As the 119th session of the United States Congress approaches, Representative Mike Collins of Georgia filed a financial disclosure revealing his involvement in cryptocurrency.
Mike Collins' Investments
In a report submitted to the U.S. House of Representatives on Jan. 1, Collins disclosed purchasing between $1,001 and $15,000 of Ski Mask Dog (SKI), a token launched in May 2024. The report, along with one filed in December, showed that Collins made three separate purchases of SKI, each up to $15,000, between Dec. 1 and Dec. 3. These transactions occurred roughly a month after the U.S. election, during a period when many cryptocurrency prices were surging.
SKI Value and Other Assets
The price of SKI was under $0.01 before the U.S. elections on Nov. 5. It surged to an all-time high of over $0.35 on Dec. 5 before dropping to around $0.25 at the time of publication. Besides SKI, Collins had previously disclosed holdings in Ether (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT).
Disclosure Policy
Under the Stop Trading on Congressional Knowledge (STOCK) Act, U.S. lawmakers must disclose their stock and cryptocurrency transactions. Collins appeared to be the first member of Congress to file a financial disclosure report in 2025. Some lawmakers, like Senators Ted Cruz and Cynthia Lummis, have also disclosed crypto investments, though Collins has not made digital assets a central focus of his policy agenda. He has supported legislation praised by the crypto industry, including the Financial Innovation and Technology for the 21st Century (FIT21) Act. Critics of current disclosure policies, however, argue that lawmakers’ investments present potential conflicts of interest.
The discussions around disclosure policies and lawmakers' involvement in cryptocurrency investments continue to be relevant, highlighting the need to review existing legislation.
