According to a new report disclosure, people in Congress own crypto, and where their investments lie!
Recently, the overall value of cryptocurrency swelled above $3 trillion in November. Well, thanks to the new investors, including a few of the Congress members.
Further, the foremost name on the list of the Congress is Sen Cynthia Lummis (R-WY). She is a famous crypto booster who has formerly disclosed that she owns Bitcoin. As reported by a filing from earlier this year, Lummis bought up to $100,000 worth of Bitcoin. Also, she used a platform called River for this purpose.
Another Congress member, Rep. Jeff Van Drew (R-NJ), disclosed he holds up to $250,000. He holds up this investment trust with crypto giant Grayscale. On the other hand, freshman Rep. Jake Auchincloss (D-MA) reported owning $1,000-$15,000 of equity in Flipside Crypto’s crypto analytics firm.
Moreover, other crypto owners in Congress are Rep. Barry Moore (R-AL). He disclosed that he invested $15,000 in cryptocurrency. However, he doesn’t disclose more details about the coins he bought or obtained.
In addition, Marie Newman (D-Il) also demonstrated that her husband had exchanged the Coinbase stock at least 16 times. Also, this exchange includes a recent trade valued at $50,000 to $100,000 and brought up to $50,000 in Grayscale’s Bitcoin Trust.
Furthermore, Congress has 535 voting House members and Senators in total. So, it may be possible that others are also owning the crypto. They also have bought the crypto but failed to disclose it.
