We must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets

“The SEC's reliance on an enforcement-only approach in the absence of clear rules for the digital asset industry is hurting America’s economic competitiveness and companies like Coinbase that have a demonstrated commitment to compliance,” said Paul Grewal, Coinbase’s chief legal officer and general counsel, who said the solution will be action from Congress. “In the meantime, we’ll continue to operate our business as usual.

Regulator’s choice not to challenge Grayscale Investments’ Court of Appeals win among the bullish signs for eventual spot bitcoin ETF approval

Cryptominers’ high energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms locate across the country (OSTP 2022). Pollution from electricity generation falls disproportionately on low-income neighborhoods and communities of color (Thind et al. 2019). Cryptominers’ intensive and often volatile power consumption also can push up electricity prices for consumers and can increase risks for local electrical grids—straining equipment, causing service interruptions and safety hazards (Chelan County 2018). Yet because cryptomining is geographically mobile and the stability of the business model remains unclear, local utilities also face financial risks if they invest in upgrading capacity that may not be needed if mining activity ceases or moves away.

The environmental impacts of cryptomining exist even when miners use existing clean power. For example, in the case of communities with hydropower where cryptomining operations are often located, increased electricity consumption by cryptominers reduces the amount of clean power available for other uses, raising prices and increasing overall reliance on dirtier sources of electricity.

Alongside these known costs and risks, cryptomining does not generate the local and national economic benefits typically associated with businesses using similar amounts of electricity. 

I’m also proposed closing over a dozen special interest tax loopholes for Big Oil, crypto traders, hedge fund billionaires — saving taxpayers billions of dollars

Joe Biden

Pres.

The former president and leading Republican candidate for next year’s election held $2.8 million in a cryptocurrency wallet as of early August, according to official documents governmental ethics watchdog Citizens for Responsibility and Ethics in Washington received Monday. He also earned $4.87 million in licensing fees from his non-fungible token collection, per the filing. Trump, despite being a crypto skeptic when he was president, last year debuted a non-fungible token (NFT) project called Trump Digital Collectible Cards sporting images of himself. He released a second series of collectibles this April. Both collections sold out.

Although Trump said he was "not a fan" of cryptocurrency in July 2019, he appeared enthusiastic to promote his new collection. "GET YOUR CARDS NOW! Only $99 each! Would make a great Christmas gift. Don’t Wait. They will be gone, I believe, very quickly!" he wrote in a post on his platform.

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....

Donald Trump

National political figures

Vivek Ramaswamy took the stage at Messari’s Mainnet crypto conference on Wednesday evening and announced plans to release a “comprehensive crypto policy framework” by Thanksgiving

The shadow government in D.C. is out of control &amp; the federal courts are our *only* remaining line of defense against the unlawful rogue behaviors of 3-letter government agencies. This decision is strong and clears a path to keep Bitcoin &amp; blockchain innovation in the U.S.… https://t.co/kN0ARJsxSg https://t.co/FsykKyQEVG

This is such a dumb game the media &amp; shallow career politicians play. Guess what? I have volunteers on my campaign whom I don’t agree with on everything. Bruce Fenton is right on Fed policy, Bitcoin, individual liberty, and dismantling the administrative state. Turns out he’s… https://t.co/EiXUPKTSe7 https://t.co/Ah3RALLtet

Litmus test for every Presidential candidate: commit to opposing CBDCs in the U.S. Period.

Shouldn’t be controversial for any Republican, just basic table-stakes.

And if any candidate hesitates on this one, then skip ‘em and move on to the next one.
@ShawnRyan762 https://t.co/1iWXI7W6MF

RT @philrosenn: @VivekGRamaswamy in the house at Mainnet talking crypto, regulation, and running for president https://t.co/Kar6topmS7

RT @EleanorTerrett: 🚨OVERHEARD at @MessariCrypto #Mainnet2023: Presidential candidate @VivekGRamaswamy says he plans to have a comprehensiv…

Vivek Ramaswamy

This kind of thing partly explains the appeal of Bitcoin. Our freedom to transact and save should not be at the mercy of political enforcers. No payment platform should be allowed to discriminate against people for exercising their right to free speech.

Looking forward to joining this Twitter Space tomorrow with leaders of the #Bitcoin community!

@MartyBent @natbrunell @scottmelker @1MarkMoss @Breedlove22

 https://t.co/AjTud9aLI5

Interesting argument that bitcoin not so bad for the environment after all. At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact. #Kennedy24

https://t.co/0BNbIJ9eoD

RT @scottmelker: We will be discussing freedom, money, $BTC, CBDCs, privacy and more with @RobertKennedyJr on July 26th at 2 PM EST. 

Join…

As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more… https://t.co/NUuJRutFlt https://t.co/rPkMARieYu

If you care about crypto, it’s time to prove it