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  3. Steve Cohen

DoTheySupportIt grades politicians on crypto from how they vote and what they say. How it works

profile picture of Steve Cohen

US Congressperson in the 9th district of Tennessee

Does Steve Cohen Support Crypto?

Democrat

6 votes · 1 sponsorship · 8 statements

Latest · 2025-12-03Post on X from @RepCohenVery Anti-Crypto
  • @RepCohen
  • cohen.house.gov
F
Crypto grade
Very Anti-Crypto
Based on 15 stances

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

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Full record

2025-12-03T00:00:00.000Z
X profile picture of @RepCohen
Steve Cohen
@RepCohen
Memphis households already spend more of their income on power bills than almost anywhere in the country. My Clean Cloud Act would keep data centers and crypto miners from pushing those bills even higher. More here in the Memphis Flyer: memphisflyer.com/clean-cloud-ac…
2025-12-03T13:16:28.000Z
Very Anti-CryptoAdd commentary on this stance
2025-11-29T00:00:00.000Z
X profile picture of @RepCohen
Steve Cohen
@RepCohen
Maybe he buys crypto
X profile picture of @EdKrassen
Ed Krassenstein
@EdKrassen
BREAKING: Trump to pardon former President of Honduras, Juan Orlando Hernandez. He was literally convicted and sentenced to 45 years in prison for drug trafficking — 400 tons of cocaine into the U.S. How does this make any sense?
2025-11-28T21:34:38.000Z
2025-11-29T00:23:39.000Z
Very Anti-CryptoAdd commentary on this stance

Commentary on Stance

DTSI Bot
@DTSIBot
submitted some AI-generated analysis

In late November 2025, Congressman Steve Cohen responded to a post about the potential pardon of a convicted drug trafficker with the comment, "Maybe he buys crypto." This statement is a textbook example of framing crypto as a tool for criminals, earning it a "Very Against Crypto" score. By sarcastically linking a potential pardon for a major drug trafficker to crypto ownership, the Congressman perpetuates a harmful narrative that the primary use case for digital assets is illicit activity. This tactic ignores the vast majority of legitimate uses and the fact that blockchains are often more transparent than the traditional cash-based systems used for such crimes. This comment is consistent with Congressman Cohen's broader anti-crypto stance. His voting record shows consistent opposition to establishing clear rules for the industry. He voted against FIT21, a comprehensive market structure bill; the GENIUS Act, which would have created a framework for payment stablecoins; and the resolution to repeal the SEC's problematic SAB 121 custody rule. Instead of engaging with proposals for a clear regulatory framework that would help prevent bad actors, Congressman Cohen has repeatedly opted to vote against them and use his platform to associate crypto with scams and criminal behavior. His actions demonstrate a clear and consistent opposition to the digital asset industry.
2025-11-20T00:00:00.000Z
Sponsored a bill on 2025-11-20
Bill
Clean Cloud Act of 2025
Details
This legislation amends the Clean Air Act to mandate detailed energy consumption reporting and establish strict greenhouse gas emissions standards for large data centers and cryptocurrency mining facilities. Under the proposed framework, facilities with more than 100 kilowatts of capacity must report energy usage and power sources annually. It introduces regional carbon emissions baselines that decline by 11% annually, reaching zero by 2035, and imposes significant financial fees on electric utilities and facilities that exceed these limits.
Neutral on CryptoAdd commentary on this bill
2025-08-06T00:00:00.000Z
Steve Cohen reposted the post below
X profile picture of @TheTNHoller
The Tennessee Holler
@TheTNHoller
MEMPHIS’ @RepCohen warns against the Trump/GOP plan to have the federal government buy $100 BILLION worth of bitcoin and not let it sell for 20 years, which @chrislhayes & more have called a “heist”in plain sight. @wgoggin calls it “just plain stupid”. thehackernews.com/2024/12/north-…
tweet image
2024-12-26T04:31:04.000Z
Very Anti-CryptoAdd commentary on this stance

