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Jim Banks

Does Jim Banks Support Crypto?

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

Document a missing stance Jim Banks has taken on crypto
profile picture of Jim Banks

US Senator from Indiana

Republican

Links

https://x.com/SenatorBanks
https://x.com/Jim_Banks
https://banks.house.gov
Cosponsored a bill on 2025-07-10
Very Pro-Crypto
Bill Name
Fallen Servicemembers Religious Heritage Restoration Act

Details
This legislation prohibits the Federal Reserve from directly or indirectly issuing a Central Bank Digital Currency (CBDC) to individuals, maintaining accounts for individuals, or using a CBDC for monetary policy. It also bars the Federal Reserve Board of Governors from testing, developing, or implementing a CBDC without explicit authorization from Congress. Crucially, the bill carves out an exception for open, permissionless, and private dollar-denominated digital assets, ensuring that private stablecoins and decentralized cryptocurrencies are not restricted by these prohibitions.
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Took stances on a bill between 2025-02-03T00:00:00.000Z and 2025-03-04T00:00:00.000Z
Bill Name
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".

Details
This joint resolution uses the Congressional Review Act to invalidate an Internal Revenue Service rule regarding tax reporting for digital asset transactions. The targeted rule requires a wide range of platforms to report gross proceeds as brokers. By blocking this regulation, the resolution aims to prevent the imposition of expansive tax reporting mandates on decentralized protocols, software developers, and other crypto intermediaries.

Timeline
2025-03-04
Very Pro-Crypto
Voted for - Final Passage Out Of Senate
2025-02-03
Very Pro-Crypto
Cosponsored
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Took stances on a bill between 2024-02-28T00:00:00.000Z 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
2024-05-23
Somewhat Pro-Crypto
Voted for - Final Passage Out Of House
2024-02-28
Somewhat Pro-Crypto
Cosponsored
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Took stances on a bill between 2024-02-06T00:00:00.000Z and 2024-05-22T00:00:00.000Z
Bill Name
FIT21

Details
Financial Innovation and Technology for the 21st Century Act

Timeline
2024-05-22
Very Pro-Crypto
Voted for - Final Passage Out Of House
2024-02-06
Very Pro-Crypto
Cosponsored
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