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Ritchie Torres

Democratic Congressperson from New York, 15

Notable statements

profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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In the Howey case, the Supreme Court never held that orange groves in themselves are securities. It held that orange groves can be part of investment contracts, which are securities. Like orange groves, digital assets in themselves are not securities. Using the term “digital… x.com/i/web/status/1… pic.x.com/4ctocizcjb
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Very pro-crypto
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Ritchie Torres

@RepRitchie

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The term ‘digital asset security’ does not appear anywhere in any law enacted by Congress or in any rule promulgated by the SEC or in any decision rendered by the Supreme Court. It appears nowhere in the 2 million pages of the Federal Register. If it comes from neither statute… x.com/i/web/status/1… pic.x.com/ucsaczevou
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Very pro-crypto
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Ritchie Torres

@RepRitchie

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Today, I voted YES on #FIT21. It represents a bipartisan effort to regulate the digital assets industry, prevent the next FTX, safeguard consumers, cement the US as a global leader in finance and technology, and promote a secure, innovative, and inclusive financial future.
Very pro-crypto
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Ritchie Torres

@RepRitchie

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RT @blockchaintpsht: Interview: @RepRitchie Torres makes progressive case for digital assets.... today's tipsheet Read: https://t.co/N5zjU…
Very pro-crypto
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Ritchie Torres

@RepRitchie

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This afternoon, I will be participating in a @FSCDEMS Subcommittee hearing entitled “Crypto Crime in Context Part II: Examining Approaches to Combat Illicit Activity.” Watch here at 2 PM ⬇️https://t.co/jfsIJI62sI
Very pro-crypto
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Ritchie Torres

@RepRitchie

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I cross-examined @SECGov Chair Gary Gensler about the term 'investment contract', which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are deafening and damning. pic.twitter.com/EJcZEHiKGL
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Very pro-crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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Tune in -- I'm getting ready to join @Crypto_TownHall to talk about historic bipartisan legislation on digital asset regulatory framework and stablecoin technology that passed out of House Financial Services this week. twitter.com/scottmelker/st…
Very pro-crypto
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Ritchie Torres

@RepRitchie

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The status quo of crypto regulation by enforcement has failed retail customers. Einstein once said: “If we do the same thing over and over again and expect a different result, that’s the definition of insanity.” It’s time for Congress to bring sanity to crypto regulation. pic.twitter.com/bIBgd3iFqU
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Very pro-crypto
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Ritchie Torres

@RepRitchie

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🚨 Needless to say, regulating digital assets through enforcement only had a dreadful day in court last week. In the wake of the resounding decision out of the SDNY Ripple case, @SECGov must reassess its continued assault on the crypto industry. My letter to Chair Gensler: pic.twitter.com/MoANKeHKeJ
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Very pro-crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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Crypto regulation by enforcement had a dreadful day in court. In light of the SDNY’s landmark decision in the Ripple case, @SECGov must reassess its reckless regulatory assault on the crypto industry. My letter to Chair Gensler: pic.twitter.com/Mrk63N4KhH
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Very pro-crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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Judge Analisa Torres’s decision in the Ripple case establishes what I call the Torres Doctrine, rejecting @SECGov Chair Gary Genler’s indiscriminate assault on crypto. Digital assets aren’t securities in themselves but can be part of investment contracts, which are securities. twitter.com/decryptmedia/s…
Very pro-crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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As I pointed out during a @FSCDems hearing this week, members of Congress are elected by and accountable to the American people. We should be the ones deciding the future of regulating digital assets and other emerging technologies like cryptocurrency. Not unelected bureaucrats. pic.twitter.com/ZbbcNwlpp2
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Very pro-crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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📺 TUNE IN 📺 This afternoon, as a member of @FSCDems, I'm participating in a hearing examining the future of digital assets and the need to provide regulatory clarity for the digital asset ecosystem. Tune in starting at 2 p.m.: youtube.com/watch?v=Sq4-6d…
Very pro-crypto
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Ritchie Torres

@RepRitchie

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In April, as a member of @FSCDems, I pressed @SECGov Chair Gensler to be more aggressive about enforcement against offshore cryptocurrency companies. Today, the agency announced long overdue legal action against Binance and its founder/CEO. My statement: pic.twitter.com/ViRL1Lwdfi
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Somewhat anti-crypto
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Ritchie Torres

@RepRitchie

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The evidence is crystal clear -- state regulators like @NYDFS have been far more effective at regulating cryptocurrencies than federal regulators. Watch my questioning during yesterday's @FSCDems hearing aimed at developing a framework for stablecoin regulation and legislation. pic.twitter.com/9c6q0RwKEC
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Very pro-crypto
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Ritchie Torres

@RepRitchie

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📷 TUNE IN 📷 This morning, as a member of @FSCDems, I'm participating in the Digital Asset Subcommittee hearing on “Putting the ‘Stable’ in ‘Stablecoins:’ How Legislation Will Help Stablecoins Achieve Their Promise”. Watch live: youtube.com/watch?v=j9yNSG…
Very pro-crypto
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Ritchie Torres

@RepRitchie

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📺 TUNE IN 📷 This morning, as a member of @FSCDems, I'm participating in a joint hearing with @HouseAgDems on the "Future of Digital Assets: Measuring the Regulatory Gaps in the Digital Asset Market". Watch here: youtube.com/watch?v=gwJ1QA…
Very pro-crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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📺 TUNE IN 📺 This morning, as a member of @FSCDems, I’m participating in a subcommittee hearing aimed at strengthening our understanding the role of stablecoins in payments and the need for legislation. Watch: youtube.com/live/ti0CDUxTA…
Very pro-crypto
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Ritchie Torres

@RepRitchie

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“The power of crypto should and must be harnessed to create an alternate economy where individual innovators are no longer at the mercy of corporate rent-seekers.” My thoughts on the future of #cryptocurrency in @NYDailyNews oped 👇🏾nydailynews.com/opinion/ny-ope…X
Very pro-crypto
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Ritchie Torres

@RepRitchie

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Far from displacing the dollar, #Stablecoin has the potential to reinvigorate the U.S. dollar as the world’s reserve currency. The relationship between old money and new money could prove to be mutually beneficial. Recent @FSCDems #Crypto hearing 👇🏾pic.twitter.com/cjaDNBmoJ22
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Very pro-crypto
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Ritchie Torres

@RepRitchie

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#Crypto presents government with the challenge of enforcing the law in a world of decentralization. How do you enforce the law when there is no central entity against which to enforce the law? See the response from recent @FSCDems hearing on crypto 👇🏾pic.twitter.com/ey4m1dkf5PP
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Neutral on crypto
profile picture of Ritchie Torres

Ritchie Torres

@RepRitchie

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Immigrants often pay predatory fees to send remittances to loved ones abroad. #Crypto has the potential to create a better, cheaper, faster payment system. My mission is to make the crypto revolution work for the lowest-income Americans. @FSCDems hearing Q&A 👇🏾pic.twitter.com/9lBFhlLu211
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Very pro-crypto