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.
Gabbard reported that it purchased between $ 1,000 and $ 15,000 of ETH and LTC in a financial information report filed with the registrar of the legislative body. The disclosure is required in an ethical note of the Ethics Committee of the Chamber issued in June.
Gabbard, who is on the Armed Services Committee and the Chamber's Foreign Affairs Committee, bought both cryptocurrencies on December 12, 2017, according to the report, and received no income from any cryptocurrency.
Lawmakers Required to Reveal Goods
On June 18, the House Ethics Committee issued a memorandum requiring legislators to disclose a number of digital tokens exceeding $ 1,000. The memo required 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 $ 17,000 and $ 80,000 of bitcoin, ethereum and bitcoin money
Bobby Goodlatte Jr., son of Congressman , is an angel investor and has participated in a round of financing for Coinbase.
Read also: House Judiciary Chair Bob Goodlatte owns up to $ 80,000 in bitcoins: report
Other disclosures expected
Other US lawmakers should disclose the cryptocurrency holdings in response to the recent memorandum of ethics committee.
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 mobile phones and said he saw parallels between the two industries in terms of impact on the world.
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