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What politicians in MA are saying

Keep up with recent tweets about crypto from politicians in Massachusetts.

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Stephen Lynch

@RepStephenLynch

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1/2 As Chair of @FSCDems FinTech Task Force, I held a hearing yesterday to examine how the use of a Central Bank Digital Currency (CBDC) might expand access to banking services to unbanked & underbanked communities. As the use of cryptocurrencies & CBDCs continues to develop...
Neutral on crypto
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Stephen Lynch

@RepStephenLynch

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The Digital Assets Subcommittee recently held its first hearing. As lead Democrat, I express strong concerns about the volatility and abuse of crypto assets. Americans lost more than $5.6 billion to crypto scams in 2023. Regulations are needed to ensure robust consumer px.com/i/web/status/1… economy.
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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1/3 As Ranking Member of the Financial Services Subcommittee on Digital Assets, we held a hearing yesterday to examine the authority of the Financial Stability Oversight Council, or F.S.O.C., to designate non-bank financial institutions as systemically important…
Neutral on crypto
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Stephen Lynch

@RepStephenLynch

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RT @EleanorTerrett: 🚨NEW: In the House markup of the STABLE Act, @RepStephenLynch says it’s a “certainty” that these stablecoins (referenci…
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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As ranking member of the Digital Assets Subcommittee, I spoke to Chairman of the Federal Reserve, Jerome Powell regarding my concerns of the risks posed by crypto and the crypto industry on our economic stability, with scams and illicit finance costing Americans billions. The Tx.com/i/web/status/1…xpic.x.com/7gTlwVvgRqish a Digital Assets Working Group which will be comprised of regulators handpicked by the crypto industry is concerning—and could be abused to further President Trump’s own financial interests. I will continue to work with my colleagues to prioritize consumer protections, support a new regulatory framework, and expand economic access and financial inclusion for all Americans.
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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RT @USHouseFSC: Subcommittee on Digital Assets, Fin. Tech, and AI Ranking Member @RepStephenLynch at today's hearing: "I'm concerned that…
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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As the RM of the Subcmte on Digital Assets, I spoke on the House floor last night in strong opposition to HR 4664, the Financial Services Appropriations Bill & the misguided amendment that would prevent our government from researching a Central Bank Digital Currency (CBDC).
Somewhat anti-crypto
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Stephen Lynch

@RepStephenLynch

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RT @USHouseFSC: Today at 10 AM - Subcommittee RM @RepStephenLynch leads Democrats as the Subcommittee on Digital Assets, Financial Technolo…
Neutral on crypto
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Stephen Lynch

@RepStephenLynch

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In the first two months after Trump took office, the Securities & Exchange Commission and other financial regulatory agencies dismissed more than 100 crypto- and finance-related enforcement cases – allowing finance and crypto companies to defraud American investors and consumers and violate U.S. securities laws while avoiding over $3 billion in government penalties.  The Trump Administration has also abandoned critical consumer protection policies related to the use of artificial intelligence by banks and other financial institutions.  As lead Democrat on the Subcommittee on Digital Assets and Artificial Intelligence, I demanded accountability from @SecScottBessent on behalf of American investors and consumers.
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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Yesterday the Financial Services Committee marked up H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, which unfortunately is a dangerously inept attempt to regulate digital assets market structure. fb.watch/m2E509WrIy/?mi…
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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There are currently 130 countries studying government backed digital currencies, and this amendment would prevent the United States from researching and gaining a thorough understanding of the architecture and the implementation of a CBDC, putting us behind 90% of the world.
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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RT @FSCDems: #TODAY @ 2:00 PM - Subcmte RM @RepStephenLynch leads Dems as the Subcmte on Digital Assets, #FinTech & Inclusion holds a heari…
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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2/3 ..and subject them to Federal Reserve regulation and supervision. The mission of the F.S.O.C. to identify and address emerging threats to US financial stability has become even more critical with the expansion of the crypto markets and advancements in artificial intelligence.
Neutral on crypto
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Stephen Lynch

@RepStephenLynch

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This is yet more insanity from conspiracy-crazed House Republicans who are incapable of governing. Meanwhile this year we witnessed the collapse of several U.S. banks that held a combined $500B in assets, as well as the catastrophic demise of the crypto market & the conviction…
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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The U.S. has always led the way in innovation—House Republicans’ Anti-CBDC bill does the opposite. This bill prevents the U.S. from researching and developing a government-issued digital dollar because the crypto industry knows its cryptocurrencies could never compete with a digital dollar backed by the full faith of the U.S. government. #RejectDangerousCryptoBills
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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RT @USHouseFSC: #TODAY @ 2:30 PM - Subcmte RM @RepStephenLynch leads Democrats as the Subcommittee on Digital Assets, Financial Technology,…
Neutral on crypto
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Stephen Lynch

