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Senator Richard Blumenthal’s op-ed cautions against crypto legislation, linking it to past financial instability and taxpayer bailouts.
Quiver AI Summary
Senator Blumenthal expresses concerns about cryptocurrency: U.S. Senator Richard Blumenthal (D-CT) published an op-ed in FOX News, emphasizing the potential risks posed by cryptocurrency legislation to the U.S. financial system. He referred to past incidents, such as the failures of Silicon Valley Bank and Signature Bank, warning that unchecked crypto growth could lead to taxpayer burden.
Historical lessons highlighted: Blumenthal noted, “the collapse of Silicon Valley Bank was not an accident,” indicating that reliance on volatile tech funding threatens banking stability. He stated that failing to learn from recent banking failures could result in similar crises that would require government intervention, potentially costing taxpayers significantly.
Call for regulatory action: The senator urged Congress to impose stricter regulations on the cryptocurrency sector, warning that without “guardrails,” the industry may again seek bailouts, putting taxpayers at risk. The full op-ed is available for further details.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Richard Blumenthal Fundraising
Richard Blumenthal recently disclosed $43.4K of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 887th most from all Q3 reports we have seen this year. 57.4% came from individual donors.
Blumenthal disclosed $76.9K of spending. This was the 677th most from all Q3 reports we have seen from politicians so far this year.
Blumenthal disclosed $1.3M of cash on hand at the end of the filing period. This was the 281st most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Richard Blumenthal’s fundraising on Quiver Quantitative.
Richard Blumenthal Bill Proposals
Here are some bills which have recently been proposed by Richard Blumenthal:
- S.3628: A bill to ensure that older adults and individuals with disabilities are prepared for disasters, and for other purposes.
- S.3533: Shadow Docket Sunlight Act of 2025
- S.3516: Stopping Grinch Bots Act of 2025
- S.3492: Essential Caregivers Act of 2025
- S.3477: Support Our Troops Shipping Relief Act of 2025
- S.3466: A bill to improve health care provided by the Department of Veterans Affairs, and for other purposes.
You can track bills proposed by Richard Blumenthal on Quiver Quantitative’s politician page for Blumenthal.