energy process.
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2024-03-28T02:21:57.000Z
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Commentary on Stance
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Profile picture of Stand With Crypto
Stand With Crypto
marked this stance as very pro-crypto
Profile picture of DoTheySupportIt
DoTheySupportIt
marked this stance as very pro-crypto

Very Pro-Crypto

X profile picture of @DaveMcCormickPA
Dave McCormick
@DaveMcCormickPA
Blockchain & crypto offer PA and America the chance to lead another generation of innovation. But if policymakers don't do their part, this opportunity will slip away. I'll fight to ensure we remain at the tip of the technology spear. Read my op-ed here: washingtonexaminer.com/opinion/beltwa…
2024-03-26T15:13:05.000Z
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Commentary on Stance
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Profile picture of Stand With Crypto
Stand With Crypto
marked this stance as very pro-crypto
Profile picture of DoTheySupportIt
DoTheySupportIt
marked this stance as very pro-crypto

Very Pro-Crypto

Quoted from washingtonexaminer.com on 2024-03-26

Dave McCormick's OpEd in the Washington Examiner: America must lead on cryptocurrency

"Across my career at the intersection of national security and our economy, I have witnessed firsthand several game-changing technological revolutions. From GPS to the internet and from smartphones to artificial intelligence, our nation’s unmatched capacity to innovate has created unprecedented benefits for the economy and security. Another wave is upon us: Blockchain and crypto offer America the chance to lead another generation of critical innovation, but policymakers must do their part, or this opportunity will slip away. If the Biden White House and Congress don’t provide the support and regulatory certainty this burgeoning industry requires, there is little doubt it will develop and thrive elsewhere..."

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Very Pro-Crypto

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Dave McCormick
@DaveMcCormickPA
Blockchain and crypto currency promote individual freedom and privacy and are driving incredible innovation in our economy. Ensuring America is THE global leader is critical to national security. We must embrace it as a powerful tool for keeping Pennsylvania and America at the tip of the technology spear. foxbusiness.com/politics/treas…
2024-03-01T02:04:47.000Z
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Commentary on Stance
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Stand With Crypto
marked this stance as very pro-crypto
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DoTheySupportIt
marked this stance as very pro-crypto