GENIUS Act
This bill is very pro-crypto.
Dick Durbin
Democratic Senator from Illinois
Strongly against crypto
Based on 34 statements and 5 votes.
Vote History
Key Cloture Vote
May 20, 2025 - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
voted against
Final passage out of Senate
June 17, 2025
voted against
S.J. Res 3
This bill is very pro-crypto.
Final passage out of Senate
March 4, 2025
voted against
SAB 121 House Joint Resolution
This bill is very pro-crypto.
Final passage out of Senate
May 16, 2024
voted against
Digital Asset Anti-Money Laundering Act of 2023
This bill is very anti-crypto.
Introduced in House
September 14, 2023
cosponsored
Statements
Dick Durbin
@SenatorDurbin
Crypto investments lack transparency and are far too volatile to serve as retirement investment tools.
The President's executive order will jeopardize Americans’ hard-earned retirement savings.
Hard-working Americans deserve retirement security. pic.x.com/rpIEZXtnow
Very anti-crypto
Dick Durbin
@SenatorDurbin
NEWS: In 2024, Americans lost $246.7 million to crypto ATM scams. The U.S. Department of Treasury’s FinCEN has issued a notice urging financial institutions to report and remain vigilant of all suspicious activity related to crypto ATMs, including fraud and scams against seniors. x.com/FinCENnews/sta…
Very anti-crypto
Dick Durbin
@SenatorDurbin
President Trump made $315 MILLION in fees by selling his worthless memecoin while 764,000 investors lost money.
We need guardrails to protect consumers on any crypto market structure bill, not loopholes that allow the President to profit millions from hardworking Americans. pic.x.com/NwPd0NF5oT
Very anti-crypto
Dick Durbin
@SenatorDurbin
In 2024 alone, Americans lost $250 million from crypto ATM scams.
And the stories are heartbreaking.
Any crypto market structure bill should include my Crypto ATM Fraud Prevention Act, which would protect American consumers from these schemes. pic.x.com/1Sni73jDEV
Very anti-crypto
Dick Durbin
@SenatorDurbin
Republicans voted against protecting American consumers from big corporations and crypto scams.
Once again, Billionaires win, families lose.
Very anti-crypto
Dick Durbin
@SenatorDurbin
Crypto ATMs aren’t being “exploited” to facilitate fraud. Fraud is almost all they’re used for.
Scammers are targeting elderly Americans, sometimes wiping out their entire savings.
We must regulate crypto, and I’m saying so in Committee right now.
Very anti-crypto
Dick Durbin
@SenatorDurbin
Today, I voted NO on the GENIUS Act.
With no amendment process, this bill will allow crypto ATM scams to continue at the expense of unsuspecting Americans. Conveniently, it also allows the President and his family to continue owning, issuing, and profiting off of stablecoins.
Very anti-crypto
Dick Durbin
@SenatorDurbin
BREAKING: I sent a letter to the Department of Labor urging them to bring back guidance warning of the risks of offering cryptocurrency in employees’ 401(k) plans.
Americans deserve security so they can retire with dignity.
Very anti-crypto
Dick Durbin
@SenatorDurbin
I’m on the Senate floor pushing for a vote on my Crypto ATM amendment to protect Americans from crypto ATM fraud. Watch. x.com/i/broadcasts/1…
Very anti-crypto
Dick Durbin
@SenatorDurbin
Crypto ATM scams harm thousands of Americans, especially seniors, and cheat them out of their life savings.
I joined @CitizenActionIL and @SEIUhciimk today to discuss my amendment to help prevent crypto ATM fraud and empower law enforcement to better prevent these scams. pic.x.com/JI4HPwci5m
Very anti-crypto
Dick Durbin
@SenatorDurbin
I have officially filed my amendment to the GENIUS Act to help prevent scammers from stealing Americans’ savings through crypto ATM schemes.
These scams have harmed thousands of Americans & cheated them out of their life savings. Enough is enough. I urge my colleagues to support my amendment.
Very anti-crypto
Dick Durbin
@SenatorDurbin
Congress must crack down on crypto ATM scams.
My amendment to the GENIUS Act would do just that by providing commonsense guardrails to stop scammers in their tracks and protect hardworking Americans & their life savings. pic.x.com/rzzfOz8iY1
Very anti-crypto
Dick Durbin
@SenatorDurbin
Instituting oversight and regulations on cryptocurrency is necessary to protect consumers.
I met with Brian Quintenz, nominee to be Chairman of CFTC, to discuss putting American consumers first and ensure that the digital asset market plays fair, should he be confirmed.
Very anti-crypto
Dick Durbin
@SenatorDurbin
I’m on the Senate floor announcing new legislation—my Crypto ATM Fraud Prevention Act—to help stop fraud at crypto ATMs. Watch. x.com/i/broadcasts/1…
Very anti-crypto
Dick Durbin
@SenatorDurbin
A bogus fraudster scammed an Illinoisan out of $15,000+ by pretending to be a sheriff’s deputy and convincing him to use a crypto ATM.
There’s a bill to protect people from these scams… my Crypto ATM Fraud Prevention Act.
Very anti-crypto
Dick Durbin
@SenatorDurbin
Criminals used crypto ATMs to cheat victims out of $114 MILLION in 2023 alone… and many victims are senior citizens.
