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Jamaal Bowman

Jamaal Bowman (D)

Crypto Sentiment

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Notable statements

Rep. Jamaal Bowman has 2 statement(s) about crypto.

"The emissions and energy consumption needed to mine cryptocurrency is a threat to any hope we have of staving off climate change. Some people have money to burn, and it’s burning up our planet."

@JamaalBowmanNY June 14, 2022 on Twitter

"To run our federal banking system, @POTUS is choosing either: - @MehrsaBaradaran, an expert on the racial wealth gap who supports reparations and postal banking - Michael Barr, who has protected the exploitative powers of fintech and cryptocurrency The choice here is obvious."

@JamaalBowmanNY June 14, 2022 on Twitter

Crypto bill sponsorship

Rep. Jamaal Bowman has put out 1 crypto bill.

Automatic Boost to Communities Act

H.R. 1030
Co-sponsored
Bill pending

This bill creates the Boost Communities Program to provide monthly aid during and after the COVID-19 (i.e., coronavirus disease 2019) emergency. Specifically, the bill provides $2,000 a month to individuals until the COVID-19 emergency declaration is terminated, or the national unemployment rate meets specified criteria, whichever is later. Furthermore, the bill provides $1,000 a month to individuals during the following year. The program also provides targeted supplemental assistance for at-risk populations.

The bill provides for the distribution of these funds through direct deposit, debit cards, and the establishment of digital dollar wallets.

The Department of the Treasury is directed to mint and issue two $1 trillion platinum coins and additional coins as needed to fund the program. The Federal Reserve is directed to purchase the coins.

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