Congressman Shri Thanedar Votes to Unlock Innovation and Create a More Equitable Financial System
Washington, DC—Today, Congressman Shri Thanedar (MI-13) proudly voted for three bipartisan, pro-cryptocurrency bills: H.R. 3633, the CLARITY Act, S. 394, the GENIUS Act, and HR 1919, the Anti-CBDC Surveillance State Act. These bills provide a pro-innovation regulatory framework for digital markets and stablecoins, while providing important consumer protections and guaranteeing the constitutional right to financial privacy that every American enjoys.
"A quarter of the city of Detroit’s residents are either unbanked or underbanked. It is clear that the current financial system does not work for my constituents, and we need to support innovative solutions, such as cryptocurrency and blockchain technology. These innovations will allow more Americans to access the financial system, working to bridge that financial divide once and for all”, said Congressman Thanedar.
“While these bills are not perfect, and I am deeply concerned about President Trump’s use of cryptocurrency as a way to solicit bribes from foreign governments, we cannot let perfection be the enemy of the good. From adding important protections for consumers to implementing a strong regulatory framework, these bills will help keep crypto innovators in the United States and maintain America’s edge in emerging technology. I am grateful to the bipartisanship of our lawmakers who passed these bills through the House. I see this legislation as another step toward a more equitable financial system that meets the needs of all of my constituents and every American.”
Congressman Shri Thanedar proudly represents Michigan's 13th Congressional District, which includes Detroit, Downriver, and the Grosse Pointes. A champion for working families, Shri is committed to advancing economic opportunities, education, healthcare access, and entrepreneurship for underserved communities. Drawing on his journey from poverty to success, he works tirelessly to uplift Metro Detroit, ensuring every resident has the resources and support they need to thrive.
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