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Post To Earn BonusFollow the Money: The 5 Cryptos Favored by US Congress Members Under the 2012 STOCK (Stop Trading on Congressional Knowledge) Act, congressional members and other government employee

Follow the Money: The 5 Cryptos Favored by US Congress Members
Under the 2012 STOCK (Stop Trading on Congressional Knowledge) Act, congressional members and other government employees are mandated to report stocks, bonds, and cryptocurrency trades of over $1,000 within 45 days of executing them.

Here is a compilation of the top 5 crypto choices, and a few little-known extra choices:

Top 5 crypto choices in the US Congress

The first is Bitcoin ($BTC), the most widely held asset among legislators. Wyoming Senator (Sen.) Cynthia Lummis, a prominent speaker on crypto policy, disclosed her first Bitcoin purchase in 2013. Others who have made $BTC purchases include Sen. Ted Cruz and Representatives (Rep.) Byron Donalds and Guy Reschenthaler, with reports of individual holdings worth up to $250,000.

Other lawmakers, such as Rep. Sheri Biggs and Sen. Dave McCormick, have Bitcoin exposure through ETFs from Valkyrie, VanEck, and Ether. Meanwhile, a couple of others, such as Sen. Sheldon Whitehouse, have invested in Bitcoin-related companies, including PayPal, BlackRock, and The Block (formerly Square).

The second is Ethereum ($ETH), held by members of Congress such as Reps. Mike Collins and Barry Moore, with the former holding up to $60,000 in $ETH. Rep. Marjorie Taylor Greene and Sen. Dave McCormick have invested in Ethereum ETFs.

Third is Solana (SOL) and fourth is XRP, both reported by Rep. Guy Reschenthaler, and each valued at up to $15,000. Fifth is Cardano (ADA), disclosed by Reps. Barry Moore and Mike Collins, with the former holding a portion worth up to $45,000.
Little-known coins

While the above constitute the top 12 crypto coins by market cap, policymakers have also made some outlier investments. Rep. Mike Collins purchased the Ski Mask Dog (SKI), while Rep. Madison Cawthorn held and promoted the LGB Coin.

Other coins in this category include The Graph (GRT), Velodrome (VELO), and Aerodrome Finance (AERO).

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Follow the Money: The 5 Cryptos Favored by US Cong

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Crypto Inflows Hit $1.4B With Bitcoin Leading Above $76K

The world of digital asset investment products has witnessed a notable surge in terms of inflows. In this respect, the past week marked the 3rd consecutive week marked by positive flows since January this year, with the inclusion of $1.4B. As per the data from CoinShares, this spike parallels Bitcoin’s ($BTC) surge above the $76K mark, the peak level since its February crash. Additionally, the growing risk-on sentiment has increased appetite for diverse digital assets.

Crypto Investment Products Record $1.4B in Inflows as Bitcoin Surpasses $76K

Based on the market data, digital asset investment products have recorded $1.4B in inflows over the past week. Additionally, the leading crypto asset has also briefly crossed the $76K mark. At the same time, the total assets under management (AuM) merged to $155B, with flows underscoring 0.91% of AuM. This accounts for the highest 7-day intensity year-to-date.

Particularly, this consistent risk appetite upsurge occurs amid the ceasefire extension discussions between the U.S. and Iran. Additionally, March CPI at up to 3.3% year-on-year seems to have been examined, with the primary CPI being moderate at 2.6%, in line with a supply-led instead of the broad-based inflation pressure. Bitcoin has dominated the inflows by adding $1.116B, reaffirming its leading position as the core force driving the digital asset investment sentiment.

Following that, Ethereum ($ETH) has also witnessed noteworthy inflows, accounting for $328M. This figure denotes the 2nd-biggest crypto asset’s growing demand. When it comes to regional trajectory, the United States has emerged as the top jurisdiction with inflows hitting $1.5B. Additionally, Germany has added almost $28M, whereas Switzerland has diverged to a significant extent, witnessing $138M in total outflows.

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Crypto Inflows Hit $1.4B With Bitcoin Leading Abov

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