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David Scott

Democratic Congressperson from Georgia, 13

Notable statements

profile picture of David Scott

David Scott

@repdavidscott

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The STABLE Act fails to establish clear refund/insurance rules, exposing consumers to losses w/o real avenues of redress. It also fails to provide recourse for mismanagement & fraud. If stablecoin issuers become insolvent or misuse reserves, what protections do you get? Not many. pic.x.com/swUybVOBFD
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Somewhat anti-crypto
Quoted from docs.house.gov on Jul 26th, 2023

Representative David Scott voted against advancing H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, out of the House Financial Services Committee. The recorded vote showed 35 ayes to 15 nays.

H.R. 4763, the Financial Innovation and Technology for the 21st Century Act is a comprehensive market structure bill that would protect consumers, ensure crypto companies have robust rules, and create clarity for job creators and blockchain builders.

Very anti-crypto