Does Thom Tillis Support Crypto?

Add your own commentary on this bill

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 Pro-Crypto

Voted for - 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 Pro-Crypto

Voted for - 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 Pro-Crypto

Voted for - Final Passage Out Of Senate

Senator Thom Tillis

@SenThomTillis

The same Democrats who helped write and negotiate the bipartisan GENIUS Act stablecoin bill just voted against advancing it. They keep moving the goalposts instead of doing what they know is needed to ensure America remains on the cutting edge of financial innovation.

Senate Cloakroom

@SenateCloakroom

Not invoked, 48-49: Motion to invoke cloture on the motion to proceed to Cal. #66, S.1582, GENIUS Act.

2025-05-08T18:26:32.000Z

2025-05-08T21:24:22.000Z

Add your own commentary on this bill

Took stances on a bill between 2025-01-21T00:00:00.000Z and 2025-03-04T00:00:00.000Z

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".

Timeline

2025-01-21

Very Pro-Crypto

Cosponsored

2025-03-04

Very Pro-Crypto

Voted for - Final Passage Out Of Senate

Voted for 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

Thom Tillis reposted the post below

Bipartisan Policy Center Action

@BPCAction

Bipartisanship is essential for passage of any legislation to regulate cryptocurrency. Hear from @SenatorHick and @SenThomTillis on the path ahead for Congress. bipartisanpolicy.org/event/crypto-c…

2023-03-20T17:12:03.000Z

Thom Tillis reposted the post below

Bipartisan Policy Center

@BPC_Bipartisan

15 minute reminder: @p_mastrangelo sits down with @SenatorHick and @SenThomTillis on cryptocurrency, blockchain technology, and how a divided Congress could navigate the future of regulation. Use #BPCLive to join the conversation. bpcdc.org/3IO8zJA

2023-03-15T17:45:04.000Z