GOP Representative Lauren Boebert Neglects To Disclose Crypto Transactions In 2021

Several cryptocurrency purchases made in 2021 by Representative Lauren Boebert, a Republican from Colorado, were not reported in her yearly financial statement, which was submitted on August 13.

Under the Stop Trading on Congressional Knowledge of 2012 (STOCK) Act, members of US House of Representatives are required to file a “periodic transactions report” for any securities deal over $1,000 made by them, their spouse and dependent children no later than 45 days after the transactions.

Representative Lauren Boebert identified one bank account that she and her husband

Jayson Boebert, jointly owned as well as a number of other assets that her husband solely owned, including a cryptocurrency with a value between $1,000 and $15,000.

Eight cryptocurrency transactions were also noted in the statement, including four purchases and four sales between May 5 and May 7. Jayson’s trading account at Robinhood is used for all transactions.

Each transaction’s value is uncertain because the report merely specified that it ranged from $1,000 to $15,000. The filing states that no transaction generated profits of more than $200.

Several politicians in Congress are known to invest in crypto, including Sen. Ted Cruz, R-Texas, who purchased bitcoin valued between $15,001 and $50,000 in January; Sen. Pat Toomey, R-Pa.,  who invested between $1,000 and $15,000 in two Grayscale’s major cryptocurrency products; and Sen. Cynthia Lummis, R-Wyo., who bought up to $100,000 worth of bitcoin on August 16. 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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