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