- 2021 was the first year members of Congress purchased and sold cryptocurrencies, according to financial disclosure forms.
- Popular cryptos traded by Congress include bitcoin, ether, cardano, and others.
- These were the six Congress members that bought and sold crypto in 2021, according to a report from Unusual Whales.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Members of Congress bought and sold cryptocurrencies for the first time ever in 2021, according to a report from Unusual Whales that compiled and analyzed financial disclosure forms.
The trading came as Congress also started to introduce potential legislation to regulate cryptocurrencies, though nothing meaningful has been passed, and the Securities and Exchange Commission remains the top regulator of the sector.
The list below doesn’t include members of Congress that are invested in private cryptocurrency exchanges and brokerage platforms, but rather only those who directly own underlying cryptocurrencies.
These were the six lawmakers who bought and sold cryptocurrencies in 2021, according to Unusual Whales.
1. Rep. Barry Moore
2. Rep. Marie Newman
2021 Crypto Trades: Newman purchased up to $50,000 in the Grayscale Bitcoin Trust.
3. Rep. Mark Green
2021 Crypto Trades: Green bought and sold Basic Attention Token, Celo, Dogecoin, Eos, Ethereum Classic, Chainlink, and Stellar with amounts varying between $15,000 to $30,000.
4. Rep. Michael Waltz
2021 Crypto Trades: Waltz bought up to $100,000 in Bitcoin.
5. Sen. Patrick Toomey
2021 Crypto Trades: Toomey bought up to $15,000 each in the Grayscale Bitcoin Trust and the Grayscale Ethereum Trust.
6. Sen. Cynthia Lummis
2021 Crypto Trades: Lummis bought up to $100,000 in Bitcoin.