Rep. Roy's Statement on Votes on Digital Assets Legislation

Washington, D.C. — Representative Chip Roy (TX-21) issued the following statement after the House passed S. 1582, the GENIUS Act, H.R. 3633, the CLARITY Act, H.R. 1919, and the Anti-CBDC Surveillance State Act:

"Today, House Republicans took a significant step forward to provide a market framework to ensure that Americans can innovate with cryptocurrencies.

I supported H.R. 3633, the CLARITY Act, to allow such innovation without fear of an uncertain regulatory environment.
 
I was most proud to support H.R. 1919, the Anti-CBDC Surveillance State Act – which will guarantee that Central Bank Digital Currencies (CBDC’s) are not permitted in the United States. CBDC’s would represent a radical attack on the privacy of Americans and would allow government and financial institutional unchecked power over our bank accounts, and importantly, our freedom to purchase and move about unimpeded by government surveillance. No government power should be able to limit the ability of a citizen to transact pre-emotive lay based on the policy whims of any particular party in power. The Senate should pass this and send it to the President’s desk immediately.
 
Regrettably, I opposed S. 1582, the GENIUS Act because it was passed without the necessary protections to prevent Central Bank Digital Currencies, and I do not believe we should proceed with building out the necessary structures for stable coin or the development of market structures (CLARITY) without the protection against CBDC.
 
Innovation and prosperity is important – but freedom is the centerpiece of both. We should demand freedom first."