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.
Trump’s Securities and Exchange Commission is letting grifting crypto executives get off scot-free, and it’s clear why. Trump doesn’t want the gravy train to stop for his allies or his own crypto grift. nytimes.com/2025/12/14/us/…
The GENIUS Act of 2025 proposes a regulatory framework for payment stablecoins. It defines permitted issuers (insured depository institutions, their subsidiaries, and approved nonbank entities) and mandates 1:1 reserve backing with specific high-quality assets. The bill outlines federal and state regulatory oversight options, sets requirements for customer asset segregation, and grants stablecoin holders priority in insolvency proceedings. It also clarifies that regulated payment stablecoins are not considered securities or commodities under various acts. The bill designates issuers as financial institutions under the Bank Secrecy Act, requiring compliance with AML, KYC, and sanctions regulations to prevent illicit finance and safeguard national security. It also reinforces U.S. leadership in digital finance by supporting innovation and ensuring the dollar remains competitive in a rapidly evolving global financial landscape.
The "Digital Asset Market Clarity Act of 2025," or "CLARITY Act of 2025," establishes a regulatory framework for digital commodities, granting the CFTC exclusive jurisdiction over spot market transactions and related entities like exchanges, brokers, and dealers. It aims to differentiate digital commodities from securities, introduce a "mature blockchain system" concept for regulatory exemptions, and protect individual self-custody rights.
Wondering why the House has been gridlocked over crypto for 24+ hours? Here’s a hint: Trump and 70+ of his high-level minions hold over $193 million in crypto. Trump alone has $51 million. His Cabinet, his VP, and key regulators are in deep. That’s why Mike Johnson is jamming hat enrich Trump’s cronies.
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.
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?
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.
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.
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".
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.
Trump and the Republicans want to completely deregulate the crypto industry, which will only help scammers take advantage of inexperienced investors while avoiding taxes on their Ill gotten gains.
wsj.com/finance/curren…
Even the crypto industry can see right through Trump's cash grab. It's painfully obvious that Trump is using the presidency to enrich himself and take advantage of inexperienced investors to sell meme coins that have no real value.
nytimes.com/2025/01/25/us/…
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.
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.
This is a real concern. It’s why my @EnergyCommerce Committee is actively investigating the impacts cryptomining companies have on our grid & the environment. It's critical that they mitigate their fossil fuel use & climate pollution in this emerging space.bloomberg.com/news/articles/…
Cryptomining can burn an enormous amount of fossil fuels, presenting a huge challenge in our fight against the #ClimateCrisis. Today I’m demanding answers from crypto companies on what they’re doing to mitigate energy use & offset their climate pollution. energycommerce.house.gov/newsroom/press…
Today’s letters follow a hearing my @EnergyCommerce Committee held in January and are a continuation of our investigation into crypto’s impacts on our energy grid and climate goals. I look forward to getting answers.
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.
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.
Energy & Commerce Democrats
@EnergyCommerce
NEWS: #SubOversight announces a hearing on the energy impacts of cryptocurrencies.
