Marjorie Taylor Greene Advocates for Protecting the “Rights” of Crypto Owners
After the Canadian government threatened to seize the cryptocurrency used to fund protests by truckers at the U.S. border, Representative Marjorie Taylor Greene called for additional protections for cryptocurrency owners.
The Republican from Georgia took to Twitter days after Canadian Prime Minister Justin Trudeau announced his government was invoking emergency powers to end a week-long protest by truckers against vaccine requirements for the COVID-19. Trudeau and other government officials have said they will target financial assets used to support the protests, including decentralized cryptocurrencies, such as Bitcoin.
“As Trudeau has become a full-fledged dictator in Canada and steals Canadian Crypto wallets, Democrats and big banks are lining up to take their share of #Crypto and #blockchain,” Greene said in his tweet.
She added, “Joe ‘the big guy’ Biden always gets his cut. Protect the rights of the Crypto currency owner.”
Newsweek contacted Greene’s office for comment.
Trudeau and other Canadian government officials announced on Monday that they were invoking the Emergencies Act for the first time, giving authorities sweeping powers to stop the blockade of the Freedom Convoy that had occupied the nation’s capital and important border crossings.
“We are expanding the scope of Canada’s anti-money laundering and anti-terrorist financing rules to cover crowdfunding platforms and the payment service providers they use,” the vice-president said Monday. Prime Minister and Finance Minister Chrystia Freeland. “These changes cover all forms of transactions, including digital assets such as cryptocurrencies.”
Earlier in the protests, truckers had turned to crowdfunding sites, such as GoFundMe, to raise funds. After GoFundMe abandoned the Freedom Convoy campaign, protesters began turning to cryptocurrencies, raising over $900,000 in Bitcoin donations, according to Markets Insider.
Freedland said on Twitter Monday that since the government invoked the law, law enforcement agencies have shared information with Canada’s financial institutions, which have already begun to act.
It’s unclear what exact concerns Greene has regarding the Biden administration’s handling of cryptocurrencies.
His comments on Twitter coincided with the US Department of Justice announcing a new division chief specifically targeting cryptocurrency crimes.
Eun Young Choi will lead the national cryptocurrency enforcement team. The unit will analyze blockchain, the technology used for cryptocurrency transactions, and examine how it is used to facilitate the legal and illegal transfer of assets. The department created the unit in response to the scams that have accompanied the growing popularity of cryptocurrencies.
The $1.2 trillion infrastructure bill signed by President Joe Biden last year included a provision requiring tax reporting of digital assets, including cryptocurrencies and non-fungible tokens, or NFTs, according to CNBC. Specifically, the bill requires companies to report when they receive more than $10,000 in cryptocurrency.
Newsweek contacted the White House for comment.