Senator Cynthia Lummis stands out as one of the few congressmen who invests in BTC.
LOPP information indicates that 96.45 % of legislators do not invest in Bitcoin.
In a publication today, the renowned defender of Bitcoin (BTC) Jameson Lopp stressed that several members of the United States Congress have expressed favorable opinions towards the creation of Satoshi, but questioned how many really trust the asset enough to possess it.
According to Bitcoin Politicians, a LOPP platform that collects financial disseminations in politicians cryptoactives, Only 19 of the 535 members of Congress (3.55 %) have direct or indirect investments In Bitcoin, Altcoins such as Ethher (ETH) and Cardano (ADA), or other instruments related to cryptocurrencies, such as actions of coinbase and block companies.
Among the legislators who have invested in cryptocurrencies include Senator Cynthia Lummis and Senator Ted Cruz, both with bitcoin holdings. The representative Shri Thaneded, who owns BTC, Eth and Litecoin (LTC); the representative Lauren Bobert, with participations in Coinbase; and Senator David McCormick, with investments in an ETF linked to the project devised by Nakamoto.
It should be noted that Senator Cynthia Lummis, from Wyoming, is one of Bitcoin’s main defenders in Congress. Ha supported Activally initiatives promoted cryptocurrencies and seek to integrate BTC into the traditional financial system, including the incorporation of digital assets into removal plans 401 (K).
On the other hand, 516 congressmen (96.45 %) They do not report possess cryptocurrencies, indicating that Verbal support for Bitcoin is not always reflected in a personal investment. This disparity between pro BTC discourse and real possession reflects caution among legislators, possibly due to market volatility or ethical considerations about conflicts of interest.
However, the renovated interest in cryptocurrencies by both Changes of Congress, especially after the return of Donald Trump to the White House, is reflected in recent legislative initiatives, such as the approval of the Genius Law to regulate Stablecoins. This proposal received green light with broad bipartisan support, both in the Senate and in the House of Representatives.
As Cryptonotics reported, the Genius Law establishes a clear regulatory framework for stable currencies, demanding that they have total 1: 1 support in liquid reserves of US dollars. To a large extent, the objective of this law is to preserve the hegemony of the US dollar in international markets.
Since his return to the presidency, Donald Trump has promoted a proactive attitude towards the ecosystem. Among its actions are the signing of an executive order that authorizes the creation of a strategic Bitcoin reserve, the elimination of controversial regulations that stopped the development of the sector, and its explicit support for initiatives such as the genius law itself.
In his own words, the president seeks to position the United States as the world capital of cryptocurrencies. Although these assets are still in the holdings of few congressmen in the country.