Under the 2012 STOCK (Stop Trading on Congressional Knowledge) Act, members of congress and other government employees are required to report stock, bond, and cryptocurrency transactions of more than $1,000 within 45 days of their execution.
Here is a list of the top 5 crypto options, with a few more notable ones:
Top 5 crypto options for the US Congress
The first is Bitcoin (BTC), which is widely available among policymakers. Senator of Wyoming (Sen.) Cynthia Lummis, a popular speaker on crypto policy, disclosed her first purchase of Bitcoin in 2013. Others who bought BTC are Sen. Ted Cruz and Representatives (Rep.) Byron Donalds and Guy Reschenthaler, who have a reported net worth of $00.0,000,000,000.
Other lawmakers, such as Rep. Sheri Biggs and Sen. Dave McCormick, has exposure to Bitcoin through ETFs from Valkyrie, VanEck, and Ether. Meanwhile, several others, such as Sen. Sheldon Whitehouse, has invested in Bitcoin-related companies, including PayPal, BlackRock, and The Block (formerly Square).
The second is Ethereum (ETH), which is held by members of Congress such as Reps. Mike Collins and Barry Moore, who were previously holding up to $60,000 in ETH. Rep. Marjorie Taylor Greene and Sen. Dave McCormick invested in Ethereum ETFs.
The third is Solana (SOL) and the fourth is XRP, both of which were reported by Rep. Guy Reschenthaler, and each is worth up to $15,000. The fifth is Cardano (ADA), revealed by Reps. Barry Moore and Mike Collins, the former had a share worth up to $45,000.
Unknown coins
When above making top 12 cryptocurrencies by market cap, policymakers have also created other foreign currencies. Rep. Mike Collins bought Ski Mask Dog (SKI), while Rep. Madison Cawthorn holds and promotes LGB Coin.
Other funds in the group include The Graph (GRT), Velodrome (VELO), and Aerodrome Finance (AERO).
In the last 24 hours, all cryptocurrencies have gained between 1.8% and 4% following changes in the geopolitical and macroeconomic environment.
Source: CoinMarketCap price
SKI, however, looks better, down 2.86%.
Source: CoinMarketCap price
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