After the Canadian authorities threatened to grab cryptocurrency used to fund trucker protests on the U.S. border, Consultant Marjorie Taylor Greene known as for added protections for cryptocurrency homeowners.

The Georgia Republican took to Twitter days after Canadian Prime Minister Justin Trudeau introduced that his authorities was invoking emergency powers to finish the weekslong protest by truckers towards COVID-19 vaccination necessities. Trudeau and different authorities officers mentioned they might goal monetary property used to again the protests, together with decentralized cryptocurrencies, corresponding to Bitcoin.

"As Trudeau has gone full dictator in Canada and stealing Canadian's Crypto wallets, Democrats and Huge Banks are lining as much as take their lower of #Crypto and #blockchain," Greene mentioned in her tweet.

She added, "Joe 'the massive man' Biden at all times will get his lower. Defend Crypto forex proprietor's rights."

Newsweek has reached out to Greene's workplace for remark.

Marjorie Taylor Greene Speaks
On Thursday, U.S. Consultant Marjorie Taylor Greene known as for protections for cryptocurrency customers. Above, Greene speaks at a information convention held one 12 months after the January 6, 2021, assault on the U.S. Capitol in Washington, D.C.Anna Moneymake/Getty Photos

Trudeau, and different Canadian authorities officers, introduced on Monday they had been invoking the Emergencies Act for the primary time, giving authorities sweeping powers to cease the Freedom Convoy blockade that had occupied the nation's capital and essential border crossings.

"We're broadening the scope of Canada's anti-money laundering and terrorist-financing guidelines in order that they cowl crowdfunding platforms and the cost service suppliers they use," Deputy Prime Minister and Minister of Finance Chrystia Freeland mentioned on Monday. "These modifications cowl all types of transactions, together with digital property corresponding to cryptocurrencies."

Earlier within the protests, truckers had turned to crowdfunding websites, corresponding to GoFundMe, to lift cash. After GoFundMe dropped the Freedom Convoy marketing campaign, protesters started turning to cryptocurrencies, elevating over $900,000 in Bitcoin donations, based on Markets Insider.

Freedland mentioned on Twitter on Monday that for the reason that authorities invoked the act, regulation enforcement companies have shared info with Canada's monetary establishments, which have already begun taking motion.

It is not clear what actual considerations Greene has relating to the Biden administration's dealing with of cryptocurrencies.

Her feedback on Twitter coincided with the U.S. Division of Justicesaying a brand new division head particularly focusing on cryptocurrency crimes.

Eun Younger Choi will head the Nationwide Cryptocurrency Enforcement Workforce. The unit will analyze blockchain, the expertise used for cryptocurrency transactions, and can look into the way it's used to facilitate each the authorized and unlawful switch of property. The division created the unit in response to scams which have accompanied the rising reputation of cryptocurrencies.

The $1.2 trillion infrastructure invoice signed by President Joe Biden final 12 months included a provision requiring tax reporting for digital property, together with cryptocurrencies and nonfungible tokens, or NFTs, based on CNBC. Particularly, the invoice requires companies to report once they obtain greater than $10,000 in cryptocurrency.

Newsweek has reached out to the White Home for remark.