Benzinga - While the topic of stocks and other equities on Capitol Hill has been a contentious topic, crypto ownership by politicians has been less discussed.
The Stop Trading on Congressional Knowledge (STOCK) Act, passed in 2012 and amended in 2018, requires all politicians to disclose trades of stocks, bonds, commodities and crypto within 45 days of the trade. Because of this act, politicians who own crypto, when they bought it and a general sense of how much are revealed. Take a look at some of the more notable trades.
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Rep. Mark Green (R-Tennessee)
In early 2021, Rep. Mark Green bought a slew of cryptocurrencies. Here is a list of the trades:- Between $2,000 and $30,000 of Ethereum Classic (ETC)
- Between $2,000 and $30,000 of Dogecoin (DOGE)
- Between $1,000 and $15,000 of Chainlink (LINK)
- Between $1,000 and $15,000 of EOS (EOS)
- Between $1,000 and $15,000 of Stellar Lumens (XLM)
A few months after making these trades, he sold some of his ETC, DOGE, LINK and XLM. A week later, in May 2021, he bought between $1,000 and $15,000 of Basic Attention Token (BAT) and Celo (CELO), which he sold several days later.
Sen. Ted Cruz (R-Texas)
In January 2022, Sen. Ted Cruz, an avid supporter of crypto, bought between $15,000 and $50,000 worth of Bitcoin. Cruz has not sold his holdings. At the time, Bitcoin was trading at a price of around $38,000.Sen. Pat Toomey (R-Pennsylvania)
In June 2021, Pennsylvania's Pat Toomey bought between $1,000 and $5,000 of both the Grayscale Ethereum Trust (ETH) and the Grayscale Bitcoin Trust (GBTC).Toomey is a strong supporter of crypto, helping draft or cosponsor multiple amendments that could have done things such as making crypto miners more tax exemptions or allowing stablecoins to not be treated as securities.
Sen. Cynthia Lummis (R-Wyoming)
While it cannot be confirmed, Sen. Cynthia Lummis claims to have bought Bitcoin as early as 2013. It can be confirmed that she bought between $50,000 and $100,000 of Bitcoin in 2021 and between $100,000 and $250,000 of Bitcoin in 2022.Rep. Michael McCaul (R-Texas)
Long-standing Congress member Michael McCaul bought between $1,000 and $15,000 of Grayscale Bitcoin Trust (GBTC) in early 2021.Rep. Madison Cawthorn (R-North Carolina)
Rep. Madison Cawthorn is relatively new to Congress, joining in 2021, but placed some notable trades within her first few months in office:- Between $116,000 and $265,000 of Kryll (KRL)
- Between $61,000 and $215,000 of Ethereum (ETH)
- Between $48,000 and $195,000 of Solana
- Between $47,000 and $180,000 of Bitcoin
- Between $3,000 and $45,000 of Request (REQ)
- Between $15,000 and $50,000 of Let’s Go Brandon (LGB)
In a previous release, she reported buying as much as $250,000 of Let's Go Brandon (LGB) and selling at least $100,000 10 days later. In total, the trades hold a notional value of between $260,000 and $950,000.
Rep. Kenny Merchant (R-Texas)
In October 2020, former Texas Congressman Kenny Merchant bought between $2,000 and $30,000 of Grayscale Bitcoin Trust (GBTC). Since Merchant left office in early 2021, it is unknown whether he sold the GBTC or is still holding it.Rep. Felix Barry Moore (R-Alabama)
Rep. Felix Barry Moore was a member of the Alabama House of Representatives from 2010 to 2018 and subsequently joined the U.S. House of Representatives in 2021. Shortly after getting voted into the House, he made a few trades:- Between $3,000 and $45,000 of Cardano (ADA)
- Between $1,000 and $5,000 of Dogecoin (DOGE)
- Between $1,000 and $5,000 of Ethereum (ETH)
The trades occurred in May 2021. In October 2021, he sold between $1,000 and $5,000 of his ADA holdings.
Rep. Michael Waltz (R-Florida)
In June 2021, Rep. Michael Waltz bought between $15,000 and $50,000 of Bitcoin twice. The first trade occurred on June 14 and the second on June 16.Read Next:
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