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Debbie Stabenow

Debbie Stabenow (D)

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Notable statements

Sen. Debbie Stabenow has 2 statement(s) about crypto.

"The bottom line is my crypto regulation bill with @JohnBoozman, @SenBooker, & @SenJohnThune protects consumers and creates accountability in the marketplace."

@SenStabenow August 5, 2022 on Twitter

"Crypto markets aren’t fair or transparent - putting Americans’ money at risk. @JohnBoozman, @SenBooker, @SenJohnThune, and I are giving @CFTC what they need to protect consumers, prevent fraud and create transparency and accountability."

@SenStabenow August 3, 2022 on Twitter

Crypto bill sponsorship

Sen. Debbie Stabenow has put out 2 crypto bills.

Digital Commodities Consumer Protection Act

S. 4760

117th Congress

Sponsored
Bill pending

A legislative analyst in the Congressional Research Service will begin analyzing this legislation after text becomes available.

Digital Asset Sanctions Compliance Enhancement Act of 2022

S. 3867

117th Congress

Co-sponsored
Bill pending

This bill allows additional sanctions against Russia and creates specified reporting requirements regarding digital assets.

Specifically, the President must periodically identify foreign persons who facilitate evasion of Russian sanctions using digital assets. The bill authorizes sanctions against such persons.

The bill requires a U.S. taxpayer engaged in offshore digital asset transactions greater than $10,000 to file an annual Report of Foreign Bank and Financial Accounts with the Financial Crimes Enforcement Network.

The bill allows the Department of the Treasury to prohibit U.S. digital asset trading platforms and transaction facilitators from transacting with Russian digital asset addresses. Additionally, Treasury must report on its progress in implementing the bill and must annually identify foreign digital asset trading platforms that are a high risk for sanctions evasion, money laundering, and other illicit activities.

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