Cryptocurrency The relationship between the world and the US Congress has always been turbulent. However, with the cryptocurrency regulation debates in the country and the pro-crypto attitude of some names in Congress, things may get more complicated in the near future.
According to the report published by Unusual Whales, members of Congress have already started investing in the cryptocurrency industry. While some members are directly dealing with crypto assets, the latest report examined members who bought cryptocurrencies both directly and indirectly.
Despite the uncertainty created by Biden’s infrastructure bill, the US Congress has invested $290 million in equities, $140 million in the options market, and $124 million in other assets, including cryptocurrencies.
US Congressmen Attract Attention for Investing in Different Altcoins
According to the report, Washington made 25 different trades with 12 different cryptocurrencies. The world’s largest cryptocurrency bitcoinHe also maintained his leadership among the members of Congress. Senator Cynthia Lummis bought approximately $100,000 worth of BTC between 2013 and 2021.
Expressing his support for the crypto world at every opportunity, Senator Pat Toomey bought only $30,000 in crypto money last year. The Senator also added GBTC and ETHE shares to his basket during the same period.
Members of the House of Representatives are also in the cryptocurrency world altcoin made the purchases. Barry Moore, Alabama representative, paid $45,000 last year. cardano and $15,000 Ethereum added to his wallet. The senator in question also dogecoin He is also known for participating in the fury.
Republican member Mark Green bought BAT and CELO in March 2021 and added it to his cart in April. XLM, LINK, DOGE, ETC and EOS added altcoins. Despite this, Green did not express any opinion on cryptocurrencies.
Although it did not attract much attention, Democratic member Marie Newman made a purchase of at least $ 50,000 from the Grayscale Bitcoin Trust.
*Not investment advice.