USSenatorCynthiaLummis,aRepublicanfromWyoming,hasjust?revealedthatshehasmadeasignificantpurchaseofbitcoin?(BTC),amongsttherisingtrendofBTCprice.Thispurchaseaddedtheequivalentof$100,000toherportfolio.UndertheStopTradingonCongressionalKnowledgeActof2012(STOCKAct),USsenatorsandseniorstaffwithearningsabove$119,554arerequiredtodisclosecertainfinancialtransactions.?The?purchasewasn’t?disclosedwithin?the45-dayreportingdeadlinesetbyTheStopTradingonCongressionalKnowledge(STOCK)Act.
MembersofCongressarerequiredtodisclosethepurchaseandsaleofindividualstocks,bondsandcommodityfutureswithin45daysofthetransaction?under?The2012STOCKAct.SenatorLummis’?recentbitcoinspurchasefallswithinthe45-dayrequirement.OtherassetssuchasT-billsandmutualfundsareexempt?fromthe45-dayrequirementandonlyneedtobedisclosedannually.Thedifferenceinreportingschedulesisaimedtoprioritizethedisclosureoftradesthatcouldbeusedtoprofitfromnonpublicinformation.
AspokespersonatLummis’?officecommentedonthedelayindisclosingwasdueto“afillingerror.”
LummishasbeenvocalaboutBitcoin,Bitcoinprice?andoverallthecryptocurrencyindustrylongbeforethispurchasehadtakenplace.SheoncetoldCNBCthatshefirstaddedBitcointoherportfolioin2013?ataBitcoinpriceof$330perBTC,andshealreadyownedfivebitcoinsasoftheendofJune2021.
Itseemsthecryptosupporter?willcontinuetogrowherholdingsinthevolatile?assetclass.CongresswomanLummishasalwaysbeenbullishonbitcoin.ShehadalsopromotedWyomingasthefrontrunnerindeveloping?financialinstitutionstoworkwiththecryptoworld.SheoncecommentedinaFoxNewsinterview?thatsheknowthereisn’tmuchknowaboutbitcoin,especiallyintheCongress,thatshewantstoensureeveryoneunderstandsthecryptocurrency’simportanceasagreatstoreofvalue.
Consistently,theglobalcryptomarketiscontinuouslyexperiencingrapidgrowthasusual.AccordingtoCoinmarketcap.com,asofthedateofthisarticle,thelive?Bitcoin?price(BTCprice)?is$61,570.38USDwitha24-hourtradingvolumeof$31,987,687,202USD.?Thelive?Ethereum?price(ETHprice)is$4,323.08USDwitha24-hourtradingvolumeof$17,303,203,463USD.Thelive?BinanceCoinprice?is$528.22USDwitha24-hourtradingvolumeof$2,044,061,283USD.?
https://coinmarketcap.com/currencies/bitcoin/
https://coinmarketcap.com/currencies/ethereum/
https://coinmarketcap.com/currencies/binance-coin/
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