SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted against
United States / New York / NY Congressional District 7
NY Congressional District 7
Nydia Velázquez statements on crypto
Nydia Velázquez
@NydiaVelazquez
Act 60 has helped turn PR into a haven where crypto investors can skirt capital gains taxes while worsening inequality on the island.
This bill could exacerbate this trend.
We need stronger federal regulations for stablecoin issuers in high-risk areas.
elnuevodia.com/corresponsalia…
Neutral on crypto
Nydia Velázquez
@NydiaVelazquez
The GOP stablecoin bill allows each state and territory to create its own regulatory regime.
This could lead to abuse in places designated as high-intensity financial crime areas like Puerto Rico.
I appreciate Chair @PatrickMcHenry's commitment to work with me to fix this! pic.twitter.com/3tij4viC0U
Neutral on crypto
Paid for by Stand with Crypto Alliance, Inc. Political Action Committee. Not authorized by any candidate or candidate’s committee. 302-566-8028.