AOC explains why it doesn’t hold bitcoins
US lawmaker Alexandria Ocasio-Cortez revealed that she was not holding any bitcoins during her last ask-me-anything session on Instagram.
The radical Congresswoman doesn’t believe that Congressmen should hold or trade stocks and cryptocurrencies when they have access to sensitive information. This is especially true of those lawmakers who sit on the Financial Services Committee, which is tasked with overseeing all components of the US financial sector.
The AOC says it wants to do its job “ethically” and “impartially”.
Back in July 2019, the rising star of the Democratic Party toasted former Facebook crypto boss David Marcus over the now revamped Libra cryptocurrency project, which drew angry data from managers around the world.
Allegations of insider trading
The AOC has suggested that it is illegal for Congressmen to buy or sell shares in individual companies. She was one of those who introduced bipartisan bill that would ban lawmakers and their employees from owning shares.
Paul Pelosi, husband of House Speaker Nancy Pelosi, reportedly made $ 5.3 million in timely bets on the tech companies that regulate his wife. TikTok and Reddit retailers have even started copying its trades.
Former Georgia Senator Kelly Loeffler, who served as the head of Bakkt crypto firm, surfaced last year amid a major insider trading scandal that could cost her re-election.
Several U.S. lawmakers announced their crypto purchases earlier this year. Two Congressmen, Barry Moore and Mark Green, made headlines after revealing the Dogecoin purchase.
In October, crypto-friendly Senator Cynthia Lummis revealed another Bitcoin purchase worth up to $ 100,000.