Josh Gottheimer
@RepJoshG
WATCH: After the collapse and bankruptcy of crypto exchange FTX, I questioned FTX CEO John Ray to get to the bottom of what led to this egregious failure.
youtu.be/U4w8rQrLpgw
Josh Gottheimer
Democrat Congressperson from New Jersey, 5
Notable statements
Very pro-crypto
Josh Gottheimer
@RepJoshG
The SEC has not proposed a single rule to create guardrails for digital assets and has done a haphazard job of overseeing the space. The result has been a lack of certainty and clear rules of the road. They failed to do their job, and they failed to protect consumers.
Very pro-crypto
Josh Gottheimer
@RepJoshG
For years, I’ve been calling on regulators to step up and create clear guardrails for digital assets to protect consumers.
Very pro-crypto
Josh Gottheimer
@RepJoshG
Started the week in Mahwah at Ramapo College where I held a roundtable with CFTC Chairman Rostin Behnam and leaders from the financial and crypto industries to discuss how the rapid development of crypto and fintech is changing the financial industry,
Very pro-crypto
Josh Gottheimer
@RepJoshG
There are several proposals that could move the ball forward for digital assets, including a new House Financial Services stablecoins bill. There are still details we have to work out, but I’m bullish on the bill and want to move forward on a strong and effective bipartisan bill.
Very pro-crypto
Josh Gottheimer
@RepJoshG
Today, I held a roundtable with @CFTC Chairman Rostin Behnam and leaders from the financial and crypto industries to discuss how the rapid development of crypto and fintech is changing the financial industry, and steps we’re taking to bring more certainty to the digital economy. pic.twitter.com/ojAxx1vsQl
Very pro-crypto
Josh Gottheimer
@RepJoshG
That’s why I’ve developed legislation, the Stablecoin Innovation and Protection Act, that would create guardrails for stablecoins and ensure that they are all backed one-to-one with cash or equivalents to help protect consumers and investors.
Very pro-crypto
Josh Gottheimer
@RepJoshG
Terrorists take advantage of crypto to finance their crimes and we need modern tools to stop bad actors.
I proposed legislation to invest in better blockchain analysis tools and training for the @Treasury’s Office of Terrorism and Financial Intelligence.
coindesk.com/policy/2022/07…
Very pro-crypto
Josh Gottheimer
@RepJoshG
The Office of Terrorism and Financial Intelligence has repeatedly asked for resources and it's high time we invest in protections against crypto-related crime and cybercrime. We can't wait for the next ransomware attack or allow terrorists to finance their attacks with crypto.
Very pro-crypto
Josh Gottheimer
@RepJoshG
RT @kevinolearytv: I support any leader that wants to bring regulation to stablecoins. That’s the only path to making them a viable option…
Very pro-crypto
Josh Gottheimer
@RepJoshG
Watch @SquawkCNBC where I discuss how my new bipartisan #stablecoin legislation can help boost innovation, prevent a run on the crypto market, and protect consumers.
youtube.com/watch?v=2ZYq8y…
youtube.com/watch?v=2ZYq8y…Very pro-crypto
Josh Gottheimer
@RepJoshG
For crypto to thrive here in the U.S. instead of overseas, we must provide more certainty & the right guardrails to boost innovation & protect consumers.
That's why I unveiled the Stablecoin Innovation & Protection Act to define qualified stablecoins.
https://t.co/KH3DdRZRIG
https://t.co/KH3DdRZRIGVery pro-crypto
Josh Gottheimer
@RepJoshG
RT @CodyCarboneDC: @RepJoshG "I believe digital assets have the potential to revolutionize the way we do business around the globe."
He a…
Very pro-crypto
Josh Gottheimer
@RepJoshG
We need qualified & defined stablecoins backed by the U.S. dollar or equivalents to help boost innovation, protect consumers, and prevent runs on the market. My stablecoin legislation will do just that.
Very pro-crypto
Josh Gottheimer
@RepJoshG
Joined @SquawkCNBC this morning to talk about how my new stablecoin legislation can help prevent a run on the crypto market which hurts consumers.
cnbc.com/video/2022/05/…
Very pro-crypto
Josh Gottheimer
@RepJoshG
RT @SBF_FTX: 100% agree--let's bring audits with oversight to stablecoins, so we can protect consumers and give clarity to the industry.
