Based on previous comments, Eleanor Norton has not indicated whether they are for or against cryptocurrencies. Below you can view the tweets, quotes, and other commentary Eleanor Norton has made about crypto.
This legislation amends the Clean Air Act to mandate detailed energy consumption reporting and establish strict greenhouse gas emissions standards for large data centers and cryptocurrency mining facilities. Under the proposed framework, facilities with more than 100 kilowatts of capacity must report energy usage and power sources annually. It introduces regional carbon emissions baselines that decline by 11% annually, reaching zero by 2035, and imposes significant financial fees on electric utilities and facilities that exceed these limits.
This House Resolution aims to prevent personal enrichment through cryptocurrency ventures by public officials and their families, addressing concerns about conflicts of interest and foreign influence. It proposes measures such as prohibiting the issuance or endorsement of digital assets by these individuals, requiring their digital asset holdings to be placed in blind trusts, banning foreign investment in their crypto projects, and mandating disclosure of all cryptocurrency transactions, with civil and criminal penalties for violations.
This bill, known as the MEME Act, prohibits federal elected officials, certain high-ranking government employees, and their immediate families from engaging in "prohibited financial transactions" for pecuniary gain. These transactions include the issuance, sponsorship, or promotion of "covered assets," explicitly defined to include cryptocurrencies, meme coins, tokens, and non-fungible tokens. The restrictions apply during their term of service, 180 days prior, and 180 days after, backed by civil and criminal penalties, and a private right of action for harm suffered.