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Rob Portman

Does Rob Portman Support Crypto?

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

Document a missing stance Rob Portman has taken on crypto
profile picture of Rob Portman

US Senator from Ohio

3 January, 2021 - 3 January, 2023
Republican

Links

https://x.com/robportmanOH
https://www.portman.senate.gov

Very Pro-Crypto

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Rob Portman
@robportmanOH
Appreciate the Treasury Department affirming that crypto miners, stakers and those who sell hardware and software for wallets are not subject to tax reporting obligations. As I have said from the start, this requirement only applies to brokers.
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2022-02-12T00:58:07.000Z
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Very Pro-Crypto

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Rob Portman
@robportmanOH
I'm pleased to announce that Senators Warner, Toomey, Sinema, Lummis & I have reached an agreement on an amendment to clarify IRS reporting rules for crypto transactions w/o curbing innovation or imposing information reporting requirements on stakers, miners, or other non-brokers
2021-08-09T16:34:50.000Z
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Neutral on Crypto

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Rob Portman
@robportmanOH
I agree with Senators Wyden, Toomey, Lummis that we can do more to clarify the intent of the cryptocurrency provision & the Senate should vote on their amendment.
2021-08-05T15:45:15.000Z
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Neutral on Crypto

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Rob Portman
@robportmanOH
Today, Senator Sinema and I entered the nonpartisan Joint Committee on Taxation technical explanation of Section 80603: information reporting for brokers and digital assets of the Infrastructure Investment and Jobs Act into the record. portman.senate.gov/sites/default/…
2021-08-04T01:11:06.000Z
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Very Pro-Crypto

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Rob Portman
@robportmanOH
This common-sense provision will provide clarity and legitimacy for the industry, make life easier for everyday Americans, and help ensure that the US remains a global leader in crypto innovation and development.
2021-08-03T23:07:11.000Z
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Very Pro-Crypto

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Rob Portman
@robportmanOH
Digital assets like bitcoin and other cryptocurrencies are a rapidly growing part of our economy. The underlying distributed ledger and blockchain technology has many applications, and Congress should prioritize policies that fuel innovation & growth in the crypto space.
2021-08-03T23:07:10.000Z
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Neutral on Crypto

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Rob Portman
@robportmanOH
The legislation does not impose new reporting requirements on software developers, crypto miners, node operators or other non-brokers. It simply says that brokers must comply with standard information reporting obligations. Which many already do!
2021-08-03T23:07:10.000Z
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Very Pro-Crypto

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Rob Portman
@robportmanOH
The infrastructure bill includes a provision that helps accomplish that goal. It standardizes information reporting by crypto-brokers to the IRS for tax purposes – the same way it’s done for stock trades. This will make it easier for folks to determine & pay their tax bill.
2021-08-03T23:07:10.000Z
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