DoTheySupportIt logoDoTheySupportIt
SenateHouseBillsRecent stancesFAQ
DoTheySupportIt logoDoTheySupportIt

Tracking where politicians stand on crypto, from what they say to how they vote. Made to help create more economic freedom.

Explore

  • Politicians
  • Senate
  • House
  • Bills
  • Recent stances

About

  • FAQs
  • Privacy Policy
  • Terms and Conditions
  1. Home
  2. Crypto bills in Congress
  3. HRES238
HRES238118th Congress·Introduced 2023-03-21

Is The Bill "Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy." Crypto Friendly?

Based on 1 published commentary, this bill is very pro-crypto.

Very Pro-Crypto
About this bill

This resolution expresses the House of Representatives' view that Proof-of-Work (PoW) mining, such as that used by Bitcoin, is crucial for the United States to achieve its energy goals and grow its economy. It asserts that PoW mining ensures blockchain network trust, utilizes excess energy, contributes to grid stability, and can reduce methane emissions. The resolution also contrasts this with China's adoption of a CBDC and emphasizes the need for congressional authority for any US CBDC, advocating for investment in the digital asset industry for job growth and innovation.

Introduced
2023-03-21
Status
Introduced and Sponsored
Legislature
118th Congress
Stance on Crypto
Very Pro-Crypto
From 1 published commentary

Scores reflect how a bill would affect crypto if enacted, from very anti-crypto to very pro-crypto, based on the commentary below.

Support in Congress
  • Sponsors1 Republican1
Read the bill
Read on Congress.govView on GovTrackBill text (PDF)

Commentary

Add Commentary
Profile picture of DoTheySupportIt
DoTheySupportIt
Primary
marked this bill asVery Pro-Crypto

This bill is unequivocally pro-crypto, particularly in its strong defense and promotion of Proof-of-Work mining, which is foundational to Bitcoin. It directly counters common anti-crypto narratives regarding energy consumption, instead framing PoW mining as a net positive for energy stability, renewable energy integration, and even methane reduction. This aligns perfectly with the analyst's view that Bitcoin mining is not environmentally harmful and can encourage renewable energy. The resolution also connects PoW mining to US economic growth, job creation, and national security, providing strong positive messaging for the industry. Furthermore, its explicit assertion that the Federal Reserve requires congressional authority to issue a CBDC, and its contrasting of this with China's CBDC adoption, is a clear anti-CBDC stance, which the analyst views as pro-humanity. The call for investment in the digital asset industry further reinforces its pro-crypto nature.

Where Congress stands

Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.

Sponsors

1

1 Republican

  • Profile picture of Pete Sessions
    Pete Sessions
    TX-17