SAB 121 House Joint Resolution
This bill is very pro-crypto.
voted for
Ritchie Torres
Democratic Congressperson from New York, 15
Notable statements
FIT21
This bill is very pro-crypto.
cosponsored
Uniform Treatment of Custodial Assets Act
This bill is very pro-crypto.
cosponsored
Ritchie Torres
@RepRitchie
RT @DecryptMedia: Congressmen Push for 'Crucial' NFT Protections in Revised Crypto Bill
► decrypt.co/304760/congres… decrypt.co/304760/congres…
Very pro-crypto
Ritchie Torres
@RepRitchie
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 ax.com/i/web/status/1…epic.x.com/4ctocIZCJbsurd as using the term “orange grove securities.”
Very pro-crypto
Ritchie Torres
@RepRitchie
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 nx.com/i/web/status/1…spic.x.com/ucSaCzEvOUC invented the term out of thin air.
Very pro-crypto
Ritchie Torres
@RepRitchie
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
Ritchie Torres
@RepRitchie
RT @blockchaintpsht: Interview: @RepRitchie Torres makes progressive case for digital assets.... today's tipsheet
Read: https://t.co/N5zjU…
Very pro-crypto
Ritchie Torres
@RepRitchie
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
https://t.co/jfsIJI62sIVery pro-crypto
Ritchie Torres
@RepRitchie
During todays @FSCDems hearing, I questioned @SecYellen on New York Community Bank, banking regulation, stablecoins, and China.
Watch here.youtu.be/ABPzW5uaM34
Very pro-crypto
Ritchie Torres
@RepRitchie
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.x.com/EJcZEHiKGL
Very pro-crypto
Ritchie Torres
@RepRitchie
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. x.com/scottmelker/st…
Very pro-crypto
Ritchie Torres
@RepRitchie
TUNE IN
Watch live as I participate in a @FSCDems markup on legislation establishing regulatory framework for digital assets.
youtu.be/wCqqBLMboOcVery pro-crypto
Ritchie Torres
@RepRitchie
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.x.com/bIBgd3iFqU
Very pro-crypto
Ritchie Torres
@RepRitchie
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.x.com/MoANKeHKeJ
Very pro-crypto
Ritchie Torres
@RepRitchie
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.x.com/Mrk63N4KhH
Very pro-crypto
Ritchie Torres
@RepRitchie
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. x.com/DecryptMedia/s…
Very pro-crypto
Ritchie Torres
@RepRitchie
Worth noting the judge's last name in this first-of-its-kind case today out of the Southern District of New York.
Never met a Torres who was wrong on crypto.
reuters.com/legal/us-judge…
Very pro-crypto
Ritchie Torres
@RepRitchie
@SECGov is acting like an overzealous traffic cop arbitrarily ticketing drivers while keeping the speed limit a secret.
It prefers to communicate by enforcement rather than by rules or guidance. But that's no way to regulate digital assets.
I'm calling for an investigation. pic.x.com/n0hijAREDC x.com/ForbesCrypto/s…
Very pro-crypto
Ritchie Torres
@RepRitchie
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.x.com/ZbbcNwlpp2
Very pro-crypto
Ritchie Torres
@RepRitchie
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
Ritchie Torres
@RepRitchie
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.x.com/ViRL1Lwdfi
Somewhat anti-crypto
Ritchie Torres
@RepRitchie
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.x.com/9c6q0RwKEC
Very pro-crypto
Ritchie Torres
@RepRitchie
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
Ritchie Torres
@RepRitchie
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
Ritchie Torres
@RepRitchie
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
Ritchie Torres
@RepRitchie
WATCH LIVE
Right now, I'm taking part in a hearing of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion
youtube.com/watch?v=aOUUy4…Very pro-crypto
Ritchie Torres
@RepRitchie
“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
nydailynews.com/opinion/ny-ope…XVery pro-crypto
Ritchie Torres
@RepRitchie
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.x.com/cjaDNBmoJ22
pic.x.com/cjaDNBmoJ22
Very pro-crypto
Ritchie Torres
@RepRitchie
#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.x.com/ey4m1dkf5PP
pic.x.com/ey4m1dkf5PP
Neutral on crypto
Ritchie Torres
@RepRitchie
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.x.com/9lBFhlLu211
pic.x.com/9lBFhlLu211
Very pro-crypto