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Warren Davidson: “Because Genius didn't ban central bank digital currency, we…”

Featuring: Warren Davidson, Republican | U.S. House Ohio, 8th Congressional District

CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW

Published January 7, 2026 | Video Starts at 20:23

And it has all of the functionality. It's like Hydra. Lots of different heads, but the same beast in the back end. Because Genius didn't ban central bank digital currency, we had a separate bill, Tom Emmer's bill, to ban central bank digital currency like the President's executive order does. And without that being linked together, a number of members blocked the rule vote in the House. (20:23–20:34)

CLAIM

Asserts that Tom Emmer's bill aims to ban central bank digital currency.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Warren Davidson

“Banks with a Federal Reserve Master account are getting almost a 4% rake right now just for having money on deposit.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 07:09-07:20
“The Biden administration's war on crypto essentially killed several banks because of this and drove banks out of the sector broadly.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 09:05-09:16
“The founders of [Tornado Cash and Samurai Wallet] were prosecuted for operating a legal money service business.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 14:53-15:00
“Federal Reserve job boards, they're literally hiring people to write code to develop a central bank digital currency.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 24:16-24:23
“The average person conflate[s] everything in the digital asset space with central bank digital currency.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 02:25-02:35
“We should have been leading with a ban on central bank digital currency.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 02:37-02:41
“We at least got a stablecoin bill across the finish line this year.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 03:07-03:11
“They promised to move this bill through Senate banking in September. Last year, they didn't.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 04:15-04:21
“They promised to do it in December, they didn't.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 04:21-04:24
“Now they're promising to vote on it in committee next week.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 04:24-04:29
“No one's come out and said we've got the votes to pass it even out of committee.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 04:31-04:35
“If you don't get it done by June, it doesn't look good.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 05:35-05:40
“Banks can pay interest, but fintech companies, other stablecoin issuers who don't have a bank charter can't pay interest.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 06:37-06:47
“Banks are essentially building momentum to even [ban rewards].”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 06:54-06:58
“All the legislation that has passed the House so far passed without self custody.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 11:27-11:33
“The government is trying to limit your ability to have self custody both in the United States, all over the European Union, the European…”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 11:46-11:59
“Previous administrations, including really Steve Mnuchin when he was Secretary of the treasury for President Trump's first Term have tried…”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 11:49-11:59
“Congress hasn't taken action and that ill-defined nature has left the executive branch the ability to go with Elizabeth Warren's anti-crypto…”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 16:07-16:25
“The point of Congress is to pass a law that provides these protections.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 16:30-16:35
“Self custody, for example, is one of the main reasons that I was concerned about House legislation here.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 17:21-17:27
“The Senate seems to have gotten that message and they're working hard to provide some level of protection for self custody.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 17:28-17:35
“The Genius act had a provision about central bank digital currency that closed off, offering a retail CBDC like the Federal Reserve…”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 19:42-19:55
“What they've been building, the Death Star they've been building is called a wholesale cbdc.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 19:57-20:03
“The government could do [something dangerous] if you look at a central bank digital currency coupled with a digital id.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 23:19-23:25
“They're not accidentally investing all this money to do it. They're doing it because they plan to launch it.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 24:22-24:30
“I've encouraged them to actually argue over, is the Federal Reserve subject to executive orders?”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 25:23-25:31
“I've also asked the inspector general for the Federal Reserve to look into that.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 25:30-25:35
“Bitcoin isn't in the financial services space, because it's not a security.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 28:20-28:25
“I've personally chosen not to buy any [bitcoin] since I've been in office.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 28:28-28:35
“When President Trump came in and does not like an investment in bitcoin.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 28:48-28:53
“I think you should be free to [buy meme coins].”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 29:16-29:18
“Hopefully all of my colleagues are better informed and more supportive and they'll just do the right thing, get this across the finish line.”
CLARITY Act Under Threat From Banks!🚨Rep. Warren Davidson INTERVIEW | Uploaded January 7, 2026 | 30:08-30:14