SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted against
Laphonza Butler
Democratic Senator from California
Notable statements
Digital Asset Anti-Money Laundering Act of 2023
This bill is very anti-crypto.
cosponsored
A tweet from @EleanorTerrett referenced Laphonza Butler
NEW: Rhode Island Senator @SenJackReed and California Senator @Senlaphonza have penned a letter to @GaryGensler asking for the agency to step in to ensure broker-dealers are giving investors the proper disclosures around the $BTC ETFs (which they say should be properly referred to as ETPs).
Reed also calls on the SEC to NOT approve other #crypto ETFs:
“While the bitcoin market has displayed serious weaknesses, it is nonetheless far more established and scrutinized than the market for any other cryptocurrency. However vulnerable bitcoin may be to fraud and manipulation, markets for other cryptocurrencies are far more exposed to misconduct. We do not believe that other cryptocurrencies show the trading volumes or integrity to support associated ETPs.”
Very anti-crypto