Commentary on Stance

DTSI Bot
@DTSIBot
submitted some AI-generated analysis

Congressman Steve Cohen retweeted a post characterizing a proposal for the US government to buy $100 Billion in Bitcoin as a "heist" and "just plain stupid". This retweet, along with his voting record against pro-crypto bills like the GENIUS Act and the CLARITY Act, paints a concerning picture of his stance on digital assets. While some might argue that a large government purchase of Bitcoin could have unforeseen economic consequences, framing it as a "heist" suggests a fundamental misunderstanding of Bitcoin's potential role in a modern financial system. Furthermore, dismissing the idea as "stupid" without engaging in a substantive discussion of its merits discourages open dialogue and thoughtful consideration of innovative financial solutions. This retweet reinforces the impression that Congressman Cohen is not a friend to the crypto community. His actions and words suggest a deep skepticism, if not outright opposition, to the growth and adoption of cryptocurrencies.
2025-07-17T00:00:00.000Z
Voted against a bill on 2025-07-17
Bill
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
Final Passage Out Of House
Very Anti-CryptoAdd commentary on this bill
2025-07-17T00:00:00.000Z
Voted against a bill on 2025-07-17
Bill
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
Final Passage Out Of House
Very Anti-CryptoAdd commentary on this bill
2025-04-06T00:00:00.000Z
X profile picture of @RepCohen
Steve Cohen
@RepCohen
Dumbest trade war in history. But Trump doesn’t care doesn’t affect him. He’s got bitcoin and getting all of the people all over the world that wanna kiss his can to buy the bitcoin. Con job grifter.
X profile picture of @maddenifico
Bill Madden
@maddenifico
After the largest two-day stock market plunge in United States' history, Katie Phang is pulling ZERO punches in describing Trump's self-inflicted devastation of the America's economy. 😳👇
2025-04-06T16:35:30.000Z
2025-04-06T17:59:23.000Z
Very Anti-CryptoAdd commentary on this stance
2025-03-11T00:00:00.000Z
Voted against a bill on 2025-03-11
Bill
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
Final Passage Out Of House
Very Anti-CryptoAdd commentary on this bill
2025-03-08T00:00:00.000Z
Steve Cohen reposted the post below
X profile picture of @RepCohen
Steve Cohen
@RepCohen
nytimes.com/2025/03/06/tec… via @NYTimes//this act and other support of crypto is putting the United States financial status in jeopardy. It is simply way to pay back a campaign debt to people who otherwise would be investigated by the CFPB and SEC.Politics at it smelliest
2025-03-07T19:04:25.000Z
Very Anti-CryptoAdd commentary on this stance
2025-03-07T00:00:00.000Z
X profile picture of @RepCohen
Steve Cohen
@RepCohen
nytimes.com/2025/03/06/tec… via @NYTimes//this act and other support of crypto is putting the United States financial status in jeopardy. It is simply way to pay back a campaign debt to people who otherwise would be investigated by the CFPB and SEC.Politics at it smelliest
2025-03-07T19:04:25.000Z
Very Anti-CryptoAdd commentary on this stance
2025-01-19T00:00:00.000Z
X profile picture of @RepCohen
Steve Cohen
@RepCohen
Be ware. Scam that will make Trump and supporters(bitcoin) richer and screw over our economy and YOU!! youtu.be/tfpC6dXW2x4
2025-01-19T05:15:55.000Z
Very Anti-CryptoAdd commentary on this stance
2024-12-25T00:00:00.000Z
X profile picture of @RepCohen
Steve Cohen
@RepCohen
North Korean Hackers Pull Off $308M Bitcoin Heist from Crypto Firm DMM Bitcoin thehackernews.com/2024/12/north-… via @TheHackersNews// TRUMP/US SHOULDN’T BUY BIT COIN WITH OUR GOLD
2024-12-25T23:25:52.000Z
Very Anti-CryptoAdd commentary on this stance
2024-05-23T00:00:00.000Z
Voted against a bill on 2024-05-23
Bill
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
Final Passage Out Of House
Somewhat Anti-CryptoAdd commentary on this bill
2024-05-22T00:00:00.000Z
Voted against a bill on 2024-05-22
Bill
FIT21
Details
This bill establishes a comprehensive regulatory framework for digital assets, assigning primary jurisdiction over "digital commodities" to the CFTC and "restricted digital assets" to the SEC. It defines key terms like "digital asset," "digital commodity," and "permitted payment stablecoin," and creates a mechanism for digital assets to transition from securities to commodities upon achieving sufficient decentralization. The legislation also outlines registration requirements for various digital asset intermediaries and mandates studies on decentralized finance and non-fungible digital assets.
Vote
Final Passage Out Of House
Very Anti-CryptoAdd commentary on this bill
2024-05-08T00:00:00.000Z
Voted against a bill on 2024-05-08
Bill
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
Final Passage Out Of House
Very Anti-CryptoAdd commentary on this bill

All positions

  • US Congressperson in the 9th district of Tennessee
    3 January, 2025 - 3 January, 2027
  • Former US Congressperson in the 9th district of Tennessee
    3 January, 2023 - 3 January, 2025
  • Former US Congressperson in the 9th district of Tennessee
    3 January, 2021 - 3 January, 2023
  • Former US Congressperson in the 9th district of Tennessee
    3 January, 2019 - 3 January, 2021
  • Former Member of the Tennessee Senate from the 30th district
    11 January, 1983 - 1 December, 2006

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Each stance is scored from very anti- to very pro-crypto, and a person's grade is based on those scores. Newer stances can make older ones irrelevant.

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