Shri Thanedar
@ShriThanedar
Just spoke at the Congressional Black Caucus Foundation convention in Washington DC. On making digital assets accessible and financial inclusion in Black America.
2025-09-24T19:03:05.000Z
Does Shri Thanedar Support Crypto?
Based on previous comments, Shri Thanedar has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Shri Thanedar has made about crypto.
Shri Thanedar
@ShriThanedar
Access FOR CRYPTO FOR ALL And not just for the rich and powerful. Proud to stand with Detroiters at the Crypto rally in Eastern Market
2025-08-23T00:53:31.000Z
Congressman Shri Thanedar
@RepShriThanedar
From opening new investment opportunities to protecting our supply chain from Trump’s attacks, cryptocurrency can benefit everyone.
Credit card payments cost businesses up to 3.5% in fees, which is then passed on to the consumer. Money orders are a popular way to send money, but can be expensive and hard to access. Stablecoins—digital dollars powered by blockchain—let people send money instantly for pennies, eliminating a hidden tax we all pay.
As a former small business owner, I know how difficult it is to build a small business. Traditional credit card or check payments can take up to 7 days to clear, further exacerbating these difficulties. With blockchain, payments settle in seconds, giving businesses immediate access to funds they can use to grow their business and a greater ability to compete globally—critical when 74% of economic activity is outside the U.S.
I’m encouraged by bipartisan bills like the GENIUS and CLARITY Acts, which create a clear, bipartisan, pro-innovation regulatory framework for digital assets. Inconsistent state regulations have driven 1 in 3 blockchain innovators overseas—hurting our economy and competitiveness. #CryptoDayOfAction
2025-08-14T20:47:23.000Z
Commentary on Stance
Add your own commentary on this stance
Rep. Shri Thanedar's tweet eloquently highlights the transformative potential of crypto, particularly stablecoins, for small businesses and consumers. His emphasis on the high costs and slow processing times of traditional payment systems compared to the near-instantaneous and low-cost nature of stablecoin transactions is spot on. This understanding of the practical benefits of crypto is refreshing.
Furthermore, his support for the GENIUS and CLARITY Acts demonstrates a commitment to establishing a regulatory framework that fosters innovation while protecting consumers. These bills aim to provide clear guidelines for digital assets, addressing the current regulatory uncertainty that hinders growth and drives businesses overseas. The Congressman's recognition of this issue and his advocacy for sensible regulation are crucial for the future of the crypto industry in the US. This tweet rightly earns a 100 stance score. He's a true advocate for the positive impact of 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
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
bb
Took stances on a bill between 2025-02-24T00:00:00.000Z and 2025-03-11T00:00:00.000Z
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".
Timeline
2025-02-24
Very Pro-Crypto
Cosponsored
2025-03-11
Very Pro-Crypto
Voted for - Final Passage Out Of House
Shri Thanedar
@ShriThanedar
Karoline Leavitt
@PressSec
HAPPENING NOW: President Trump signs an Executive Order calling for the creation of a Sovereign Wealth Fund
2025-02-03T17:58:04.000Z
2025-02-04T01:54:24.000Z
Shri Thanedar
@ShriThanedar
We must modernize the Federal Reserve Act so that the Central Bank can hold Crypto currency if it so chooses.
reuters.com/technology/fed…
2024-12-19T02:15:07.000Z
Shri Thanedar
@ShriThanedar
I am glad to see the Senate delay the vote on the renomination of Commissioner Caroline Crenshaw.
Voters just delivered Congress a crypto mandate this November. We should make sure the leaders we nominate support crypto as well.
2024-12-12T15:00:55.000Z
Voted against a bill on 2024-05-23
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.
Vote Type
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
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
Quoted from standwithcrypto.org on 2024-04-06
Congressman Shri Thanedar completed the Stand With Crypto Questionnaire and demonstrated support for crypto and digital assets. He emphasized the importance of crypto in driving technological innovation, economic growth, and job creation. Congressman Shri Thanedar supports comprehensive regulatory frameworks that offer clarity and promote responsible innovation.