Based on previous comments, Randy Fine has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Randy Fine has made about crypto.
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.
This legislation establishes a comprehensive regulatory framework for digital assets, dividing jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It codifies a clear distinction between digital securities and digital commodities based on blockchain maturity. Additionally, the bill prohibits the Federal Reserve from issuing a retail central bank digital currency (CBDC), guarantees the individual right to self-custody via private wallets, and excludes decentralized finance (DeFi) activities and non-controlling software developers from money transmitter and intermediary registration requirements.