Very pro-crypto
Josh Gottheimer
@RepJoshG
RT @SquawkCNBC: "It's crazy right now that you can actually develop a stablecoin and have it not be backed by anything," says @RepJoshG on…
Very pro-crypto
Josh Gottheimer
@RepJoshG
During a Financial Services Committee hearing, I asked the Acting Director of the Financial Crimes Enforcement Network about the agency's anti-money laundering & counterterrorism financing efforts, including what’s preventing bad actors from utilizing crypto as a finance tool.
pic.twitter.com/pTSpKFxXEe
pic.twitter.com/pTSpKFxXEe
Very pro-crypto
Josh Gottheimer
@RepJoshG
RT @SenJackReed: .@USTreasury is sanctioning Russia-based crypto platforms that are hotbeds of illicit activity & facilitate sales of ranso…
Very pro-crypto
Josh Gottheimer
@RepJoshG
Learn about how I’m securing our nation's future in cryptocurrencies like stablecoins
ft.com/content/29f329…
ft.com/content/29f329…Very pro-crypto
Josh Gottheimer
@RepJoshG
Crypto offers untapped potential for our nation and our economy. But for them to grow and thrive in the U.S., instead of overseas, we need to lay the foundation with commonsense & bipartisan direction for the marketplace, helping drive innovation while keeping Americans safe.
Very pro-crypto
Josh Gottheimer
@RepJoshG
Crypto offers tremendous potential for our economy. But for it to grow and thrive here in the U.S., instead of overseas, we must provide more direction and certainty to the marketplace to help boost innovation and protect consumers.
Watch for more
cheddar.com/media/n-j-rep-…
cheddar.com/media/n-j-rep-…Very pro-crypto
Josh Gottheimer
@RepJoshG
It’s critical that we understand how stablecoins are backed. Currently, we don’t have appropriate insight into what assets are behind Tether or whether it could withstand a run on USDT.
Very pro-crypto
Josh Gottheimer
@RepJoshG
That’s why I’ve written to Secretary Yellen with my concerns and why I unveiled the Stablecoin Innovation and Protection Act — to require the reserve assets of stablecoin issuers to be appropriately audited. politico.com/newsletters/mo…
Very pro-crypto
Josh Gottheimer
@RepJoshG
From the cryptocurrencies to our federal leaders, there’s agreement that well-crafted #stablecoin legislation will help protect consumers and support ongoing innovation here in the U.S.
forbes.com/sites/jasonbre…
Very pro-crypto
Josh Gottheimer
@RepJoshG
Learn why my new #stablecoin legislation has support from crypto and how it protects Americans and drives innovation 
Very pro-crypto
Josh Gottheimer
@RepJoshG
RT @BlockchainAssn: 
@RepJoshG’s bill represents the most well-thought-out stablecoin legislation we’ve seen. @BlockchainAssn looks forwar…
@RepJoshG’s bill represents the most well-thought-out stablecoin legislation we’ve seen. @BlockchainAssn looks forwar…Very pro-crypto
Josh Gottheimer
@RepJoshG
Appreciate the comments from Nellie Liang, the Undersecretary for Domestic Finance, on my new stablecoin legislation.
For America to be at the forefront of cryptocurrencies, we need to put in place a system that the world can trust.
finance.yahoo.com/news/stablecoi…
Very pro-crypto
Josh Gottheimer
@RepJoshG
For cryptocurrency to thrive here in the US, instead of overseas, we must provide more certainty to help boost innovation & protect consumers.
That's why I’m releasing the Stablecoin Innovation and Protection Act to define qualified stablecoins.
https://t.co/J96VZQqSli
https://t.co/J96VZQqSliVery pro-crypto
Josh Gottheimer
@RepJoshG
RT @SBF_FTX: exciting to see moves by @RepJoshG and others to regulate and license stablecoins by ensuring that they are backed 1:1.
Stabl…
Very pro-crypto
Josh Gottheimer
@RepJoshG
RT @Brett_FTXUS: A common-sense regulatory framework would help ensure the continued growth of private USD stablecoins, and solidify USD d…
Very pro-crypto
Josh Gottheimer
@RepJoshG
Cryptocurrency is here to stay.
That's why it’s critical that we put the necessary guardrails in place to allow the industry to grow — and why I'm working on a stablecoins bill that will do exactly that.
politico.com/news/2022/02/0…
Neutral on crypto
Josh Gottheimer
@RepJoshG
RT @Zachary: Upcoming @RepJoshG bill would require stablecoin issuers to be banks or partner with banks. He says in an interview that he do…
Somewhat anti-crypto
Josh Gottheimer
@RepJoshG
As a founding member of the @FSCDems Digital Assets Working Group, I look forward to working with my colleagues to ensure that there is responsible and secure innovation in cryptocurrency & #fintech. twitter.com/FSCDems/status…
Neutral on crypto