Congressman Shri Thanedar
@RepShriThanedar
From opening new investment opportunities to protecting our supply chain from Trump’s attacks, cryptocurrency can benefit everyone.
Credit card payments cost businesses up to 3.5% in fees, which is then passed on to the consumer. Money orders are a popular way to send money, but can be expensive and hard to access. Stablecoins—digital dollars powered by blockchain—let people send money instantly for pennies, eliminating a hidden tax we all pay.
As a former small business owner, I know how difficult it is to build a small business. Traditional credit card or check payments can take up to 7 days to clear, further exacerbating these difficulties. With blockchain, payments settle in seconds, giving businesses immediate access to funds they can use to grow their business and a greater ability to compete globally—critical when 74% of economic activity is outside the U.S.
I’m encouraged by bipartisan bills like the GENIUS and CLARITY Acts, which create a clear, bipartisan, pro-innovation regulatory framework for digital assets. Inconsistent state regulations have driven 1 in 3 blockchain innovators overseas—hurting our economy and competitiveness. #CryptoDayOfAction
2025-08-14T20:47:23.000Z
Analysis on Stance
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Rep. Shri Thanedar's tweet eloquently highlights the transformative potential of crypto, particularly stablecoins, for small businesses and consumers. His emphasis on the high costs and slow processing times of traditional payment systems compared to the near-instantaneous and low-cost nature of stablecoin transactions is spot on. This understanding of the practical benefits of crypto is refreshing.
Furthermore, his support for the GENIUS and CLARITY Acts demonstrates a commitment to establishing a regulatory framework that fosters innovation while protecting consumers. These bills aim to provide clear guidelines for digital assets, addressing the current regulatory uncertainty that hinders growth and drives businesses overseas. The Congressman's recognition of this issue and his advocacy for sensible regulation are crucial for the future of the crypto industry in the US. This tweet rightly earns a 100 stance score. He's a true advocate for the positive impact of crypto.