Rep. Guy Reschenthaler (R-Pa.) recently revealed his investments in Bitcoin (BTC), Ripple-linked XRP, and Solana (SOL), disclosing a total holding between $1,000 and $15,000. This disclosure was made in compliance with the Stop Trading on Congressional Knowledge (STOCK) Act, which mandates that lawmakers report financial investments exceeding $1,000.
Reschenthaler’s revelation places him among a growing number of U.S. lawmakers who have publicly shared their cryptocurrency holdings. This includes Rep. Mike Collins (R-Ga.), who also made headlines earlier this year by revealing investments in various cryptocurrencies. Collins disclosed his purchases of Ski Mask Dog (SKI), Ether (ETH), Velodrome (VELO), and The Graph (GRT), with each transaction valued between $1,001 and $15,000.
Other members of Congress, including Rep. Barry Moore (R-Al) and Rep. Jeffrey Jackson (D-NC), have also made significant cryptocurrency investments in recent years, reinforcing the increasing presence of digital assets in U.S. politics. A 2021 Wall Street Journal report noted that 11 members of Congress owned cryptocurrency, with nine of them hailing from the House of Representatives.
As cryptocurrencies gain more attention, the U.S. Senate is moving to establish a committee to oversee digital currency. This committee will be led by Sen. Cynthia Lummis, a prominent crypto advocate, who recently proposed a bill asking the U.S. Treasury to acquire 1 million Bitcoins over five years. Lummis has also shared her personal Bitcoin purchases, including one from 2013 and another in 2021.
The U.S. House Ethics Committee has required lawmakers to disclose cryptocurrency holdings exceeding $1,000 since 2018, ensuring greater transparency and reducing the risk of conflicts of interest. Prior to these regulations, crypto transactions were not subject to the same reporting requirements as traditional stocks and bonds.
However, Sen. Elizabeth Warren (D-Mass.) has criticized lawmakers’ involvement in cryptocurrency, calling it a “terrible conflict of interest” and expressing relief that only a small number of lawmakers hold crypto assets.
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