@RepStephenLynch

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I am proud to again serve as Lead Democrat for the @FSCDems Subcommittee on Digital Assets, Financial Technology & Artificial Intelligence. I look forward to continuing our work to encourage innovation that expands economic access while protecting American consumers. Congratulations to my colleague @RepFrenchHill on his selection as Chair of the House Financial Services Committee, @RepMaxineWaters as Ranking Member and @RepBryanSteil as Chair of the Subcommittee on Digital Assets, FinTech & AI.
Neutral on crypto
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Stephen Lynch

@RepStephenLynch

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Since taking office in January, President Trump has disbanded the Crypto Enforcement Unit at the Department of Justice and has signed an Executive Order pausing enforcement of financial consumer corruption laws. Donald Trump’s blatant violation of ethics laws and exploitation pic.x.com/Kadws9MUHPrther his own financial gain cannot go unchecked.
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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The so-called “Genius Act” allows Trump to sell access to foreign governments, allows big tech to issue private digital currencies, and devalues the U.S. dollar. Nothing in this bill prevents a taxpayer bailout when the crypto industry inevitably fails. Congress must #StopTheTrumpCryptoCorruption and #RejectDangerousCryptoBills.
Very anti-crypto
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Stephen Lynch

@RepStephenLynch

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Our country is facing historic inflation, and President Trump’s reckless, on-again, off-again tariffs are sending our markets into a tailspin. Rather than working to protect American consumers and market integrity, my Republican colleagues are determined to push reckless crypto pic.x.com/nMwAkbGM4Eenrich the crypto bros and the Trump family’s crypto business, despite clear conflicts of interest.
Very anti-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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RT @ppi: As the federal government continues to debate how to regulate cryptocurrency, PPI is bringing together business leaders for a roun…
Very pro-crypto
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Jake Auchincloss

@RepAuchincloss

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RT @ppi: ICYMI‼ Yesterday, @RepAuchincloss joined PPI and an esteemed panel of business leaders for a dynamic conversation about cryptocur…
Very pro-crypto
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Jake Auchincloss

@RepAuchincloss

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This primary crypto regulator should be tech & market-structure neutral, and eventually fulfill 3 mandates: 1. Compel disclosure and transparency 2. Prevent fraud & abuse 3. Promote the efficiency and resilience of the market
Very pro-crypto
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Jake Auchincloss

@RepAuchincloss

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If the majority whip had gone with my bipartisan Power of the Mint Act, introduced last term with French Hill, instead of his partisan anti-CBDC bill, then it would not be a poison pill to combine CLARITY with CBDC legislation. I've reintroduced Power of the Mint today— it makes x.com/ChadPergram/st…Reserve cannot issue a CBDC without congressional authorization, but still permits the Fed to research the issue. The majority whip has another chance to pursue sound policy instead of reflexive partisanship.
Very pro-crypto
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Jake Auchincloss

@RepAuchincloss

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The @FSCDems hearing yesterday on stablecoins crystallized three domains of risk that lawmakers must address: 1. Prudential risk 2. Systemic risk 3. Geo-economic 🧵 below ⬇️ https://t.co/h3mTYwHbN8
Somewhat pro-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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The best thing Congress can do to promote Web3 is to designate a primary regulator to audit stablecoins. Thread ⬇️ https://t.co/FJiGr3IZaO
Very pro-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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RT @jchervinsky: CBDCs are controversial, but we should all agree that the Fed and Treasury can't issue one without explicit authorization…
Very pro-crypto
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Jake Auchincloss

@RepAuchincloss

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1. Prudential risk, in the form of run risk and payment-system risk. Registration, audit, and disclosure requirements for stablecoin issuers & custodians are the clear and present next steps.
Somewhat pro-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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3. Geo-economic. The USD must persist as the global reserve currency. That may not require a CBDC. Thoughtful research & regulation of fintech, sound monetary policy, rule of law, strong capital markets, a growing economy – these are the critical drivers of USD reserve status.
Somewhat pro-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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2. Systemic risk. The FSOC should continue to monitor and report on systemic risk from stablecoins, given how fast the industry is growing, but right now it’s modest and does not justify red tape that could lead to regulatory capture of crypto by banks.
Very pro-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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RT @BitcoinMagazine: JUST IN: 8 U.S. Congressmen sent SEC Chair Gensler a bipartisan letter regarding the SEC's #bitcoin & crypto reporting…
Very pro-crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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Trump is transactional. He’s trying to sell out Ukraine. So, the question is—who’s buying Trump? The Kremlin, by buying the Trump crypto coin. And if the president wants to prove me wrong, then release the records like I asked. pic.x.com/BVSBokriMz
Neutral on crypto
profile picture of Jake Auchincloss

