Rep. Man Reschenthaler (R-Pa) lately disclosed varied cryptocurrency purchases.
The 41-year-old US lawmaker now owns such cryptocurrencies as Ripple-linked XRP, Solana 
SOLUSD, and Bitcoin 
BTCUSD. All of those purchases have been within the vary of $1,000-$15,000.
Mike Collins (R-Ga) additionally disclosed a purchase order of Ski Masks Canine (SKI) earlier this yr.
Barry Moore (R-Al) and Jeffrey Jackson (D-NC) are additionally among the many U.S. lawmakers who beforehand reported important cryptocurrency transactions.
Again in 2021, the Wall Road Journal reported {that a} whole of 11 members of Congress have been cryptocurrency holders, with 9 of them being Home representatives.
Within the meantime, the U.S. Senate may have a committee particularly devoted to digital belongings.
This committee shall be spearheaded by Sen. Cynthia Lummis (R-Wyo.), who famously got here up with a invoice that may require the Treasury to buy a whopping 1 million Bitcoins over the course of 5 years.
The 70-year-old senator beforehand claimed that she had purchased Bitcoin for the primary time again in 2013. She later disclosed one other buy in 2021.
The U.S. Home Ethics Committee issued a memo that required Home members to reveal cryptocurrency holdings exceeding $1,000 again in 2018. Previous to that, the cryptocurrency transactions of U.S. lawmakers have been unknown because the disclosure guidelines for shares and bonds didn’t embrace the newfangled asset class.
Such legally mandated disclosed are essential to see whether or not lawmakers have pores and skin within the recreation.
Sen. Elizabeth Warren (D-Mass) lately opined that crypto investing represented “a horrible battle of curiosity” for lawmakers, and she was glad that the variety of members of Congress who maintain crypto was comparatively low.
