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Brad Sherman

Democrat Congressperson from California, 32

Notable statements

profile picture of Brad Sherman

Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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#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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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(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
Very anti-crypto
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Brad Sherman

@BradSherman

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(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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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#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
Very anti-crypto
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Brad Sherman

@BradSherman

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#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
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Brad Sherman

@BradSherman

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(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
Very anti-crypto
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Brad Sherman

@BradSherman

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(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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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#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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
profile picture of Brad Sherman

Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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I joined @CNBC's @CNBCTheExchange to discuss the Fed interest rate decision, #Crypto, #AI and more. Watch the full interview ⬇️ https://t.co/0PFeCRBRPQ
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
profile picture of Brad Sherman

Brad Sherman

@BradSherman

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(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
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Brad Sherman

@BradSherman

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Joined @BloombergTV with @kaileyleinz and @mattmiller1973 to discuss the #DebtCeiling and #Crypto. Watch the full interview ⬇️ https://t.co/zZMLvMBm6G
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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RT @MeetThePress: WATCH: “Is there no positive thing that comes from Bitcoin?” @chucktodd asked Rep. Brad Sherman (D-Cali.) @BradSherman:…
Very anti-crypto
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Brad Sherman

@BradSherman

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RT @davebriggstv: Rep. @BradSherman dropped a 💣 saying at a Congressional hearing: “The fact is crypto is a garden of 🐍s." He then joined u…
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Very anti-crypto
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Brad Sherman

@BradSherman

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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
Very anti-crypto
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Brad Sherman

@BradSherman

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.@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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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Some say it’s crypto winter. Perhaps it’s #CryptoIceAge. Those who invest in American companies, build America. (1/2)
Very anti-crypto
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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Brad Sherman

@BradSherman

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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
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