Key Points:
US Congressman Mike Collins has reportedly bought VELO, the native token of the Velodrome platform, on Optimism. On May 17, Collins processed the purchase, which was between $1,001 and $15,000.
In January, Collins disclosed an investment in Ethereum that he bought up to $65,000 in 2024, demonstrating US lawmakers’ increasing interest in digital assets.
According to the House’s Financial Disclosure Reports Database, Collins purchased Ethereum on January 3 and 8, worth up to $15,000 and $50,000, respectively. On record, his trades indicate that Collins has been making transactions in Ethereum since at least 2023, with total purchases amounting to up to $110,000.
Notably, Collins’ buying activity of Ethereum aligns exactly with the token’s rise of over 11% in just seven days—from approximately $2,200 on Jan. 3 to $2,466.
Readmore: ZK Airdrop Holder Statistics Reveal Surprising Trends: 42% Choose To Hold
Mike Collins, unsuccessfully running for Georgia’s 10th congressional district in the elections of 2014, had a political career that had begun a few years earlier.
When incumbent Paul Broun decided not to participate in the re-election, Collins announced his election in 2022. He defeated Vernon Jones in a runoff, advancing to face off against the Democratic nominee, Tabitha Johnson-Green, in the general election on November 8.
After winning the election, Collins generated some controversy by naming Brandon Phillips, who had previously made news in November 2022 as being arrested on a misdemeanour animal cruelty charge and had two more criminal incidents on his record as his chief of staff.
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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