Despite growing support for Bitcoin in the US Congress, only a few lawmakers claim to own any cryptocurrency.
Of the 535 elected members of the House of Representatives and the Senate, only 13 have confirmed that they own digital assets. Even fewer, just nine, have reported owning Bitcoin. Such modest numbers are at odds with the heated rhetoric of politicians around cryptocurrencies.
Sen. Cynthia Lummis of Wyoming, a leading architect of the cryptocurrency legislation, was among the first to pass Bitcoin in 2013. She previously declared $230,000 worth of coins, but Lummis has since placed her bitcoins in a blind trust for ethical reasons.
Senator Ted Cruz of Texas has also expressed support for Bitcoin and specifically Bitcoin mining in his home state. His financial documents show BTC holdings worth between $15,000 and $50,000, acquired in 2022.
Vice President J.D. Vance of Ohio has reported owning between $100,000 and $250,000 worth of bitcoin. His position in the executive branch makes him one of the highest-ranking politicians in the U.S. to own cryptocurrency.
Sen. Dave McCormick of Pennsylvania made indirect investments through bitcoin ETF Bitwise. However, the exact amount of his investment is not disclosed.
Among House members, Brandon Gill of Texas reported $500,000 in bitcoin purchased before the report was filed. Barry Moore of Alabama and Guy Reschenthaler of Pennsylvania have smaller holdings of bitcoin ranging from $1000 to $15,000.
Georgia’s Mike Collins has diversified the exhibit to include ethereum, Solana и Cardano, their total cryptocurrency holdings are estimated at $95,000.
