CBDC Anti-Surveillance State Act
This bill is somewhat pro-crypto.
voted against
Brad Sherman
Democrat Congressperson from California, 32
Notable statements
FIT21
This bill is very pro-crypto.
voted against
SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted against
Brad Sherman
@BradSherman
If you're in need of a pair of shoes:
If you have a real currency, like the U.S. dollar, you can choose from tens of thousands of different shoes.
If you have an imaginary currency, like #Bitcoin, you are stuck wearing these. x.com/TheBlock__/sta…
Very anti-crypto
Brad Sherman
@BradSherman
This was #Trump before the #Bitcoin billionaire bros gave him millions.
Trump has sold out the dollar and America. And he knows it.
foxbusiness.com/markets/trump-…
Very anti-crypto
Brad Sherman
@BradSherman
"Among the ideas: having the government hold a stockpile of bitcoin..."
#Trump is promising to give billions of our tax dollars to #Crypto billionaires in return for a stash of bitcoins that might be worthless in a few years.
politico.com/news/2024/07/2…
Very anti-crypto
Brad Sherman
@BradSherman
#Trump in 2019: "I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity"
Trump today: sellout x.com/washpostbiz/st…
Very anti-crypto
Brad Sherman
@BradSherman
See my House Floor speech about #Trump's sellout to #Crypto billionaires 
https://t.co/E7PbjYycXH
https://t.co/E7PbjYycXHVery anti-crypto
Brad Sherman
@BradSherman
Today on the House Floor, I applauded @VP Harris for her decision not to join Former President Trump at the 2024 Bitcoin Billionaire Bro Conference and highlighted the absurdity of the thousands of #crypto tokens.
Watch
https://t.co/E7PbjYycXH
https://t.co/E7PbjYycXHVery anti-crypto
Brad Sherman
@BradSherman
President Biden vetoed a Republican attempt to restrict the #SEC from policing #cryptocurrency. But now, #Republicans are trying to override it.
Today, I spoke on the House Floor where I urged my colleagues to sustain President Biden's veto.
Watch https://t.co/oHngEWFOPA
https://t.co/oHngEWFOPA
Very anti-crypto
Brad Sherman
@BradSherman
Today at the @FSCDems Hearing with @SecYellen, I applauded the Admin. for reducing inflation and keeping unemployment low, implementing #DirectFile, and urged careful implementation of the #REPOAct, and stopping the use of #crypto for sanctions evasion.
Watch https://t.co/hQsf1y452b
https://t.co/hQsf1y452b
Very anti-crypto
Brad Sherman
@BradSherman
At today’s @FSCDems Capital Markets Hearing, I highlighted the inefficiency of #crypto trades, and applauded the #SEC for moving in the direction of increased transparency and efficiency in our stock market. pic.twitter.com/DUixJ8bpUQ
Very anti-crypto
Brad Sherman
@BradSherman
I spoke on the Floor of the House regarding #Crypto
Watch https://t.co/IrgDsZQXv0
https://t.co/IrgDsZQXv0
Very anti-crypto
Brad Sherman
@BradSherman
#Trump completes flip-flop on #Crypto. How much money did the #Bitcoin Billionaire Bros deliver?
msnbc.com/rachel-maddow-…
Very anti-crypto
Brad Sherman
@BradSherman
Per @PunchbowlNews, #Crypto billionaire bros are spending big so they can make more billions. There's no PAC dedicated to collecting taxes from billionaires, enforcing sanctions laws, stopping drug dealers/human traffickers or keeping the dollar the world’s reserve currency. 1/2 x.com/PunchbowlNews/…
Very anti-crypto
Brad Sherman
@BradSherman
At today’s @FSCDems Digital Assets hearing, I highlighted that the real intent of #tokenization is not to increase efficiency, but to avoid American laws and regulations.
See my remarks https://t.co/iOHdCirPXT
https://t.co/iOHdCirPXT
Very anti-crypto
Brad Sherman
@BradSherman
#Crypto advocates claim that #SamBankmanFried was just one snake in a crypto garden of Eden. As I’ve said before, crypto is a garden of snakes.
thetimes.com/uk/scotland/ar…
Very anti-crypto
Brad Sherman
@BradSherman
For years, billionaire #Crypto bros yelled not to touch crypto because it's so innovative. Now, #Crypto and the #GOP bring a bill to block innovation.
