This U.S. politician has filed up to $745K of crypto trades since entering office

Mike Collins, American politician and businessman serving as the ￰0￱ for Georgia’s 10th congressional district, filed a bizarre periodic transaction report on September 2. Namely, the congressman disclosed only two cryptocurrency transactions in August, including a purchase of up to $15,000 worth of Ethereum ( ETH ) and an additional investment of up to $15,000 in a meme coin known as Ski Mask Dog ( SKI ). The filings bring Collins’ total reported crypto activity since taking office in January 2023 to as much as $745,000. Receive Signals on US Congress Members' Stock Trades Stocks Stay up-to-date on the trading activity of US Congress ￰1￱ signal triggers based on updates from the House disclosure reports, notifying you of their latest stock ￰2￱ signal Why ETH and SKI?

The first of the politician’s purchases can likely be chalked up to the market’s increasing preference for Ethereum . Indeed, the cryptocurrency has been drawing fresh institutional and whale interest over the past month or so, as investors have been turning away from Bitcoin leading up to September, a period historically known for BTC price ￰3￱ is more difficult to explain, ￰4￱ meme coin was struggling with reduced liquidity after LBank Futures delisted its perpetual contracts on August 8, ￰5￱ removal raised slippage risks and discouraged institutional participation, and the asset appears to rely primarily on grassroots ￰6￱ Signals on SEC-verified Insider Stock Trades Stocks This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).

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