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Afl-Cio Scoring Crypto Bills

Floor Speech

Date: July 17, 2025
Location: Washington, DC

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Mr. SHERMAN. Mr. Speaker, today is the so-called culmination of crypto week.

The AFL-CIO has sent a letter to every Member, saying that these bills are an attack on working families and that they will score your vote on these issues, and to vote ``no'' on both bills.

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Mr. SHERMAN. Mr. Speaker, this shows what Trump had to say about crypto before he learned he could make money from it.

The bills we have allow the President and the Vice President to sponsor crypto. It means they can print their electronic monopoly money. China is buying $300 million, and Abu Dhabi has agreed to buy $2 billion of Trump coin or Trump stablecoin.

It allows for bailouts by the Fed. Jerome Powell won't bail out Trump coin, but the next Fed Chair will.

It allows for the purchase with your U.S. tax dollars of Bitcoin or Trump coin.

The third bill says that innovation is wonderful except if the U.S. Government does it.

Vote ``no'' on all three bills.

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