Why? Because the @FederalReserve may create a competing payment system with crypto.
See my House Floor speech https://t.co/aRFQsL81sG
https://t.co/aRFQsL81sG
Very anti-crypto
Brad Sherman
@BradSherman
Today, almost 2 months after #SBF was sentenced to 25 years in prison, @HouseGOP passed his dream bill -- a bill that deregulates #Crypto, drives a dagger into our $100 trillion capital markets, and eviscerates the #SEC’s authority to police the suites. pic.twitter.com/NR1DQdQMaU
Very anti-crypto
Brad Sherman
@BradSherman
Pleased to meet with @IRSnews Commissioner Werfel and Deputy Commissioner O’Donnell in my office to discuss the need to tax #Crypto transactions, move from #DirectFile to Pre-Population (where the IRS sends the taxpayer a draft of their return) ... (1/2) pic.twitter.com/TYezBGLpww
Very anti-crypto
Brad Sherman
@BradSherman
Today, at a roundtable discussion on #Crypto with @brockpierce, I emphasized the threats that #Cryptocurrency poses to our national security.
See my full remarks
https://t.co/PF6e5Q3CrZ
https://t.co/PF6e5Q3CrZVery anti-crypto
Brad Sherman
@BradSherman
Today, I spoke on the House Floor in opposition to yet another attempt to restrict the #SEC from policing #crypto.
#Crypto cries out for clarity, now they are here to abolish that clarity.
Watch https://t.co/iXjfhDTfJ5
https://t.co/iXjfhDTfJ5
Very anti-crypto
Brad Sherman
@BradSherman
As we honor those that fight crime in the streets, today's @FSCDems Capital Markets Subcommittee focused on the @SECGov's fight against crime in the suites - including enforcement actions for the #Crypto industry.
Watch my full remarks https://t.co/DANIeszBN7
https://t.co/DANIeszBN7
Very anti-crypto
Brad Sherman
@BradSherman
#Crypto billionaires claim that Sam Bankman-Fried #SBF was just one snake in the Crypto Garden of Eden. In fact, Crypto is a Garden of Snakes.
I’ve said it before and I’ll say it again, each time we see additional evidence. x.com/ABC/status/177…
Very anti-crypto
Brad Sherman
@BradSherman
The #crypto billionaires will claim that #SamBankmanFried was just one snake in a #crypto Garden of Eden. The fact is crypto is a garden of snakes.
I’ve said it before and I am saying it again. x.com/CNN/status/177…
Very anti-crypto
Brad Sherman
@BradSherman
At today’s @FSCDems Digital Assets Subcommittee hearing on #Crypto crime, I asked leaders of crypto companies to commit to preventing the use of crypto mixers, which aid criminals by obscuring the flow of crypto.
Unsurprisingly, not a single one agreed to.
Watch https://t.co/PjB4YBgGJH
https://t.co/PjB4YBgGJH
Very anti-crypto
Brad Sherman
@BradSherman
It was great to meet with @CFTC Chairman Behnam this morning.
We discussed the CFTC’s important work to ensure market integrity and protect consumers, especially by holding #Crypto criminals accountable.
Very anti-crypto
Brad Sherman
@BradSherman
Seems we’ve found another snake in the #Crypto Garden. Binance and Zhao are the latest. They won’t be the last. Especially if Zhao does not do any time.
Very anti-crypto
Brad Sherman
@BradSherman
(1/2) It shouldn’t come as a surprise when #crypto is used to cheat on taxes, evade American sanctions and, as we now see, to finance horrific acts of terror.
"Hamas Needed a New Way to Get Money From Iran. It Turned to Crypto" by @WSJ
https://t.co/3mPuQIcQHd
https://t.co/3mPuQIcQHdVery anti-crypto
Brad Sherman
@BradSherman
(2/2) #Cryptocurrency's purpose has always been clear, in fact it’s right there in its name: a form of hidden money.
