US Congressman Barry Moore buys Dogecoin, Ethereum and Cardano

Rep. Barry Moore (R-Al) not only issued invoices, he also bought at least $ 5,000 in crypto.

Barry Moore – United States Representative

Moore, who represents the greater Montgomery area, bought Dogecoin, Ethereum and Cardano valued at thousands of dollars between May and June, according to a press release. document Filed with the Secretary of the House of Representatives last week.

Moore is one of the few congressmen who openly buys cryptocurrency.

After Moore bought between $ 1,001 and $ 15,000 in Ethereum (ETH) on May 5, Moore bought a corresponding amount of Cardano (ADA) on the three days of May 10, 11 and 13. A month later, he bought at least $ 1,001 Dogecoin (DOGE).

Moore’s total crypto holdings range from $ 5,005 to $ 75,000 – or rather, what they were worth at the time of purchase.

The STOCK Act, passed in 2012, required federal legislators to report certain financial transactions to limit the possibility of insider trading.

Ethereum, Dogecoin, and Cardano have all fallen since Moore bought.

Unlike Senator Cynthia Lummis (R-WY), who first said digital assets will be an important part of her agenda, Moore doesn’t talk much about the topic of cryptocurrencies. He serves on two House Committees – Agriculture and Veterans Affairs.

Despite the Congressional Blockchain Congress, a gathering of Republicans and Democrats in the House of Representatives actively defending the technology behind cryptocurrencies, most U.S. lawmakers have not bought cryptocurrencies directly. With that in mind, the Digital Congress Chamber announced last October that it would send $ 50 worth of Bitcoin to every Congressman.

Last week, the Congressional Subcommittee on Oversight and Inquiry held a hearing with crypto experts on possible regulations for this subsector. While MP Brad Sherman (D-CA) wants to ban Bitcoin, most representatives hinted that they are still considering the technology.

Teacher

After decryption

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