Does Frank Pallone Jr Support Crypto?

Voted against a bill on May 23rd, 2024

Bill Name

CBDC Anti-Surveillance State Act

Details

To amend the Federal Reserve Act to prohibit the Federal Reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.

Voted against a bill on May 22nd, 2024

Bill Name

FIT21

Details

Financial Innovation and Technology for the 21st Century Act

Voted against a bill on May 8th, 2024

Bill Name

SAB 121 House Joint Resolution

Details

For congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121". This staff accounting bulletin expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.

Rep. Frank Pallone

@FrankPallone

This is a real concern. It’s why my @EnergyCommerce Committee is actively investigating the impacts cryptomining companies have on our grid & the environment. It's critical that they mitigate their fossil fuel use & climate pollution in this emerging space.bloomberg.com/news/articles/…

2022-09-10T17:39:26.000Z

Rep. Frank Pallone

@FrankPallone

Today’s letters follow a hearing my @EnergyCommerce Committee held in January and are a continuation of our investigation into crypto’s impacts on our energy grid and climate goals. I look forward to getting answers.

2022-08-17T20:28:23.000Z

Rep. Frank Pallone

@FrankPallone

Cryptomining can burn an enormous amount of fossil fuels, presenting a huge challenge in our fight against the #ClimateCrisis. Today I’m demanding answers from crypto companies on what they’re doing to mitigate energy use & offset their climate pollution. energycommerce.house.gov/newsroom/press…

2022-08-17T20:28:23.000Z

Rep. Frank Pallone

@FrankPallone

Blockchain technology and #Cryptocurrency bring enormous promise but some blockchains are consuming enormous amounts of energy. Today, I held a #SubOversight hearing on this energy usage and how the crypto industry can assist us in achieving our climate goals.

2022-01-20T18:36:44.000Z

Rep. Frank Pallone

@FrankPallone

As cryptocurrency swiftly rises in popularity, we must understand and address the environmental impacts it is having on our communities and our planet. That’s why I’m holding a hearing on cryptomining’s growing energy footprint so we can prepare for cleaner alternatives.

Energy & Commerce Democrats

@EnergyCommerce

NEWS: #SubOversight announces a hearing on the energy impacts of cryptocurrencies.

2022-01-12T21:42:15.000Z

2022-01-13T14:04:31.000Z