Does Ed Markey SEN. Support Crypto?

Voted against a bill on 2024-05-16

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.

Vote Type

Final Passage Out Of Senate

Ed Markey

@SenMarkey

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-…

2024-01-31T21:38:43.000Z

Ed Markey

@SenMarkey

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…

2023-05-03T00:06:28.000Z

Ed Markey

@SenMarkey

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…

2023-04-11T18:29:56.000Z

Ed Markey

@SenMarkey

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.

2023-03-07T23:35:01.000Z

Ed Markey SEN. reposted the post below

Senate EPW Democrats

@EPWCmte

WATCH LIVE: EPW Subcommittee on Clean Air, Climate, and Nuclear Safety Chair @SenMarkey leads a hearing on the Crypto-Asset Environmental Transparency Act of 2023.

2023-03-07T19:30:53.000Z

Ed Markey

@SenMarkey

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.

2023-03-07T18:02:10.000Z

Ed Markey

@SenMarkey

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/…

2022-12-08T20:40:42.000Z

Ed Markey

@SenMarkey

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.

Elizabeth Warren

@SenWarren

Consumers shouldn't have to subsidize cryptomining's profits and exorbitant energy use, which rivals that of entire nations. I'm working with @RepAlGreen to get answers about the risks cryptomining poses to the climate, grid, and energy bills. theverge.com/2022/10/12/234…

2022-10-12T21:29:32.000Z

2022-10-13T17:30:41.000Z