US Congressman Mike Collins, representing Georgia's 10th Congressional District, disclosed his investments in three altcoins. These details were provided in financial disclosure reports filed with the House of Representatives from July to August.
Investments in Altcoins
According to financial reports filed by Congressman Collins, he purchased up to $15,000 in Velodrome (VELO), up to $15,000 in The Graph (GRT), and up to $115,000 in Aerodrome Finance (AERO).
Sale and Repurchase of AERO
The reports also indicated that Collins partially sold his AERO holdings on August 4 before making another purchase between $15,001 and $50,000 in the same token on August 5.
Crypto Activity Among US Lawmakers
Mike Collins is one of the few lawmakers in the US Congress actively trading tokens with smaller market capitalizations. In January, he also disclosed purchasing up to $65,000 in Ethereum (ETH). Other lawmakers, such as Senators Ted Cruz and Cynthia Lummis, have also previously disclosed their crypto investments.
Transparency in lawmakers' financial activities helps voters better understand their investment interests. However, this practice raises ethical questions and calls for further legislative regulations.
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