Jake Auchincloss

@RepAuchincloss

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The Fed and Treasury have been considering issuing a central bank digital currency. My bipartisan bill makes clear that they would need congressional approval to mint a CBDC. pic.x.com/jKTTtP1YEW
Somewhat pro-crypto
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Ed Markey

@SenMarkey

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Good. Cryptomining’s extravagant electricity use is straining our grid, driving up prices, and harming our climate. We need to push the industry away from this extreme energy waste and @POTUS's tax is a good start. yahoo.com/news/biden-pro…
Very anti-crypto
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Ed Markey

@SenMarkey

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Cryptomining pollutes the atmosphere and leeches gigawatts from our grid. We need to pass my Crypto-Asset Environmental Transparency Act to protect our environment and hold this unchecked industry accountable. nytimes.com/2023/04/09/bus…
Very anti-crypto
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Ed Markey

@SenMarkey

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Cryptomining has a huge climate footprint, using as much energy a year as it takes to light every home in the country. That's why I'm convening today's hearing on the Crypto-Asset Environmental Transparency Act to hold these businesses accountable. Watch at @EPWCmte at 2:30pm ET. pic.x.com/6gyVTCnRk2
Very anti-crypto
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Ed Markey

@SenMarkey

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RT @EPWCmte: 📺 WATCH LIVE: EPW Subcommittee on Clean Air, Climate, and Nuclear Safety Chair @SenMarkey leads a hearing on the Crypto-Asset…
Very anti-crypto
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Ed Markey

@SenMarkey

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Texas cryptominers are burning fossil fuels, making millions in subsidies, and leaving Texans to struggle with an unreliable grid on the brink of collapse. I joined @SenWarren to demand answers from ERCOT about these payments. We need transparency. x.com/SenWarren/stat…
Very anti-crypto
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Ed Markey

@SenMarkey

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Cryptomining continues to sap electricity from the grid and supercharge the climate crisis. @SenWarren and I pushed for required energy reporting—now we need to pass my Crypto-Asset Environmental Transparency Act and tackle this problem. reuters.com/technology/us-…
Very anti-crypto
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Ed Markey

@SenMarkey

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When one year of U.S. Bitcoin mining creates as many carbon emissions as 7.5 million gas-powered cars—we have a problem. Today's hearing made that even clearer. The crypto industry is growing, but so is the fight for climate justice. We will hold these companies accountable. pic.x.com/EA2vPrjcTy
Very anti-crypto
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Ed Markey

@SenMarkey

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Big-money cryptomining companies are undermining decades of climate action with their carbon emissions. We must hold them accountable. I'm introducing the Crypto-Asset Environmental Transparency Act to do just that. bloomberg.com/news/articles/…
Very anti-crypto
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Lori Trahan

@RepLoriTrahan

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Crypto is here to stay. That’s why we can’t afford to wait any longer to establish guardrails that protect consumers and bring long-overdue transparency to this rapidly evolving industry.   I voted YES on the GENIUS Act because it’s a meaningful step toward ensuring that Americans who choose to invest in stablecoins are protected from fraud and abuse. This bill is far from perfect and more must be done to confront the blatant corruption we’re seeing from Donald Trump, who has shamelessly used his position as President to line his pockets with millions in crypto. I’ll keep fighting for strong anti-corruption legislation to stop the kind of self-dealing that’s happening in plain sight.   I voted NO on the CLARITY Act. I support a regulatory framework that distinguishes between digital assets, fosters innovation, and promotes responsible growth, but this bill simply doesn’t get us there. It’s riddled with loopholes and carveouts that leave everyday investors exposed to the kinds of volatile, often fraudulent crypto schemes we’ve seen too regularly with memecoins. It fails to strike the right balance between innovation and consumer protection. As the bill moves to the Senate, it’s critical that our colleagues strengthen it, starting with ensuring that states like Massachusetts retain the authority to crack down on fraud and abuse.   I believe we can support innovation in the crypto space while standing firmly against the predatory practices that have taken root in the absence of meaningful oversight. The future of digital assets should be built on transparency, accountability, and protections for everyday investors. That’s the balance I’ll keep fighting for.
Neutral on crypto
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Ayanna Pressley

@RepPressley

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RT @robblackwellAB: Rep. Pressley says "why should we trust the Fed" with creating a CBDC given how long it has taken Fed to get FedNow off…
Very anti-crypto
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Ayanna Pressley

@RepPressley

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RT @ByKyleCampbell: Rep Ayanna Pressley asks why the Fed should be trusted with designing a CBDC when it took so long to created and implem…
Very pro-crypto
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Seth Moulton

@RepMoulton

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RT @Dimi: Letter from top Republican & Democrat on House armed services strategic forces panel about #WyomingChineseCryptoMiner from Januar…
Very pro-crypto

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