US Congressman Tulsi Gabbard of Hawaii is presidential candidate for the United States in 2020. In December 2017, Gabbard purchased Litecoin and Ether at the height of the crypto-bull market, according to federal documents.
"I have decided to run and make a formal announcement within the next week", says Gabbard at CNN on 12 January (see video below).
"There are many challenges facing the American people … I want to help solve".
Gabbard: the United States must stay out of Mideast Wars
Gabbard says his main concern is to make sure that the United States does not continue to intervene in ongoing conflicts in the Middle East.
His other priorities include climate change, health care and criminal justice reform.
There is a main question that is central to the rest, and this is the question of war and peace.
Gabbard, 37, is a fresh and energetic face on the American political scene. However, his chances of winning the Democratic Party's nomination are scarce, given the huge field of candidates.
For example, Senator Elizabeth Warren of Massachusetts is also a candidate for the presidency. Warren is a cryptic critic who says that the virtual currency market is full of scam artists.
Gabbard bought Crypto at the height of the market
As reported by CCN, Tulsi Gabbard bought $ 1.001 to $ 15,000 of Ether and Litecoin in December 2017. At that time, the price of bitcoin rose to a record level of $ 19,500.
It is not clear how much crypt Gabbard currently holds. However, he is likely to have lost money for his investments in the bear market.
Other US lawmakers who have invested in the crypt include Republican Bob Goodlatte, a 13-year-old member of Virginia.
In 2018, Goodlatte revealed that it held $ 17,000 to $ 80,000 of bitcoins, bitcoin money, and Ether.
Goodlatte's son, Bobby Goodlatte Jr., is an angel investor in Coinbase, the largest encrypted exchange in the United States.
The lobbyists are pushing Crypto to Washington
As reported by CCN, Coinbase, Circle and Digital Currency Group recently launched a lobby group in Washington DC called the Blockchain Association.
A week after the launch of the group, the Congressional Blockchain Caucus introduced three laws to promote digital currencies and blockchain in the United States.
The Congressional Blockchain Caucus has urged US legislators to support blockchain and crypt. They say disruptive technologies could revolutionize banking, supply chain management, and health care.
US invoices try to protect cryptocurrency investors from market manipulation https://t.co/xeTXBHA5vZ
– CCN.com (@CryptoCoinsNews) December 7, 2018
In December 2018, US lawmakers proposed legislation to prevent price manipulation and to position the United States as a market leader.
Congressmen Darren Soto (Democratic-Florida) and Ted Budd (Republican-North Carolina) said the United States must cultivate the "deep potential" of the crypt to stimulate the economy.
Skeptics: Bitcoin is dying
Meanwhile, the skeptics happily affirm that the bitcoin is close to death amidst the current market crisis. But the original cryptocurrency has proved resilient during its 10 years of existence.
Having pro-cryptic politicians in the US government could usher in an epoch-making change for the industry. As reported by CCN, Mick Mulvaney, the White House Chief of Staff, has been a bitcoin lawyer since 2014.
Mulvaney is also the director of the Management and Budget Office. His task is to prepare the budget proposals of President Donald Trump at the Congress. Having bitcoin supporters at the highest levels of the federal government could be an advantage or a failure for the crypto market. Only time will tell.
Flickr / AFGE featured image.