Members of the United States Congress invest in Ethereum, Litecoin and Bitcoin



We all know that cryptocurrencies are not well seen in the United States of America. In fact, every day is more significant the way cryptographers are labeled as unsafe resources, and in the same line, institutions such as the Securities and Exchange Commission (SEC) ban the criptos or refuse to support strategies such as the demand for ; ETF bitcoin. However, this is actually a mixed idea, considering the fact that, despite all the restrictions, the United States of America continues its path towards becoming a country that fully embraces cryptocurrencies. So, why is this really happening?

Well, it's more than obvious that it's the government, and institutions like the SEC are actually those that are against virtual currencies, but once we take a look at the community in the country, the approach is the contrary. But what if a part of the government is willing to support cryptocurrencies?

Could we talk about an opportunity to get closer to the industry? Everything seems to indicate that these are just suppositions. However, nothing says more "good news" than the government's approval in this matter, even if it is mixed with "ideas of marginality" related to the cryptosphere. Let's find out how it goes.

ETH and LTC among cryptographic investments made by members of Congress

The most recent move by the US government was to force members of Congress to disclose any participation they might have in crypts.

In this sense, the measure revealed some of the tokens some of the members of Congress had previously decided to invest. For example, Tulsi Gabbard, who is in a representation of the second district of Hawaii, has revealed that she has invested nothing but $ 15,000 in 2 of the best encrypted on the market, Ethereum (ETH) and Litecoin (LTC) at the end of last year.

Likewise, Bob Goodlatte, another congressman who is president of the House Judiciary Committee, also admitted that he has invested money in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), although on his side # 39; amount spent was not mentioned in the statement.

The three above mentioned The scrambled are all in the hall of fame of the cryptosphere, in particular Bitcoin, which since the market began to grow has made it appear as the leader of all lists.

However, in the case of Ethereum and Litecoin, although they are not the favorite token, both are particularly sought after due to two different reasons. In the case of Ethereum, technology and Litecoin, practicality and adoption.

The managing director and founder of Litecoin (LTC), Charlie Lee, has stated on several occasions that the company's main goal is to achieve a massive "adoption," and the proof of this are the thousands of partnerships and strategies that the business man has managed to field. For its part, it could be said that Ethereum is the most adopted technology in the cryptosphere, being the preferred platform when launching an ICO, or simply whenever a company wants to take an approach to the encrypted world.


The United States of America has yet to be cleaned with a decision concerning the crypt. On the one hand, we have those who publicly endorse the industry, such as the case of the South Carolina candidate who recently tried to use cryptography in his campaign, but was actually asked to stop doing so.

On the other hand, we have the categorical rejection by members of Congress like Bill Huizenga, who recently gave a message that reads:

"Everyone tries to figure out if it's fish or poultry It turns out that it could be a platypus, it's a kind of unknown, or something intermediate, how can we deal with it? "

If the criptos like Litecoin, Ethereum and Bitcoin will be fully accepted in the country, one question remains, but the line bottom is that the US continues to grow their cryptic community, and this is a one-way ticket situation. So stay tuned.

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Disclaimer: This article should not be taken as and is not intended to provide investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct a thorough research before investing in any cryptocurrency and read our complete disclaimer.

Image courtesy of Christopher Burns on Unsplash

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