U.S. Congressman Discloses New Crypto Investment Amid Market Surge

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Cryptodnes2025/01/04 14:00

By:Cryptodnes

As the 119th session of Congress begins, Georgia Representative Mike Collins has disclosed a recent cryptocurrency investment, purchasing between $1,001 and $15,000 of Ski Mask Dog (SKI).

The transactions occurred in early December 2024, during a surge in crypto prices following the U.S. elections. SKI, launched in May, saw a sharp rise from under $0.01 to a high of $0.35 before stabilizing at $0.25.

Collins, who won reelection with over 63% of the vote, has previously reported investments in Ethereum ( ETH ), Velodrome (VELO), and The Graph ( GRT ).

While not central to his political platform, he has supported pro-crypto legislation like the FIT21 Act, aligning with the growing influence of digital assets in Washington.

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The STOCK Act requires lawmakers to disclose trades, making Collins one of the first in 2025 to report crypto holdings.

His actions highlight the increasing role of cryptocurrencies in both the political and financial landscape, as debates over potential conflicts of interest in congressional trading continue.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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