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Richard Blumenthal

Does Richard Blumenthal Support Crypto?

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

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profile picture of Richard Blumenthal

US Senator from Connecticut

Democrat

Links

https://x.com/SenBlumenthal
https://www.blumenthal.senate.gov

Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
The GENIUS Act emboldens Trump crypto corruption & industry self-enrichment without protecting consumers. Our amendments seeking to bar presidential schemes & criminal money laundering were blocked. 1/
2025-06-18T02:24:45.000Z
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
New laws are needed to establish crypto guardrails & safeguards, but the GENIUS Act is ineffectual or worse. 2
2025-06-18T02:24:45.000Z
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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 Anti-Crypto
Voted against - 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 Anti-Crypto
Voted against - 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 Anti-Crypto
Voted against - Final Passage Out Of Senate
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
The Trump family & Big Tech are eager to enrich themselves & consolidate financial power through crypto ventures & stablecoins. My colleagues & I have sensible amendments to the GENIUS Act to avert these risks. Senate Rs should let us vote on these fixes, not jam the bill through
2025-06-11T18:15:08.000Z
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
Sheldon Xia is the founder of BitMart, a crypto exchange registered in the Cayman Islands. Xia posted on X celebrating his spot on tonight's guest list, saying he was proud to support Trump's pro-crypto vision.
2025-05-23T04:10:39.000Z
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
Trump says $50 million for his “big, beautiful” birthday parade is just “peanuts.” To veterans he's fired, it could pay to hire them back. Maybe it's “peanuts” if you’re making millions on crypto schemes, but it's real money taken from veterans’ pockets. nbcnews.com/politics/trump…
2025-05-05T14:43:08.000Z
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
The scope&scale of Trump’s brazen, craven crypto corruption is staggering. He has made it clear he is going to use the Presidency to make as much money as he can in office—conflicts of interest&national security threats be damned. That’s why an investigation is beyond necessary.
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USA TODAY
@USATODAY
Trump returned to the White House days after launching a cryptocurrency meme coin that analysts say is now worth a fortune. usatoday.com/story/news/pol…
2025-05-04T15:00:39.000Z
2025-05-04T19:19:57.000Z
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Somewhat Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
No ordinary entrepreneur would even dream of this kind of crypto deal. Crypto may seem complex&confusing but this catastrophic abuse of power is very simple. It’s undisguised greed. nytimes.com/2025/05/01/us/…
2025-05-01T19:15:58.000Z
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
Arrogant&avaricious beyond words, crypto corruption in Trump's aspiring autocracy cries out for Congressional investigation. The public needs to know how Trump&his sycophants are brazenly, blatantly exploiting power&self-enriching. Trump’s DOJ, SEC can’t be counted on to stop it.
2025-05-01T19:15:57.000Z
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Very Anti-Crypto

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Richard Blumenthal
@SenBlumenthal
No, to funding research that helps find a cure for cancer. No, to supporting the Veterans Crisis Line. Yes, to funneling taxpayer dollars into a cryptocurrency stockpile that only benefits Trump’s tech cronies. bbc.com/news/articles/…
2025-03-10T21:30:42.000Z
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Very Anti-Crypto

Voted against 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 Anti-Crypto

Voted against 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
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Very Anti-Crypto

Cosponsored a bill on 2023-09-14
Bill Name
Digital Asset Anti-Money Laundering Act of 2023
Details
A bill to require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes.
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