Butler County Today

Warren Davidson, a member of the U.S. Congress representing Ohio's 8th district, shared his views on various topics through a series of tweets on February 11, 2025. Davidson, who has been serving in Congress since 2016 after succeeding John Boehner, addressed issues ranging from cryptocurrency leadership to stablecoin legislation.

In a tweet posted at 14:31 UTC, Davidson commented on the public reaction to Elon Musk's involvement with Dogecoin. He stated, "They’re big mad about @elonmusk leading @doge because his level of talent and ability to publicize are essentially unmatched." He also mentioned that similar concerns have been raised by organizations like Citizens Against Government Waste (CAGE).

Later that day at 16:32 UTC, Davidson turned his attention to stablecoin legislation. He emphasized the importance of Commodity Backed Stable Coins (CBSC), asserting that they should be legally recognized as payment stable coins due to their backing by physical commodities. He tweeted, "Commodity Backed Stable Coins (CBSC) must exist and be protected by laws recognizing them as payment stable coins."

Continuing his discussion on stablecoins at 16:58 UTC, Davidson questioned why one might prefer stablecoins over traditional bank deposits. He noted the advantages of stablecoins being fully reserved with audited balances compared to banks' fractional reserves. In his words, "Why would anyone prefer a stablecoin to traditional bank deposits?" He highlighted instances such as Silicon Valley Bank where bank defaults have occurred.