First U.S. Congress Member Reveals Proudly owning Bitcoin, Ethereum – Bitcoinist.com

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First U.S. Congress Member Reveals Owning Bitcoin, Ethereum - Bitcoinist.com

Congressman Bob Goodlatte, Chairman of the Judiciary Committee within the US Home of Representatives, just lately disclosed his private cryptocurrency holdings. The revelation comes amidst rule adjustments mandating disclosure for members of the Home.


Cryptocurrencies Stepping In Congress

Cryptocurrencies have made their method up within the excessive ranks of US politics. Congressman Bob Goodlatte filed his annual Monetary Disclosure Assertion on Might 10, disclosing that he owns between $17,000 and $80,000 in digital currencies.

The assertion was filed simply earlier than the Home Ethics Committee handed new guidelines which required the members of the Home to formally disclose of their annual studies whether or not or not they personal cryptocurrencies. Additionally they need to report on the holdings of their partner’s in the event that they quantity to greater than $1,000. Members of the Home additionally need to report transactions involving greater than $1,000 of crypto inside 45 days of the occasion.

Based on the assertion, Goodlatte has invested in Bitcoinzerozero, Bitcoin Money, and Ethereum. The Sludge studies that his son, Bobby Goodlatte Jr., is an angel investor in Coinbase. His monetary involvement within the firm, although, shouldn’t be disclosed.

Congressman Bob Goodlatte, who is the Chairman of the Judiciary Committee in the US House of Representatives, may become the first member of Congress to disclose that he owns cryptocurrencies.

Issues Are Getting Critical

The previous few months have marked attention-grabbing developments involving cryptocurrencies and politics. In Might, fellow Democrats Dave Min and Brian Forde clashed over accepting cryptocurrencies as donations for the 45th Congressional race.

Earlier in January, former Republican Ron Paul mentioned he’s in favor of legalizing various currencies as long as they don’t seem to be used for fraudulent functions.