Rep. Al Green (D-Texas) has taken a strong stance against a crypto super PAC’s plans to spend $1.5 million to oppose him, stating that lawmakers cannot allow the crypto industry to own Congress.
In a video statement shared on Friday, Green expressed his concerns about the growing influence of the crypto industry in politics. He stated, “They’re going to do whatever they can to maintain their dominance that they have with some members of Congress, but not with me.”
Green’s comments come after a crypto super PAC, known as the “Crypto for Congress” PAC, announced its plans to spend $1.5 million on ads and other efforts to oppose Green’s re-election campaign. The PAC, which is backed by major players in the crypto industry, aims to support candidates who are pro-crypto and oppose those who are not.
Green, who has been a vocal critic of the crypto industry, believes that this move by the PAC is an attempt to buy influence in Congress. He stated, “We cannot allow the crypto industry to own Congress. We must ensure that our lawmakers are not swayed by the deep pockets of special interest groups.”
The congressman also expressed his concerns about the lack of regulation in the crypto industry, stating that it poses a threat to the stability of the financial system. He believes that the industry needs to be closely monitored and regulated to protect consumers and prevent illegal activities such as money laundering and fraud.
Green’s stance has received support from other lawmakers, who share his concerns about the growing influence of the crypto industry in politics. Rep. Maxine Waters (D-Calif.), who chairs the House Financial Services Committee, has also been a vocal critic of the industry and has called for stricter regulations.
The crypto industry, on the other hand, argues that it is a legitimate and innovative sector that should not be stifled by excessive regulations. They believe that their contributions to the economy and job market should be recognized and supported by lawmakers.
However, Green remains firm in his stance and believes that the crypto industry’s attempts to influence Congress will not work on him. He stated, “I will continue to stand up for what is right and fight against any attempts to buy influence in Congress. My loyalty lies with the American people, not with special interest groups.”
Green’s strong stance against the crypto industry has earned him praise from his constituents and fellow lawmakers. Many see him as a champion for consumer protection and a voice against the growing influence of special interest groups in politics.
In conclusion, Rep. Al Green’s statement against the crypto super PAC’s plans to oppose him sends a strong message to the industry that their attempts to buy influence in Congress will not be tolerated. As the debate over regulation of the crypto industry continues, it is important for lawmakers to prioritize the interests of the American people and not be swayed by special interest groups. Green’s unwavering stance serves as a reminder that the power of democracy lies in the hands of the people, not in the pockets of special interest groups.
