Does Michael Cloud Support Crypto?

Congressman Michael Cloud

@RepCloudTX

I voted NO on the GENIUS Act. It overlooks smaller community banks and current issuers, and most importantly—it fails to protect self-custody and leaves the door wide open to a Central Bank Digital Currency (CBDC).

2025-07-18T00:16:29.000Z

Congressman Michael Cloud

@RepCloudTX

A CBDC could give federal bureaucrats full control over: — Every transaction tracked — Accounts frozen or censored — Political beliefs punished That’s not innovation. That’s surveillance.

2025-07-18T00:16:29.000Z

Congressman Michael Cloud

@RepCloudTX

This week, the House took up several major crypto bills: • S.1582 — GENIUS Act • H.R.1919 — Anti-CBDC Act • H.R.3633 — CLARITY Act But not every bill protected your freedom and that’s where I drew the line.

2025-07-18T00:16:28.000Z

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

Very Anti-Crypto

Voted against 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

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

Add your own commentary on this bill

Took stances on a bill between 2023-09-12T00:00:00.000Z 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

2023-09-12

Somewhat Pro-Crypto

Cosponsored

2024-05-23

Somewhat Pro-Crypto

Voted for - Final Passage Out Of House

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

Michael Cloud reposted the post below

Warren Davidson 🇺🇸

@WarrenDavidson

Next week the House will vote to ban Central Bank Digital Currency. #CBDC poses an existential threat to western civilization. It is the most powerful surveillance tool ever developed and corrupts money into a tool for coercion & control. #BanCBDC

2024-05-18T10:57:27.000Z

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