Last week, the House passed three pieces of cryptocurrency legislation with my support.
The bills include:
- H.R. 1919, the Anti-CBDC Surveillance State Act: This legislation blocks the Federal Reserve from directly or indirectly issuing a Central Bank Digital Currency (CBDC) to any individual, prevents the Federal Reserve from using a CBDC to implement monetary policy, and requires Congress to authorize the issuance of any CBDC in order to protect Americans’ financial privacy and freedom from government spying and control.
- H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act: This bill establishes a clear and functional regulatory framework for digital assets, clarifies the lines between the Commodity Futures Trading Commission’s (CFTC) jurisdiction over digital commodities and the Securities Exchange Commission’s (SEC) jurisdiction over digital assets, promotes innovation and strengthens the digital asset market, and implements strong consumer protections and accountability.
- S. 1582, the GENIUS Act: This legislation puts in place a clear regulatory framework for U.S. payment stablecoins, fostering innovation and growth, prioritizing protections for consumers, creating a significant source of demand for U.S. Treasuries, and ensuring the U.S. dollar remains the dominant global reserve currency.
Both the Anti-CBDC Surveillance State Act and the CLARITY Act will head to the Senate, while the GENIUS Act was signed into law by President Trump on Friday.
As you may know, my House Freedom Caucus colleagues and I were heavily involved in the correct advancement of these bills. We had concerns that without additional legislative guardrails, the GENIUS Act could lead to the creation of a Central Bank Digital Currency (CBDC), which gives the federal government unprecedented power to spy, track, and even control how Americans spend their money.
Thankfully, President Trump signed an Executive Order in January that prohibits federal agencies from undertaking any action to establish, issue, or promote CBDCs. Yet a future Democrat Administration could eliminate this critical safeguard with the stroke of a pen. In fact, the White House confirmed that President Trump supports codifying his executive action on this matter to avoid the future creation of a Central Bank Digital Currency.
Due to my concerns about potential future government overreach, I joined several of my conservative colleagues in opposing a procedural rule to allow these crypto bills to receive a vote on the House floor since no amendments were made in order to add anti-CBDC protections to the GENIUS Act. Spying on Americans through any means, especially their financial transactions, must never be tolerated. Later that night, we met with President Trump in the Oval Office to discuss the best path forward.
We secured an agreement from the White House and House Republican Leadership to both advance President Trump’s cryptocurrency agenda and protect the American people’s financial privacy. In short, we received a commitment to include strong anti-CBDC protections in the next must-pass bill, which is the FY26 National Defense Authorization Act. Due to this agreement, which puts our efforts to codify President Trump’s anti-CBDC Executive Order on the best path to become law, I ultimately voted in favor of both the procedural rule and the GENIUS Act.
Please know that I will always fight for your economic freedom, financial privacy, and individual liberty.
 
 
