U.S .. Representative Tulsi Gabbard (D-HI) became the second member of Congress to disclose investments in cryptocurrency, reporting the holdings of ethereum and litecoin. Virginia Republican Robert Goodlatte became the first legislator to disclose cryptocurrency holdings in May.
According to a financial deposit published Wednesday, the Hawaii Second District Democrat bought between $ 1.001 and $ 15,000 of ethereum and litecoin. The disclosure is required in an ethical note of the Ethics Committee of the Chamber issued in June.
Gabbard, who is part of the Committee for Armed Services and the Chamber's Foreign Affairs Committee, bought both cryptocurrencies on December 12, 2017, according to the report, and received no income from either cryptocurrency.
On June 18th, the House's Ethics Committee issued a memorandum requiring legislators to disclose availability of digital tokens above $ 1,000. The note asked lawmakers to list their holdings through financial reporting, including the purchase or sale of such assets exceeding $ 1,000 within a period of 45 days.
One month earlier, in May, Rep. Goodlatte, the president of the House Judiciary Committee, revealed holdings of between $ 17,000 and $ 80,000 of bitcoin, ethereum and bitcoin money.
Bobby Goodlatte Jr., son of the congressman, is an angel investor and has participated in a round of funding for Coinbase. Goodlatte Jr sent a tweet at the start of this month, including a thumbs-up emoji, announcing her father's virtual holdings.
Other Expected Disclosures
Business Insider reports that more US lawmakers should disclose cryptocurrency participations in response to the recent ethics committee memorandum.
Rep. Jared Polis (D-CO) is a likely candidate since he co-founded the Congressional Blockchain Caucus, which introduced legislation that encourages government services to adopt blockchain technology.
Sen. Mark Warner (D-VA) is another lawmaker who could report holdings in cryptocurrency, considering he said he believed the cryptocurrency market could reach $ 20 trillion. Warner was also a prime investor in cell phones, and said he saw parallels between the two industries in terms of impact on the world.
Bloomberg reports that in the last two months, there has been a considerable number of politicians supporting crypts as the candidate Brian Forde of South Carolina who is trying to use the criptos in his campaign
The candidate Democrat in Congress for the 45th district of California has dazzled the crypto marquee investors, who hope to add to the number of the crypts in Washington and contribute generously to his campaigns.
On the other hand, we have the categorical rejection by members of Congress like Bill Huizenga, who recently gave a message that says:
Everyone is trying to figure out whether it is fish or poultry. It turns out that it could be a platypus. It is a kind of unknown, or something intermediate. How can we face it?
The fact that the criptos is fully accepted in the country remains a question, but the bottom line is that the encrypted community in the United States continues to grow.
What is your opinion about the legislators investing in cryptographic assets? Let us know in the comments section.