U.S. Congressman Keeps XRP, Bitcoin & Solana
U.S. Congressman Guy Reschenthaler (R-Pa) recently revealed his crypto holdings. The 41-year-old US lawmaker owns Bitcoin, Solana (SOL), and XRP. Mike Collins (R-Ga) revealed that he acquired Ski Mask Dog (SKI). Nine of the 11 members of Congress who owned cryptocurrency were House representatives, according to a 2021 Wall Street Journal report.
Senator Cynthia Lummis (R-Wyo) will lead this committee. She infamously proposed a bill requiring the Treasury to buy a staggering one million Bitcoins over five years.
Ripple’s leader, Brad Garlinghouse, recently called the U.S Congress “the most pro-crypto” in history.
Republicans controlled both chambers for the first time in six years. Mike Johnson, who supports Trump, was re-elected as the first-ballot US House Speaker on Friday by a vote of 218–215. The cryptocurrency community, including the CEO of Ripple, was quick to commend the new administration.
The 70-year-old lawmaker stated that she made her first Bitcoin purchase in 2013. The House Ethics Committee released a memo in 2018, mandating that members of the House report any cryptocurrency holdings exceeding $1,000.
However, Senator Elizabeth Warren (D-Mass), stated cryptocurrency investing is “a terrible conflict of interest” for legislators. She expressed her satisfaction that there aren’t many members of Congress who own cryptocurrency.
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