Very anti-crypto
Brad Sherman
@BradSherman
Some will say that Sam Bankman-Fried is just one big snake in a #crypto Garden of Eden.
The fact is, crypto is a Garden of snakes.
We have found many other snakes in the crypto garden, and we will find many more. twitter.com/nbcnews/status…
Very anti-crypto
Brad Sherman
@BradSherman
I joined @CNBCTheExchange on @CNBC to discuss today's #FederalReserve meeting, the state of the economy, funding for #Israel, #Cryptocurency and the risks of a #GovernmentShutdown
Watch the full interview https://t.co/g5wNr9G5fl
https://t.co/g5wNr9G5fl
Very anti-crypto
Brad Sherman
@BradSherman
#Binance and #Tether, like #FTX and others before them, are not just a few snakes in a Crypto Garden of Eden. #Crypto is a garden of snakes.
"Bitcoin Senator Urges ‘Swift Action’ Against Binance, Tether for Links to Terrorist Groups"
https://t.co/tCv7V7n8kT
https://t.co/tCv7V7n8kTVery anti-crypto
Brad Sherman
@BradSherman
#Cryptocurrency literally means Hidden Money.
Hidden Money has driven House #Republicans for years.
It’s about time they elect an open advocate for the best technology to hide illegal campaign contributions and gifts. twitter.com/politico/statu…
Very anti-crypto
Brad Sherman
@BradSherman
Very anti-crypto
Brad Sherman
@BradSherman
(1/2) #Crypto is not the future of charitable giving in response to terrorist attacks, crypto is the future of terror financing.
"Hamas Militants Behind Israel Attack Raised Millions in Crypto" - @WSJ
https://t.co/ywkmceKfSr
https://t.co/ywkmceKfSrVery anti-crypto
Brad Sherman
@BradSherman
(2/2) #Crypto tries to cover its tracks:
As of 11:30 am, “Crypto Aid Israel” the fund created to send crypto to #Israelis affected by the terrorist attack, claims to have raised $75,000.
Very anti-crypto
Brad Sherman
@BradSherman
Billionaire #CryptoBros will say that #SBF was one snake in a #Crypto Garden of Eden.
In truth though, #Crypto is a garden of snakes.
While his ghost still roams the halls of Congress, today he faces justice.
#FTX twitter.com/CNBC/status/17…
Very anti-crypto
Brad Sherman
@BradSherman
The #CryptoBros are pushing the CBDC Anti-Surveillance State Act claiming it is Bipartisan.
Today's vote in @FSCDems:
20 #Democrats "No".
0 Democrats "Yes".
See my Committee speeches opposing the bill https://t.co/R11GTjUdWG
https://t.co/R11GTjUdWG
Very anti-crypto
Brad Sherman
@BradSherman
#Cryptocurrency means “hidden money” - its goal is right there in the name.
Pleased to see @USTreasury propose rules today that require #crypto platforms to report its customers transactions to the #IRS - a measure @RepLynch & I urged for earlier this summer.
See our letter https://t.co/qodazU14i1
https://t.co/qodazU14i1
Very anti-crypto
Brad Sherman
@BradSherman
Watch my remarks at yesterday’s @FSCDems Markup on a #cryptocurrency market structure bill dangerously designed to diminish the power of the #SEC to regulate #cryptocurrencies
https://t.co/32NGrvXUYN
https://t.co/32NGrvXUYNVery anti-crypto
Brad Sherman
@BradSherman
It was a pleasure to meet with @SECGov Chair @GaryGensler in my office this afternoon. We discussed a range of issues including Swing Pricing, #Crypto, #ESG Disclosures, and the SEC’s conflict of interest proposal. (1/2) pic.twitter.com/X6JRB87KQj
Very anti-crypto
Brad Sherman
@BradSherman
During the #SBF saga, I said the supporters of #crypto will say that Sam Bankman-Fried was just one snake in a crypto Garden of Eden. But in reality, crypto was a Garden of Snakes.
Since then, we seem to catch another snake every few weeks.
#Celsius
wsj.com/articles/crypt…
Very anti-crypto
Brad Sherman
@BradSherman
Very anti-crypto
Brad Sherman
@BradSherman
I joined @CNBC's @CNBCTheExchange to discuss the Fed interest rate decision, #Crypto, #AI and more.
