Based on previous comments, Thom Tillis has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary Thom Tillis has made about crypto.
Fallen Servicemembers Religious Heritage Restoration Act
Details
This legislation prohibits the Federal Reserve from directly or indirectly issuing a Central Bank Digital Currency (CBDC) to individuals, maintaining accounts for individuals, or using a CBDC for monetary policy. It also bars the Federal Reserve Board of Governors from testing, developing, or implementing a CBDC without explicit authorization from Congress. Crucially, the bill carves out an exception for open, permissionless, and private dollar-denominated digital assets, ensuring that private stablecoins and decentralized cryptocurrencies are not restricted by these prohibitions.
Took stances on a bill between 2025-01-21T00:00:00.000Z and 2025-03-04T00:00:00.000Z
Bill Name
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".
Details
This joint resolution uses the Congressional Review Act to invalidate an Internal Revenue Service rule regarding tax reporting for digital asset transactions. The targeted rule requires a wide range of platforms to report gross proceeds as brokers. By blocking this regulation, the resolution aims to prevent the imposition of expansive tax reporting mandates on decentralized protocols, software developers, and other crypto intermediaries.
This legislation amends the Internal Revenue Code to allow taxpayers to index the cost basis of certain capital assets for inflation when calculating taxable capital gains or losses, provided the assets are held for more than three years. Crucially, the bill explicitly defines and includes "digital assets" as eligible "indexed assets" alongside common stock and tangible property.
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.
This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors. Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission (SEC), a state securities commission, or certain self-regulatory organizations.