While I commend the twelve Republican representatives who voted against the “GENIUS Act,” I would have joined them in voting NO for entirely different and, I believe, more critical reasons.
True technological leadership is not about adopting every innovation for every purpose, but about applying it with precision where it can have the most decisive impact for our nation.
My opposition is not rooted in a desire for less regulation, but in the conviction that we are fundamentally misinterpreting the strategic value of digital asset technology.
Many have spoken about the need for American leadership in technology and the potential of digital assets. While it’s wise to pay attention to what global competitors like China are doing in the crypto space, the current conversation around cryptocurrency for everyday infrastructure and investment is a dangerous distraction from its most vital use case: national security.
The proliferation of unregulated cryptocurrencies in peacetime poses a significant and ongoing risk. These assets can be, and are, exploited by adversaries to evade sanctions, finance illicit activities, and undermine the stability of the global financial system.
Instead of forcing this volatile technology into our peacetime financial system, we should harness its core strengths for when our nation’s security is on the line. I propose we treat the infrastructure of cryptocurrency—the underlying blockchain technology and ASICs—as a strategic military asset to be activated only in times of declared war, much like the mobilization of war bonds. This approach isn’t about the speculative value of coins; it is about leveraging a decentralized, resilient network that can be deployed by the military upon a formal declaration of war by Congress.
Such a policy, which could be enacted through a “Wartime Digital Asset Act,” would restrict the general use of cryptocurrencies during peacetime while focusing government-led research and development on creating a secure, military-grade digital asset infrastructure.
This strategy directly addresses the national security risks of an unregulated crypto market while giving the United States a powerful economic and strategic tool in a time of conflict.
REMEMBER PLEASE: True technological leadership is not about adopting every innovation for every purpose, but about applying it with precision where it can have the most decisive impact for our nation.
Whatever their specific reasoning, these representatives demonstrated courage in standing against the prevailing current. They deserve recognition for their “NO” vote.
Give these Reps a follow for voting NO on “GENIUS”:
When it comes to the risks of “stable”coins and the broader crypto ecosystem, these dozen are some of the only ones in Washington showing common sense. The GENIUS Act was a mistake, and it’s a shame it wasn’t met with a veto.
On a personal note, a special acknowledgment to Rep. Chip Roy. After his tireless work on the budget and dealing with the recent devastating floods in Texas, his continued diligence is commendable.
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