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Eric Swalwell

Eric Swalwell (D)

Crypto Sentiment

Very supportive




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Notable statements

Rep. Eric Swalwell has 1 statement(s) about crypto.

"The lights are flashing red. #Ransomware attacks like the #Kaseya attack threaten critical infrastructure, small businesses & national security. Congress must look into attack reporting, crypto’s role, and gov’t software security—then take swift action."

@RepSwalwell July 3, 2021 on Twitter

Crypto bill sponsorship

Rep. Eric Swalwell has put out 4 crypto bills.

National R & D Strategy for Distributed Ledger Technology Act of 2022

H.R. 8065

117th Congress

Bill pending

To authorize the development of a national strategy for the research and development of distributed ledger technologies and their applications, to authorize awards to support research on distributed ledger technologies and their applications, and to authorize an applied research project on distributed ledger technologies in commerce.

Keep Innovation in America Act

H.R. 6006

117th Congress

Bill pending

This bill expands the definition of broker, for purposes of tax information reporting, to include any person who (for consideration) stands ready in the ordinary course of a trade or business to effect sales of digital assets at the direction of their customers. It also provides for reporting requirements for digital assets (i.e., any digital representation of value that is recorded on a cryptographically secured distributed ledger).

The bill requires a study and a report on the treatment of digital assets as cash for purposes of reporting requirements for cash payments of more than $10,000.

Digital Commodity Exchange Act of 2022

H.R. 7614

117th Congress

Bill pending

This bill allows for the regulation and registration of digital commodity exchanges subject to oversight by the Commodity Futures Trading Commission. The bill establishes the conditions for the sale of digital commodities, the registration of exchanges, and sets forth other requirements.

Token Taxonomy Act

H.R. 1628

117th Congress

Bill pending

This bill specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600, retroactive to January 1, 2021.

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