Brian Varela
@Varela4NJ
It feels weird to agree with @RepMTG, but she’s right! Trump and House Republicans should be focusing on working Americans, not billionaire crypto donors. x.com/Ronxyz00/statu…
Somewhat anti-crypto
Brian Varela
Democratic Political Figure from New Jersey, 7
Neutral on crypto
Based on 10 statements and 0 votes.
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Statements
Brian Varela
@Varela4NJ
@DarthBallz6969 In this particular case, it actually does, though. I think he and his family should divest from their stablecoin so he doesn't ruin all the hard work the industry has done to be recognized as legitimate.
Very pro-crypto
Brian Varela
@Varela4NJ
I think crypto has some potential. It just needs REAL regulation.
The GENUIS Act has to ban Trump from profiting from stablecoins.
Otherwise, we just have a legalized grift.
Somewhat anti-crypto
Brian Varela
@Varela4NJ
House Republicans plan to fast-track this bill for Trump's signature as early as July 7th.
That's next week.
Once signed, Trump's family crypto empire becomes federally legitimized while he sits in the Oval Office.
And crypto's reputation is forever scarred.
Somewhat pro-crypto
Brian Varela
@Varela4NJ
He and his family would agree to shut down their stablecoin.
The industry can never reach its full potential if the only reason it was regulated is so that Trump could make a huge profit.
We need a better bill that protects legitimate investors and the economy from bad actors. pic.x.com/XPC9ejm44w
Somewhat pro-crypto
Brian Varela
@Varela4NJ
The UAE pledged to use $2 billion worth of USD1 for their investment in Binance, which gave the stablecoin immediate legitimacy.
In layman's terms: USD1 is a way foreign governments can directly line the Trump family's pockets.
But the influence through crypto doesn't stop there:
Very anti-crypto
Brian Varela
@Varela4NJ
The problem isn't cryptocurrency itself.
The issue is corruption of power.
Blockchain has the potential to create a more accessible financial system.
But when regulators profit from the industry, that promise is betrayed.
Very pro-crypto
Brian Varela
@Varela4NJ
If elected, I'll fight for:
• Fair crypto regulations protecting consumers
• Ethics laws preventing officials from profiting off positions
• Policies ensuring tech advances benefit everyone
• Real transparency in government and emerging industries
Somewhat pro-crypto
Brian Varela
@Varela4NJ
I've followed crypto for years and believe in its potential to create opportunities for everyone, not just the wealthy.
Proper oversight is essential.
But how can we trust rules from people enriching themselves through the industry?
Very pro-crypto
Brian Varela
@Varela4NJ
@antgrasso Totally agree! Ethereum is revolutionizing finance and digital assets with smart contracts and NFTs. I think it will change the world. So much potential for growth!
Very pro-crypto