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Cryptopolitan 2025-01-10 23:22:07

U.S. lawmaker reveals his BTC, XRP and SOL holdings

U.S. lawmaker reveals his BTC, XRP and SOL holdings

Several U.S. lawmakers have revealed their investment in cryptocurrencies, revealing that more and more politicians are involved in the crypto market. Some of them include Rep.Guy Reschenthaler (R-Pa.) and Rep.Mike Collins (R-Ga.), who have invested in cryptocurrency. Recently, Rep. Reschenthaler disclosed that he holds some cryptocurrencies, such as Ripple (XRP), Solana (SOL), and Bitcoin (BTC). His assets are worth between $1,000 and $15,000 in total. This is in line with the Stop Trading on Congressional Knowledge (STOCK) Act, which prohibits members of the United States Congress from buying and selling stocks and other cryptocurrencies. Rep. Mike Collins and others join the trend Rep. Mike Collins from Georgia revealed earlier this year that he bought Ski Mask Dog (SKI), a relatively unknown cryptocurrency. He revealed that he had invested between $1,001 and $15,000 in Ski Mask Dog (SKI). The disclosure report shows that Rep. Collins bought Ski Mask Dog three times in succession on the 1st, 2nd, and 3rd of December 2024. Each purchase was made in the $1,001-$15,000 range, which corresponds to the period of increasing prices of many cryptocurrencies. In the past, he revealed purchasing Ether (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT). Source: US House of Representatives Others include Rep. Barry Moore (R-Al) and Rep. Jeffrey Jackson (D-NC) who also revealed high-value cryptos transactions. With interest in cryptocurrencies on the rise, the U.S. Senate is stepping in to regulate digital assets. Sen.Cynthia Lummis (R-Wyo.) will head a new committee on digital assets. Lummis is a vocal supporter of cryptocurrency and has submitted a bill that mandates the US Treasury to buy 1 million Bitcoins in five years. Lummis has also revealed her own Bitcoin transactions, with the first one made in 2013. Donald Trump’s rising crypto portfolio Apart from Congress, U.S. President-elect Donald Trump has also come under the radar regarding his crypto investments. Recent report shows that he has accumulated more than $11 million worth of crypto assets, mostly due to the Trump-based memecoin. Trump’s assets include various cryptocurrencies, including Ether (ETH), Ripple (XRP), USD Coin (USDC) and several memecoins. However, he has no investment in BTC, though he once expressed the desire to use it to pay off the national debt. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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