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These Are the Members of Congress Who Are Trading Crypto

The Intercept
Summary
Nutrition label

73% Informative

Only four members of Congress reported buying or selling cryptocurrencies over the past two years .

The last Congress adopted crypto as one of its pet causes, and the new Congress seems even more eager to push it into the mainstream.

Members of Congress and industry observers point to a range of factors that could explain the reticence, from skittish advisers to conflict-of-interest concerns.

Sen. Cynthia Lummis , R-Wy., said lawmakers don't want to buy the brain damage of criticism.

Sen. Elizabeth Warren , D-Mass. , said she was grateful that few members dabble themselves in the crypto market.

The “ Let’s Go Brandon ” coin was the subject of a House ethics investigation.

The enthusiasm for meme coins divides Collins from many in the crypto community.

Investor and financial adviser Ric Edelman said there was a “level of skepticism” about meme coins from the rest of the industry.

He said he would support forcing members of Congress to put all of their holdings — crypto or otherwise — in a blind trust.

VR Score

74

Informative language

72

Neutral language

27

Article tone

semi-formal

Language

English

Language complexity

46

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

18

https://thehill.com/business/4939919-trump-family-75-percent-crypto-token-revenue/https://www.skimaskdog.com/https://www.congress.gov/bill/118th-congress/house-bill/345https://nypost.com/2024/06/26/us-news/160m-bitcoin-war-chest-could-ruin-dems-in-november/https://99bitcoins.com/news/presales/ski-mask-dog-pumps-18-are-dog-coins-priming-for-mega-move/https://www.npr.org/2022/12/07/1141197036/madison-cawthorn-cryptocurrency-ethics-investigation-lgb-coinhttps://join.theintercept.com/donate/now/?referrer_post_id=484350&referrer_url=https%3A%2F%2Ftheintercept.com%2F2025%2F01%2F08%2Fcongress-crypto-profit-ted-cruz-mike-collins%2F&source=web_intercept_12302024_Inline_Signup_Replacementhttps://www.law360.co.uk/articles/1886412https://www.theverge.com/2024/9/30/24258815/world-liberty-financial-accredited-investors-know-your-customer-trumphttps://www.businessinsider.com/madison-cawthorn-reported-crypto-buys-months-latehttps://apnews.com/article/lets-go-brandon-what-does-it-mean-republicans-joe-biden-ab13db212067928455a3dba07756a160https://decrypt.co/294893/base-meme-coin-congressman-mike-collinshttps://www.capitoltrades.com/trades?txDate=2023-01-03%2C2025-01-05https://www.wsj.com/articles/senators-own-cryptocurrency-assets-as-they-shape-rules-for-industry-11640005202https://www.cnbc.com/2021/10/07/senator-cynthia-lummis-discloses-a-bitcoin-purchase-worth-up-to-100000.htmlhttps://www.law.com/dailybusinessreview/2024/06/05/miami-litigators-revive-9-figure-lawsuit-against-nascar-over-lets-go-brandon-coin/?slreturn=20250106151616https://t.co/fRpTqeMjNOhttps://twitter.com/RepMikeCollins/status/1864031318712946793?ref_src=twsrc%5Etfw

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