Litecoin (LTC) and Ethereum (ETH) of interest to a member of the United States Congress

Tulsi Gabbard, a representative of the United States Congress, revealed in his financial disclosure form that he invested up to $ 15,000 in Litecoin (LTC) and Ethereum (ETH) in December of last year.

Congressman Gabbard represents Hawaii's 2nd district and is the youngest person ever to be elected in the Hawaii State Legislature.

Prior to this, Bob Goodlatte, another congressman, who also serves as chairman of the House Judiciary Committee, revealed his investments in cryptocurrencies, namely, Bitcoin and Ethereum. This was done due to the mandatory protocol of the US government with which the members of the house are required to disclose their holdings in cryptocurrency.

Ethereum and Litecoin rank 2nd and 7th in terms of market capitalization according to coinmarketcap. Both were also successful in terms of technology for Ethereum and Adoption for Litecoin.

Charlie Lee the founder of Litecoin has made great efforts towards its widespread adoption. He clarified several times that his priority for Litecoin is towards mass adoption. He wants the cryptocurrency to be adopted by more and more exchanges, merchants and other related platforms.

On the other hand, the Ethereum blockchain is one of the most extensive and developed in terms of technology and use cases. It is therefore preferred by many who want to integrate blockchain into their operations. There are three types of Ethereum tokens: ERC 20, ERC 223 and ERC 777.

There is no official position on the status of cryptocurrencies in the United States. While the Securities and Exchange Commission seems to be skeptical by rejecting and delaying more Bitcoin ETFs, other politicians like these are interested in using cryptocurrencies. For example, a candidate for the elections in South Carolina was interested in using the encrypted money for his campaign, however, the state regulatory bodies had prevented him from doing so.

Congressman Brad Sherman has commented on Bitcoin and the cryptocurrency industry during the subcommittee on monetary policy and the hearing of trade : "The future of money: According to him, mining and commerce of cryptocurrencies should be banned for all US citizens.

In July, Congressman Bill Huizenga invited Congress to focus on cryptography during an interview [19659012] to Bloomberg According to him, there should be more control over what he considers a confusing and opaque market of digital goods and initial offers of coins. "He concluded his views by stating,

Everyone is trying to figure out if treats of fish or poultry.It turns out that it could be a platypus.It is a kind of unknown, or something intermediate.What can we face it?

In retrospect, the popularity the cryptocurrency is increasing in the United States, just as in the rest of the world. According to Google Trends, Hawaii has the greatest hits for Bitcoin research. Other states include Colorado, New Jersey, Nevada, Washington, California, Illinois, Utah, New York, and Massachusetts. It is not known whether this is due to pure curiosity or a real interest in investing in cryptocurrencies.

Read also: US investors can now buy Bitcoin ETN

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