Tedd Budd

State

North Carolina

District

13th

Party

Republican

Senate / House?

House of Representatives

Blockchain caucus?

Links

Committees

SUB

Full

House Committee on Financial Services

SUB

Full

House Subcommittee on Consumer Protection and Commerce

Legislation

Sponsor

H.R. 56: Financial Technology Protection Act of 2019

To establish an Independent Financial Technology Task Force to Combat Terrorism and Illicit Financing, to provide rewards for information leading to convictions related to terrorist use of digital currencies, to establish a Fintech Leadership in Innovation and Financial Intelligence Program to encourage the development of tools and programs to combat terrorist and illicit use of digital currencies, and for other purposes.

Sponsor

H.R. 3963: Virtual Value Tax Fix Act of 2019

To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.

Co-sponsor

H.R. 2144: Token Taxonomy Act of 2019

To amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security, to direct the Securities and Exchange Commission to enact certain regulatory changes regarding digital units secured through public key cryptography, to adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes.

MEdia links

"Crypto in Congress: Rep. Ted Budd", HODLpac Newsletter

"Congress Drew a Fine Line Between Libra and Crypto – That’s a First", Coindesk

"North Carolina Congressman Reintroduces Crypto Tax Bill", Coindesk

‍

Statements / Press Releases

"Budd Sends Bipartisan Letter to SEC Seeking Token Clarity", Statement

"Budd Defends Blockchain in Testimony to House Ways and Means Committee", Statement

‍