Sheldon Whitehouse
@SenWhitehouse
More demand; less supply. That will jack utility bills, adding to Trumpflation, all to make his crypto-miner donors richer.
2025-07-16T18:59:14.000Z
Does Sheldon Whitehouse Support Crypto?
Based on previous comments, Sheldon Whitehouse has indicated they are very anti-cryptocurrency. Below you can view the tweets, quotes, and other commentary Sheldon Whitehouse has made about Bitcoin, Ethereum, and cryptocurrency innovation.
Sheldon Whitehouse
@SenWhitehouse
Remember supply and demand? The CLARITY Act would hike electricity demand via unchecked cryptomining, just as the Big Ugly Betrayal knocks down electricity supply by attacking wind and solar — which with batteries were 95% of the new power on the grid last year.
2025-07-16T18:59:13.000Z
Took stances on a bill between May 20th, 2025 and Jun 17th, 2025
Bill Name
GENIUS Act
Details
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.
Timeline
May 20th, 2025
Very Anti-Crypto
Voted against - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
Jun 12th, 2025
Very Anti-Crypto
Voted against - Because of the way Senate rules work, GENIUS could not have gotten to a final vote without members voting in favor.
Jun 17th, 2025
Very Anti-Crypto
Voted against - Final Passage Out Of Senate
Voted against a bill on Mar 4th, 2025
Bill Name
S.J. Res 3
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".
Vote Type
Final Passage Out Of Senate
Sheldon Whitehouse
@SenWhitehouse
The unbelievably rich AI and crypto companies should pay to bring clean power to their data centers, not make it everyone else’s problem.
nytimes.com/2025/01/09/cli…
2025-01-09T22:25:33.000Z
Voted against a bill on May 16th, 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.
Vote Type
Final Passage Out Of Senate
Cosponsored a bill on Sep 19th, 2023
Bill Name
Digital Asset Anti-Money Laundering Act of 2023
Details
A bill to require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes.
Sheldon Whitehouse
@SenWhitehouse
Putin’s cronies thrive on the dirty money that runs amok in our financial system. This time, they tried to smuggle US military tech and sanctioned oil using shell companies and crypto. Kudos to KleptoCapture for cracking down.
cnn.com/2022/10/19/pol…
2022-10-20T16:01:28.000Z
Sheldon Whitehouse reposted the post below
Elizabeth Warren
@SenWarren
Bitcoin mining's energy use has more than tripled since 2019, consuming as much energy as entire countries. It's even driving up electricity costs and harming local environments.
I want six cryptomining companies to provide answers on their impact.
bloomberg.com/news/articles/…
2022-01-28T22:03:03.000Z
Sheldon Whitehouse
@SenWhitehouse
We have to think hard about how new technology affects our climate. Cryptocurrency mining demands a huge amount of energy, so I’ve joined @SenWarren to ask the biggest crypto companies about their energy use. Those emissions have big consequences.
bloomberg.com/news/articles/…
2022-01-30T21:36:53.000Z
Sheldon Whitehouse reposted the post below
Elizabeth Warren
@SenWarren
Weak rules and loopholes allow criminals to launder money through shady real estate deals, digital assets, private equity and hedge funds. I'm glad @POTUS plans to crack down on corruption and illicit finance, and hold bad actors accountable.
cnn.com/2021/12/06/pol…
2021-12-07T02:06:42.000Z