Does John Thune Support Crypto?

John Thune reposted the post below

Senator Pete Ricketts

@SenatorRicketts

The GENIUS Act is revolutionary for stablecoins. It protects consumers while promoting innovation and opportunity. It prioritizes national security and advances the U.S. dollar. Nebraska’s a major innovator in the stablecoin space and my amendment will give priority to states like ours when becoming certified. I am very happy that President Trump has signed this legislation into law. I look forward to working with Chairman @SenatorTimScott, @SenLummis and @SenatorHagerty on a digital asset market structure bill next.

2025-07-21T15:58:33.000Z

Add your own commentary on this bill

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

Leader John Thune

@LeaderJohnThune

We want to bring cryptocurrency into the mainstream, and the GENIUS Act will help us do that. It’s time to pass this bill.

2025-06-11T15:43:00.000Z

John Thune reposted the post below

Senator Bill Hagerty

@SenatorHagerty

The GENIUS Act is a historic first step in establishing a regulatory framework for stablecoins and asserting dollar dominance. I joined @SquawkCNBC on @CNBC to discuss.

2025-05-19T13:10:53.000Z

John Thune reposted the post below

Senator Pete Ricketts

@SenatorRicketts

Today, Democrats torpedoed a bill that would make America the global leader on stablecoin. This was a bipartisan bill. It received five Democrat votes in committee. This is Democrat hypocrisy putting politics over the country.

2025-05-08T18:35:33.000Z

John Thune reposted the post below

Senator Bill Hagerty

@SenatorHagerty

Democrats just unilaterally ceded American leadership capability in the digital asset industry to the CCP because they fear the far-left radicals of their party. Shameful.

2025-05-08T18:53:18.000Z

John Thune reposted the post below

Senator Cynthia Lummis

@SenLummis

The GENIUS Act protects consumers by:

Requiring all stablecoins to be backed 1-to-1

Giving consumers strong rights in bankruptcy

Establishing strict marketing standards

2025-05-07T00:14:00.000Z

John Thune reposted the post below

Senator Cynthia Lummis

@SenLummis

Our landmark legislation is a huge victory for the digital assets industry and a critical step in securing our nation’s financial future. I want to thank @SenatorHagerty @SenatorTimScott for their leadership & @LeaderJohnThune for bringing this important legislation to the floor

2025-05-01T22:46:59.000Z

John Thune reposted the post below

Senator Bill Hagerty

@SenatorHagerty

“I look forward to passing the GENIUS Act in short order to keep digital asset innovation in America, protect customers, and make sure foreign companies are playing by the same rules.” @SenatorTimScott @SenLummis breitbart.com/politics/2025/…

2025-05-01T22:27:08.000Z

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

Voted for 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