More US lawmakers are starting to invest in crypto
According to data provider 2iQ Research, current members of Congress bought and sold an estimated $1.8 million worth of crypto-related investments since the beginning of 2021. The amount is based on the midpoint of dollar ranges reported by lawmakers in public disclosures.
The 2iQ Research analysis found 21 members of Congress or their immediate family traded cryptocurrencies, crypto-investment products and stocks in crypto-related businesses. Out of the group, seven members serve on committees in the Senate or House that hold key regulators accountable. It is noted that the Republicans were the only members of Congress who reported direct ownership of crypto.
Among the assets include shares of Coinbase and Block. Coinbase exchange reportedly spent $1.5 million on lobbying efforts last year, more than any other crypto-focused entity. In turn, Block employed 10 lobbyists who worked on crypto-focused issues last year.
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