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profile picture of Frank Pallone Jr

Frank Pallone Jr

Democratic Congressperson from New Jersey, 6

Notable statements

profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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This might be Trump’s biggest grift yet. He’s pushing a U.S. crypto stockpile while his own meme coin trades on the market, a huge conflict of interest. The gov’t hoarding risky tokens isn’t a strategy — it’s gambling with taxpayer dollars. Insiders profit, while Americans bear the risk.
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Very anti-crypto
profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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Trump and the Republicans want to completely deregulate the crypto industry, which will only help scammers take advantage of inexperienced investors while avoiding taxes on their Ill gotten gains. wsj.com/finance/curren…
Very anti-crypto
profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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Even the crypto industry can see right through Trump's cash grab. It's painfully obvious that Trump is using the presidency to enrich himself and take advantage of inexperienced investors to sell meme coins that have no real value. nytimes.com/2025/01/25/us/…
Neutral on crypto
profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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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/…
Very anti-crypto
profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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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.
Very anti-crypto
Very anti-crypto
profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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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. pic.x.com/afAMUq7K3s
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Somewhat anti-crypto
profile picture of Frank Pallone Jr

Frank Pallone Jr

@FrankPallone

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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. x.com/EnergyCommerce…
Very anti-crypto