Watch the full interview https://t.co/0PFeCRBRPQ
https://t.co/0PFeCRBRPQ
Very anti-crypto
Brad Sherman
@BradSherman
RT @CNBCTheExchange: Representative Brad Sherman of California joins in Washington to talk his views on the Fed, Banks, Crypto and AI. http…
Very anti-crypto
Brad Sherman
@BradSherman
See my questioning at Tuesday's @FSCDems hearing regarding #Crypto https://t.co/FkipffO1Z1
https://t.co/FkipffO1Z1
Very anti-crypto
Brad Sherman
@BradSherman
In today's @FSCDems hearing, I posed questions on #Crypto tax evaders, sanctions for ethnic cleansing by Amhara forces in #Tigray, why our tax system subsidizes investment in #China, and the need for #IMF to support rule of law in #Pakistan.
Watch https://t.co/FdHbV8C4KM
https://t.co/FdHbV8C4KM
Very anti-crypto
Brad Sherman
@BradSherman
The #Cryptocurrency industry has been a major source of tax evasion & a significant part of the nation's tax gap.
Today I, along with @RepStephenLynch, urged @USTreasury & #IRS to release proposed regulations that would bring the cryptocurrency industry into full tax compliance. pic.twitter.com/VgTlAzrOE4
Very anti-crypto
Brad Sherman
@BradSherman
(2/2) #CryptoBillionaireBros have a huge financial stake in promoting #Crypto, so they claim it's a transparent payment method, and drug criminals just don't know what they are doing.
Actions speak loudly. Self serving statements, not so much.
Very anti-crypto
Brad Sherman
@BradSherman
(1/2) #China fentanyl suppliers use #Crypto because they find the best way to hide from U.S. law enforcement.
foxbusiness.com/politics/suspe…
Very anti-crypto
Brad Sherman
@BradSherman
Joined @BloombergTV with @kaileyleinz and @mattmiller1973 to discuss the #DebtCeiling and #Crypto.
Watch the full interview https://t.co/zZMLvMBm6G
https://t.co/zZMLvMBm6G
Very anti-crypto
Brad Sherman
@BradSherman
RT @PopBase: Taylor Swift turned down a $100 million deal with crypto exchange company FTX after asking if they were selling ‘unregistered…
Very anti-crypto
Brad Sherman
@BradSherman
See my five minutes of questioning at today's @FSCDems hearing on #Stablecoin and #Crypto.
Rarely have I enjoyed participating in a hearing as much as this morning. pic.twitter.com/jp4BszUpLv
Very anti-crypto
Brad Sherman
@BradSherman
And he supports the popularization of #cryptocurrency, whose primary backers boast that it will partially displace the US dollar in international affairs. 2/3
Very anti-crypto
Brad Sherman
@BradSherman
Apparently the most famous expert in #crypto believed it was the best methodology to pay bribes.
reuters.com/legal/ftxs-ban…
Very anti-crypto
Brad Sherman
@BradSherman
I joined @BloombergTV to discuss the latest developments on the #DebtCeiling negotiations, the war in #Ukraine and #Crypto.
Watch the full interview https://t.co/UFp4SIKm9A
https://t.co/UFp4SIKm9A
Very anti-crypto
Brad Sherman
@BradSherman
Today on the House Floor, I spoke out against the outrageous #Republican plan to protect ultra-wealthy tax cheats by defunding the #IRS, and their support for #cryptocurrency, a tool for tax cheaters.
Watch my full speech https://t.co/uBEDDko0l9
https://t.co/uBEDDko0l9
Very anti-crypto
Brad Sherman
@BradSherman
I’m not sure an ankle bracelet can hold #SBF. He can get $250 million to post bail, and still have enough crypto to pay criminals to help him escape to a country which won't extradite. (1/2)
cnbc.com/2022/12/22/ftx…
Very anti-crypto
Brad Sherman
@BradSherman
RT @podcasts: "All the money and power is in the hands of crypto billionaire bros,” says House Financial Services Committee member Brad She…
Very anti-crypto
Brad Sherman
@BradSherman
RT @MeetThePress: WATCH: “Is there no positive thing that comes from Bitcoin?” @chucktodd asked Rep. Brad Sherman (D-Cali.)
