U.S. Congressman Discloses New Crypto Investment Amid Market Surge
As the 119th session of Congress begins, Georgia Representative Mike Collins has disclosed a recent cryptocurrency investment, purchasing between $1,001 and $15,000 of Ski Mask Dog (SKI).
The transactions occurred in early December 2024, during a surge in crypto prices following the U.S. elections. SKI, launched in May, saw a sharp rise from under $0.01 to a high of $0.35 before stabilizing at $0.25.
Collins, who won reelection with over 63% of the vote, has previously reported investments in Ethereum ( ETH ), Velodrome (VELO), and The Graph ( GRT ).
While not central to his political platform, he has supported pro-crypto legislation like the FIT21 Act, aligning with the growing influence of digital assets in Washington.
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His actions highlight the increasing role of cryptocurrencies in both the political and financial landscape, as debates over potential conflicts of interest in congressional trading continue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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