Does Sam Liccardo Support Crypto?

Rep. Sam Liccardo

@RepLiccardo

I was an original cosponsor of bipartisan legislation of the House version of a bill that has now been enacted into law, the Genius Act. This Congress’ first efforts to enact guardrails for stablecoin, enabling the regulated deployment of “digital dollars” where issuers are required to keep a 1:1 reserve for each and every stablecoin (eg, with treasuries or deposits). If properly regulated, stablecoin can help millions of consumers reduce financial fees, expedite transactions, dampen inflation abroad, maintain dollar primacy globally, and ensure accurate records through an immutable blockchain. #crypto

The Washington Post

@washingtonpost

The U.S. House passed the first major piece of nationwide legislation to regulate cryptocurrencies, a move widely expected to bring the once-obscure payment technology further into the mainstream economy. wapo.st/46hRe9o

2025-07-18T01:00:08.000Z

2025-07-22T14:56:37.000Z

Voted for 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

Somewhat Anti-Crypto

Voted against 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

Somewhat Pro-Crypto

Rep. Sam Liccardo

@RepLiccardo

I believe we need sensible crypto regulation, and I worked with a bipartisan group that sought to hammer out differences in the CLARITY Act on several issues, including some basic conflict of interest rules governing public officials like President Trump. buff.ly/N5QSOtP

2025-06-12T17:56:51.000Z

Very Anti-Crypto

Quoted from cointelegraph.com on 2025-06-11

“The US House Committee on Financial Services has advanced a crypto market structure bill called the Digital Asset Market Clarity (CLARITY) Act, which will soon head to the full House floor for a vote.

House Financial Services lawmakers voted 32 to 19 on Tuesday to put the CLARITY Act to a full floor vote…”

Sam Liccardo was one of the representatives who voted against advancing this pro-crypto legislation.

Rep. Sam Liccardo

@RepLiccardo

Wrapped a full day of committee meetings on rules of the road for crypto. What's coming next? I'm breaking it down on #SipWithSam

2025-06-05T15:00:59.000Z

Rep. Sam Liccardo

@RepLiccardo

I introduced the MEME Act because we need a clear line. Federal officials shouldn't be issuing digital assets. Period. #MEMEAct

2025-05-23T15:30:13.000Z

Somewhat Pro-Crypto

Rep. Sam Liccardo

@RepLiccardo

When it comes to crypto, the industry deserves clear rules of the road, and Congress needs to act. We also need an agency willing to enforce those laws. We must protect consumers from the inevitable fraud, rug pulls, and pump-and-dump schemes and prosecute criminal activity (weapons, illicit drugs, and human trafficking) facilitated by the anonymity of crypto. Trump’s Justice Department has abdicated its responsibility to do so. buff.ly/8VL6p8I

2025-04-11T18:54:45.000Z

Sam Liccardo replied to a post from @BrendanPedersen

Sam Liccardo

@sliccardo

@BrendanPedersen It becomes less complicated if a few GOP members support my bill to make it illegal for elected & other federal officials to issue digital assets/ commodities/ securities —let’s make corruption illegal again….

2025-03-31T23:43:15.000Z

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

Rep. Sam Liccardo

@RepLiccardo

Even most corrupt politicians have enough shame to avoid blatant self-dealing of this sort, but here’s one more reason why this President’s issuance of a digital asset would have given rise to impeachment in any other Congress and corruption charges in any other country (e.g., Argentina): cnn.com/2025/02/28/bus…

2025-03-04T03:43:07.000Z

Rep. Sam Liccardo

@RepLiccardo

Today, I introduced the MEME Act, which prohibits top federal officials from issuing, sponsoring, or promoting a security, commodity, or digital asset with criminal and civil penalties.

2025-02-27T17:59:07.000Z

Rep. Sam Liccardo

@RepLiccardo

I'll serve on the Digital Assets, Financial Technology, & Artificial Intelligence; National Security, Illicit Finance, and International Financial Institutions; and Oversight & Investigations subcommittees.

2025-01-23T00:23:26.000Z

Sam Liccardo

@sliccardo

Through @helium, the @CityofSanJose partnered to deploy a groundbreaking plan to turn cryptocurrency sale profits into a funding plan to buy 1,300 low-income households internet for an entire year.

2022-02-25T17:49:44.000Z

Commentary on Stance

Stand With Crypto
marked this stance as very pro-crypto

DoTheySupportIt
marked this stance as very pro-crypto

Sam Liccardo

@sliccardo

Jordan Sun @sanjosemoti explains our initiative to mine @helium cryptocurrency to fund free #broadband access for >1,000 low-income families — bridging the #digitaldivide w/innovation. #WeKnowTheWay #WeAreSanJose kron4.com/news/bay-area/…

2021-10-02T22:20:42.000Z

Commentary on Stance

Stand With Crypto
marked this stance as very pro-crypto

DoTheySupportIt
marked this stance as very pro-crypto

Sam Liccardo reposted the post below

StateScoop - @statescoop.bsky.social

@State_Scoop

San Jose launches cryptocurrency pilot to close digital divide @sliccardo @helium @sanjosemoti statescoop.com/san-jose-launc…

2021-09-30T12:05:01.000Z

Commentary on Stance