@BradSherman:…
Very anti-crypto
Brad Sherman
@BradSherman
RT @davebriggstv: Rep. @BradSherman dropped a 
saying at a Congressional hearing: “The fact is crypto is a garden of 
s."
He then joined u…
saying at a Congressional hearing: “The fact is crypto is a garden of s."
He then joined u…Very anti-crypto
Brad Sherman
@BradSherman
RT @NewsNation: Sam Bankman-Fried's run as crypto king is continuing to crash as he now faces multiple charges. @LelandVittert speaks with…
Very anti-crypto
Brad Sherman
@BradSherman
At today's @FSCDems hearing on the #FTX collapse, I detailed the fundamental problems with crypto and why Congress must resist the crypto industry's lobbying efforts.
"You can't trash Sam Bankman-Fried and then pass his bill." #SBF_FTX pic.twitter.com/7EdVViOUe5
Very anti-crypto
Brad Sherman
@BradSherman
Crypto firms prefer the CFTC, and Mr. Bankman-Fried #SBF became a champion of this push. (1/2) #FTX
wsj.com/articles/ftxs-…
Very anti-crypto
Brad Sherman
@BradSherman
I joined @CNBCTheExchange on @CNBC to discuss the #FTX collapse and on what Congress can do to protect investors.
Also discussed how #Crypto could assist those evading taxes, bankruptcy courts and U.S. sanctions.
Watch the interview https://t.co/BlwijbwFBJ
https://t.co/BlwijbwFBJ
Very anti-crypto
Brad Sherman
@BradSherman
The collapse of #FTX, one of the largest cryptocurrency firms in the world, is a dramatic demonstration of both the inherent risks of digital assets and the critical weaknesses in the industry that has grown up around them.
Read my full statement
https://t.co/rcALYHoM2U
https://t.co/rcALYHoM2UVery anti-crypto
Brad Sherman
@BradSherman
.@FoxBusiness has it somewhat wrong. I often speak to SEC Chair Gary Gensler, sometimes about Crypto, but never regarding XRP. Only conversation I've had with an SEC official regarding XRP is testimony of Director Gurbir Grewal (1/2) twitter.com/CGasparino/sta…
Very anti-crypto
Brad Sherman
@BradSherman
Others chose to invest in crypto, whose proponents boast that it will disempower America, making it impossible to enforce sanctions and tax laws and reducing the dollar’s role as the reserve currency. (2/2)
Very anti-crypto
Brad Sherman
@BradSherman
Some say it’s crypto winter.
Perhaps it’s #CryptoIceAge.
Those who invest in American companies, build America. (1/2)
Very anti-crypto
Brad Sherman
@BradSherman
Today I spoke with Treasury Secretary @SecYellen on the importance of the U.S. government doing more to identify and prevent #Russia and its oligarchs from evading sanctions through the private securities market and cryptocurrency. See the exchange below:
youtube.com/watch?v=qxj66m…
Very anti-crypto
Brad Sherman
@BradSherman
Today I introduced the Russian Digital Asset Sanctions Compliance Act of 2022, the House companion to legislation recently introduced by @SenWarren. (1/2)
sherman.house.gov/media-center/p…
Very anti-crypto
Brad Sherman
@BradSherman
This legislation represents a significant step towards answering the Ukrainian government’s repeated calls for cryptocurrency exchanges to stop providing services for Russia-based cryptocurrency wallets. (2/2)
Very anti-crypto
Brad Sherman
@BradSherman
I may not agree with everyone in the crypto community, or the emerging mongoose community, on each aspect of financial services regulation. But all of us are united in our concern for the people of Kentucky. (1/2) twitter.com/mongoosecoinet…
Neutral on crypto
Brad Sherman
@BradSherman
Today, during an @FSCDems hearing, I highlighted the threats posed to Americans and the U.S. Financial system by #cryptocurrencies.
youtube.com/watch?v=bn4uIE…
Very anti-crypto
Quoted from twitter.com on May 9th, 2019
I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.
Very anti-crypto