Does Frank Pallone Jr Support Crypto?

Based on previous comments, Frank Pallone Jr has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Frank Pallone Jr has made about Bitcoin, Ethereum, and cryptocurrency innovation.

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Very Anti-Crypto

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Rep. Frank Pallone
@FrankPallone
Trump should be strengthening the U.S. dollar, not scheming to profit off crypto at the expense of American stability. An American president moving our Treasury toward a speculative currency he’s personally invested in is corrupt and it puts our economy at risk.
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Very Anti-Crypto

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Rep. Frank Pallone
@FrankPallone
What do you mean the Speaker of the House doesn’t know anything about the “meme coin thing”? He pushed a through bill to deregulate crypto. Or is it that because it’s an obviously corrupt scheme tied to the Dear Leader, he suddenly can’t comment?
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Aaron Rupar
@atrupar
REPORTER: Do you have any concerns about Trump's business dealings? MIKE JOHNSON: Whatever President Trump is doing is out in the open. REPORTER: The memecoin is not transparent. We don't know who those investors are. JOHNSON: I don't know anything about the memecoin thing.
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Neutral on Crypto

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Rep. Frank Pallone
@FrankPallone
Trump‘s corruption has no bounds. He should not be allowed to sell access to the White House with his cryptocurrency. The Supreme Court made a huge mistake in providing the president with immunity from prosecution. It allows Trump to profit from his presidency without any limits.
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Very Anti-Crypto

Voted against a bill on Mar 11th, 2025
Bill Name
H.J. Res 25
Details
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
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Very Anti-Crypto

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Rep. Frank Pallone
@FrankPallone
This might be Trump’s biggest grift yet. He’s pushing a U.S. crypto stockpile while his own meme coin trades on the market, a huge conflict of interest. The gov’t hoarding risky tokens isn’t a strategy — it’s gambling with taxpayer dollars. Insiders profit, while Americans bear the risk.
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Somewhat Anti-Crypto

Voted against a bill on May 23rd, 2024
Bill Name
CBDC Anti-Surveillance State Act
Details
To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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Very Anti-Crypto

Voted against a bill on May 8th, 2024
Bill Name
SAB 121 House Joint Resolution
Details
For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
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Somewhat Anti-Crypto

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Rep. Frank Pallone
@FrankPallone
Blockchain technology and #Cryptocurrency bring enormous promise but some blockchains are consuming enormous amounts of energy. Today, I held a #SubOversight hearing on this energy usage and how the crypto industry can assist us in achieving our climate goals.
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Very Anti-Crypto

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Rep. Frank Pallone
@FrankPallone
As cryptocurrency swiftly rises in popularity, we must understand and address the environmental impacts it is having on our communities and our planet. That’s why I’m holding a hearing on cryptomining’s growing energy footprint so we can prepare for cleaner alternatives.
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Energy & Commerce Democrats
@EnergyCommerce
NEWS: #SubOversight announces a hearing on the energy impacts of cryptocurrencies.
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