The president of the judicial committee of the Chamber reveals the ownership of the cryptocurrency

The president of the Judiciary Committee of the United States House of Representatives may be the first Congressman to disclose that he possesses the cryptocurrency, according to Sludge data on August 6th.

Congressman Bob Goodlatte (R-VA) reported being the owner between $ 17,000 and $ 80,000 in digital currency in his Annual Statement of Financial Information. Goodlatte filed the statement on May 10, a month before the US ethics committee issued new rules on disclosure of holdings in digital currency.

Under the new rules, all members of the House must disclose their crypto participations of their spouse valued over $ 1,000 and report over $ 1,000 of encrypted transactions within 45 days. According to the statement, the congressman invested mainly in Bitcoin (BTC), with some holdings in the major etereum groups (ETH) and Bitcoin Cash (BCH).

Goodlatte's son, Bobby Goodlatte Jr., is referred to as an angel investor in Crypto's involvement in San Francisco, but it is not clear when and how much he has invested in society.

For some legislators in the United States Congress, cryptocurrencies are the subject of suspicion or total derision. In an audition this spring, California representative Sherman has come to the point of calling "cryptocurrency" a crock adding that they can only serve to "help terrorists and criminals move money around the world."

While some regulators and legislators have called for the strengthening of digital currency regulations, there are several congressmen who are the advocates of the sector. Bitcoin friend MP Jared Polis is known for the establishment of the Congressional Blockchain Caucus, a group that aims to further expand blockchain technology and promotes a laissez-faire regulatory approach.

Senator Mark Warner has earned the reputation of crypto-bull in forecasts the market capitalization exceeds 20 trillion dollars by 2020. "I was an early investor in mobile phones in the 80s, and I believe that the blockchain has the potential to be just as revolutionary as cell phones. "As our government begins to consider cryptography, I do not think you can separate the cryptocurrencies from the technology they are based on," he said.