Congress needs to put common-sense guardrails on the industry, and I just introduced a bill to do so.
Very anti-crypto
Dick Durbin
@SenatorDurbin
The Crypto ATM Fraud Prevention Act is commonsense, informing consumers about scams and empowering law enforcement to fight fraud.
No one should be cheated out of thousands of dollars by a scammer urging the use of unregulated crypto ATMs.
Very anti-crypto
Dick Durbin
@SenatorDurbin
I’m on the Senate floor outlining actions needed to protect Americans from Bitcoin ATM scams. We need safeguards to ensure everyday Americans don’t fall victim to this malice. Watch. x.com/i/broadcasts/1…
Very anti-crypto
Dick Durbin
@SenatorDurbin
I just told the ten largest Bitcoin ATM companies that it’s time to take action to stop scams against the elderly.
Very anti-crypto
Dick Durbin
@SenatorDurbin
Criminals are contacting, threatening, and coercing elderly Americans into depositing large sums of money into criminals’ crypto wallets using Bitcoin ATMs.
We’re telling those companies: it’s time to stop this. pic.x.com/Hbc7MzINkR
Very anti-crypto
Dick Durbin
@SenatorDurbin
There's a long list of outrages in the crypto industry—including celebrity endorsers, billions spent on stadium naming rights, and phony tokens—all to gain misguided credibility with everyday Americans.
My remarks in today's Approps Subcommittee hearing on the risks of crypto: pic.x.com/vWaDx113Nq
Very anti-crypto
Dick Durbin
@SenatorDurbin
Deputy Secretary Su understands the ins and outs of a successful DOL. Today, we discussed a range of issues, including strengthening our workforce, concerns with crypto, and troubling reports of child labor exploitation. If she is confirmed, I look forward to working with her. pic.x.com/LSAPfLkWVC
Very anti-crypto
Dick Durbin
@SenatorDurbin
I’m speaking live on the Senate floor in honor of National Public Defender Day and the 60th anniversary of the Supreme Court’s ruling in Gideon v. Wainwright. I will also discuss the collapse of Silicon Valley Bank and the need to properly regulate crypto. x.com/i/broadcasts/1…
Very anti-crypto
Dick Durbin
@SenatorDurbin
Hardworking Americans save for years to retire in dignity. These families deserve better than to have their life savings subjected to the uncertainty and volatility of crypto. I urged @USDOL to investigate retirement plans that offer investments in crypto. pic.x.com/EaXVufAWj0
Very anti-crypto
Dick Durbin
@SenatorDurbin
Invest in crypto-mania and you'll be in a world of pure imagination. The FTX collapse was not an anomaly. Crypto is a dangerous investment and our government must do a better job at regulating this reckless, volatile, and foolish asset.
Very anti-crypto
Dick Durbin
@SenatorDurbin
Cryptocurrency rips off hardworking Americans to the tune of billions of dollars. It is abundantly clear that when it comes to crypto, we need real cops on the beat. pic.x.com/qwGWZfe3Pf
Very anti-crypto
Dick Durbin
@SenatorDurbin
Hardworking Americans deserve better than the Ponzi schemes and endless volatility that characterize the crypto industry. I'm speaking on the Senate floor about the risks and predatory nature of crypto. Tune in: x.com/i/broadcasts/1…
Very anti-crypto
Dick Durbin
@SenatorDurbin
The implosion of FTX has shown that we must provide financial regulators with adequate resources to effectively regulate the crypto industry. Hardworking Americans who invest in crypto should receive the same protections as traditional financial products. durbin.senate.gov/newsroom/press…
Very anti-crypto
Dick Durbin
@SenatorDurbin
I’m speaking live on the Senate floor about the collapse of FTX and the risks of cryptocurrencies. x.com/i/broadcasts/1…
Very anti-crypto
Quoted from www.durbin.senate.gov on Nov 21st, 2022
The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems. The industry is full of charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors promoting financial products with little to no transparency. As a result, the ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of Bitcoin and other digital assets.
Very anti-crypto
Dick Durbin
@SenatorDurbin
The implosion of FTX has made it clear that the digital asset industry has serious problems. I joined @SenWarren & @SenTinaSmith to urge Fidelity to do what is best & reconsider its decision to expose retirement accounts & employer-sponsored plans to these volatile assets. pic.x.com/qQn4PF80AP
Very anti-crypto
Dick Durbin
@SenatorDurbin
Mr. Bankman-Fried will be Exhibit A in the Crypto Crash story. His “billionaire-to-bankrupt” plunge is fair warning that the crypto hype is too good to be true. cnn.com/2022/11/17/inv…
Very anti-crypto
Dick Durbin
@SenatorDurbin
We should all agree that workplace retirement accounts are no place to gamble. Yet .@Fidelity, one of the largest 401(k) providers, wants to give plan sponsors the ability to expose plan participants to Bitcoin, a highly volatile and unregulated digital asset.
Very anti-crypto
Dick Durbin
@SenatorDurbin
It’s time to learn the truth about crypto. Let’s start with the obscene amounts of electricity needed to mine Bitcoin and other cryptocurrencies. Families and businesses in America will pay the price for crypto’s mining ventures.
Very anti-crypto