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BTC Pulse 2025-01-04 18:16:48

Georgia Congressman Mike Collins Discloses Altcoin Investments to Kick Off 2025

Georgia Congressman Mike Collins Discloses Altcoin Investments to Kick Off 2025

Crypto Disclosure Amid Congressional Session Start As the 119th session of Congress got underway, Georgia Representative Mike Collins filed a financial disclosure revealing investments in cryptocurrency. In a report filed on January 1, Collins revealed he had purchased between $1,001 and $15,000 in Ski Mask Dog (SKI), a token that saw huge value appreciation just days after his transactions in December. The timing of Collins’ purchases coincided with a broader rally in the cryptocurrency market, raising questions about the motivations behind his investments. SKI, which traded under $0.01 for months, surged to an all-time high of over $0.35 in December, settling at approximately $0.25 by early January. Altcoin Portfolio Details Alongside SKI, Collins also disclosed positions in other digital currencies such as Ethereum (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT). The buys mark an emerging pattern from public figures actively using the space of digital assets; meanwhile, Collins is one of a small minority that reports his positionings publicly. Required STOCK Act disclosures detail that Collins has been active in the space, having made three separate SKI transactions in December. Each valued up to $15,000, the purchases came shortly after Collins won reelection in Georgia’s 10th congressional district with 63% of the vote. STOCK Act Compliance and Lawmaker Scrutiny Crypto disclosures by Collins now make him the first member of Congress to report such transactions in 2025. The STOCK Act requires lawmakers to report substantial financial activity, including trades of digital assets, within a 45-day window. Critics of the current disclosure system say it slips on a number of potential conflicts of interest for lawmakers who have an influence over laws and regulations on finance. A good number of members of Congress have called for stricter rules, including a prohibition against stock and crypto trading for sitting legislators. Crypto in Congress: Growing Trends While Collins has not made digital assets a centerpiece of his political platform, support for legislation such as the Financial Innovation and Technology (FIT21) Act suggests a desire to foster innovation in the crypto industry. As Congress considers possible changes to the STOCK Act, Collins’ investments-and those of other lawmakers-may be increasingly scrutinized, further fueling debates about the role of cryptocurrency in public office.

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