US lawmaker Barry Moore has added DOGE and ETH to its portfolio

US lawmaker Barry Moore added DOGE and ETH to its portfolio to buy $ 5,000 in cryptocurrencies between May and June. We learn more in today’s altcoin news.

US lawmaker Barry Moore has filed a disclosure stating that he bought DOGE and ETH, as well as ADA. Ethereum, Dogecoin, and Cardano have all fallen in price since Moore bought them. Representing the Montgomery metropolitan area, Moore purchased thousands of dollars’ worth of Dogecoin, Cardano and Ethereum in June, according to a release filed with the Secretary of the House of Representatives last week. Moore is one of the few congressmen known to have bought cryptocurrencies. After buying $ 1,000-15,000 worth of Ethereum, he bought more ADA on three separate occasions. A month later, he had $ 1,000 worth of DOGE on hand, so his total crypto holdings are now between $ 5,000 and $ 75,000.

The Aktiengesetz, passed in 2012, obliges federal legislators to report certain financial transactions and aims to limit the possibility of insider trading based on this information; information is not available to the public. However, both Doge and Cardano are less dangerous since Moore bought his coin. Unlike Senator Cynthia Lummis, who built bitcoin ownership into her political identity, Moore doesn’t talk much about cryptocurrencies. He sits on two House Committees, Veterans Affairs and Agriculture, while his membership in the caucus underscores his ties to the military.

At the Congressional Blockchain Congress, which brings Republicans and Democrats together in the House of Representatives to repeatedly defend the technology behind cryptocurrencies, most lawmakers did not buy cryptocurrency. Last week the Congressional Subcommittee on Oversight and Inquiry held a hearing with crypto experts on crypto regulation, but while MP Brad Sherman wanted to shut down Bitcoin, most of the others are implying they are still forming their minds on the technology.

As recently reported, Senator Lummis is the first woman to be elected Senator from Wyoming, and she is pursuing this move because she believes Bitcoin is a great way to fight inflation. The rate of inflation in the US dollar is not 2% a year and others say it will rise over the years. This leads people to look for other ways to store money without exposing it to inflation.

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