U.S. Senator from Wyoming
Wyoming
Joined March 2009
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Democrats asked for $150 million so the CFTC could police crypto markets. The Clarity Act authorizes it.
Democrats voted against funding the cops who catch crypto fraudsters.
Democrats wanted crypto brokers to be required to get customers the best available prices on every trade. The Clarity Act requires it.
Democrats voted against making sure Americans get a fair price.
Democrats asked for anti-evasion language, letting the SEC weigh the totality of the facts and circumstances so bad actors can’t game the rules on a technicality. It’s in the Clarity Act.
Democrats voted against closing the loopholes scammers exploit.
Democrats demanded that the SEC have the power to deny, suspend, or revoke a crypto project’s certification for material misstatements or omissions. The Clarity Act gives the SEC that power.
Democrats still voted no.
What a night at the UW Coal Game celebrating Wyoming’s coal and energy industries and the @wyo_football win over Air Force!
Thank you to the Wyoming Mining Association for the Lifetime Achievement Award, sponsored by DISA Uranium Corporation and Navajo Transitional Energy Company. It truly means a lot!
Democrats asked to cut the annual Regulation Crypto fundraising cap from $75 million to $50 million and add a $200 million lifetime limit. We agreed to both and included them in the Clarity Act.
Democrats voted against the rules they wrote to protect retail investors.
Wonderful to be in Laramie for the Wyoming Women’s History House’s 25th anniversary! I loved helping create it and am honored to be included with Jon Johnson and Ray Hunkins on the courtyard.
Proud that the new gardens honor Diana Enzi and the late Bobbi Barrasso. Here’s to 25 more years!
Democrats suggested that anyone convicted of a felony involving insider trading, money laundering, terrorist financing, or financial fraud in the last ten years be barred from raising money under Regulation Crypto, and we agreed. The Clarity Act bars them.
Democrats voted against keeping convicted criminals away from your savings.
Democrats demanded that state attorneys general have the power to sue digital asset exchanges directly and even sue Washington if it fails to enforce the law.
It was in the Clarity Act, but Democrats still voted no.
Democrats wanted higher civil monetary penalties enforced by the Justice Department for digital asset violations.
The Clarity Act raises them.
Democrats voted no on the motion to proceed, effectively saying they felt imposing tougher penalties on crypto crime wasn’t even worth a debate, let alone passing.
Voting early today in Wyoming. Any one of these IDs is accepted. What’s the problem with requiring voter ID in other states?
Democrats wanted formal rule-making on how digital commodity exchanges must hold customer funds. The Clarity Act requires it.
Democrats voted against protecting customer funds with real custody rules.
Democrats demanded a direct ban on exchanges creating tokens out of thin air to meet regulatory capital requirements, exactly what FTX did before it collapsed. The Clarity Act writes the FTX rule into law.
Protecting consumers from another FTX-style collapse still wasn’t enough to get Democrats to vote to even debate the Clarity Act, let alone pass it.
Democrats wanted digital commodity exchanges to file certified annual financial statements with the CFTC. The Clarity Act requires it.
Democrats voted against protecting investors with certified financial statements.
Democrats incorporated whistleblower protections for people who report crypto fraud, the same protections that expose wrongdoing across every other regulated industry.
The Clarity Act provides them, but Democrats decided whistleblowers weren’t protecting with their no vote.
Democrats wanted crypto filers held personally liable for submitting false information to regulators— something the Clarity Act does.
Any guesses how Democrats voted? That's right; they voted no.
Democrats demanded large trader reporting so regulators can spot manipulation early. We agreed it was a good provision and added it in the Clarity Act.
Then Democrats voted against protecting markets from manipulation with large trader reporting.
Democrats wanted a full regulatory regime for digital commodity pool operators and trading advisors. The Clarity Act builds it.
Democrats voted "no" on protecting investors pooled in crypto funds with real oversight.
.@patrickjwitt, thank you for everything you’ve done to ensure America leads in digital assets. Your hard work and vision made a real difference.
Wishing you all the best in what comes next!
Serving in this administration has been the privilege of a lifetime.
From helping to stand up the most successful presidential transition in history alongside @howardlutnick and @EDSecMcMahon, to rebuilding our defense industrial base as PTDO Deputy Under Secretary for R&E and then Acting Director of OSC at @DeptofWar, to driving forward President Trump’s vision to make the United States the “crypto capital of the world” as Executive Director of the @WhiteHouse Crypto Council, I consider myself to have been the luckiest guy in the world over these past two years.
First and foremost, I want to thank @POTUS for the opportunity to serve the American people again in your second term. Your clear-eyed vision to ensure the United States remains the undisputed global superpower at this time of unprecedented technological change and geopolitical strife is critical to our nation’s future prosperity.
Second, I want to thank @DavidSacks for your visionary leadership and mentorship. I am so grateful to have been able to work with you and learn from you over the past year. Thank you also to @USWREMichael, James Mazol, @HarryYJung, Nick Elliot, Tyler Williams, @lukejpettit, Jonathan Hurowitz, Andrew Rittenhouse, Michael Friedman, @atitus7, @passalacqua_mj, @willscharf, @JamesCBraid, @MayMailman, Steve Levine, Patrick Butler, Zach Carstens, and countless others across the administration for being the best colleagues anyone could ask for. It was an honor to serve alongside you.
Lastly, thank you to @SECPaulSAtkins and @ChairmanSelig, @SecScottBessent, @USComptroller Gould, @SenatorTimScott, @SenLummis, @SenatorHagerty, @berniemoreno, @JohnBoozman, @SenThomTillis, @RepFrenchHill, and @RepBryanSteil for your partnership in advancing crypto policy over the past year with the passage of the GENIUS Act and our work to advance the CLARITY Act. With regulators and elected officials like you, I rest easy knowing the future of digital asset innovation in America is bright.
Regarding next steps, I’ll have to more to share soon. For now, I’ll say this: I am extremely bullish on America as we embark upon a new golden age of technological advancement across multiple frontiers. I’m grateful to have done my part to unleash American innovation while in government, and I look forward to advancing that same mission in the private sector! 🇺🇸
No American should lose access to a bank account because of their politics or their industry, and that includes the digital asset businesses wrongfully targeted under Operation Chokepoint 2.0. Thank you @SecScottBessent and @USComptroller for working to ensure Americans have fair access to banking.
Under the leadership of @POTUS and @SecScottBessent, @USComptroller Jonathan V. Gould is ending the weaponization of finance. Read about the OCC’s supervisory review of debanking activities in its nine largest national banks and its efforts to guarantee fair banking for all Americans. occ.gov/FairBanking
ALT A person signs a document at a desk in an office setting, surrounded by three others standing in the background. An emblem for the Office of the Comptroller of the Currency is visible. The text reads, "Guaranteeing Fair Banking for All Americans.