More U.S. Congressmen appear to be taking positions in the broader crypto industry, according to a recent report by Unusual Whales, a platform that tracks unusual market activity. cryptocoin.com We are citing 9 altcoin projects that US lawmakers have invested in…
Bitcoin and altcoin investment of lawmakers revealed
Despite the uncertainty created by the infrastructure law and the volatile relationship between cryptocurrencies and the US Securities and Exchange Commission (SEC), members of Congress traded $290 million in stocks, $140,000,000 in options and $124,000,000 in private equity funds and cryptocurrencies. According to the report, members made a total of 25 direct transactions in 12 different cryptocurrencies. The heaviest amount was approximately $100,000 worth of BTC, which Senator Cynthia Lummis purchased between 2013 and 2021.
A very outspoken and ardent crypto supporter, Senator Pat Toomey bought just $30,000 in crypto last year. It added GBTC and ETHE trust funds to its portfolio during the period. Alabama representative Barry Moore has saved $45,000 in Cardano (ADA) and $15,000 in Ethereum (ETH). The politician was also involved in the DOGE craze, so it is believed that he still holds a significant portion of the meme coin.
Mark Green, who was the first MP to make cryptocurrencies public with the purchase of BAT and CELO in March 2021; In April, it added XLM, LINK, DOGE, ETC and EOS to its portfolio. Most recently, Democrat Marie Newman, along with Senator Toomey, bought at least $50,000 of shares in the Grayscale Bitcoin Trust (GBTC).
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.