As the 119th session of the United States Congress kicks off, Georgia Representative Mike Collins has revealed investments in cryptocurrencies, including a relatively obscure altcoin. Collins, a Republican representing Georgia’s 10th congressional district, filed a financial disclosure report on Jan. 1, highlighting his exposure to the crypto market.<\/p>\n\n\n\n
The disclosure report shows that Collins purchased between $1,001 and $15,000 worth of Ski Mask Dog (SKI) \u2014 an altcoin launched in May 2024. He made three separate purchases between Dec. 1 and Dec. 3, during a time of heightened interest in cryptocurrencies following the U.S. elections.<\/p>\n\n\n\n
Although Collins has previously disclosed investments in Ethereum (ETH), his recent foray into SKI marks an expansion of his crypto portfolio. SKI surged in price from less than $0.01 before the November elections to a peak of $0.35 on Dec. 5. As of Jan. 3, the token was trading at approximately $0.25.<\/p>\n\n\n\n
Under the Stop Trading on Congressional Knowledge (STOCK) Act, U.S. lawmakers must report purchases or sales of stocks and cryptocurrencies. Collins\u2019 Jan. 1 filing makes him one of the first members of Congress to disclose crypto investments in 2025.<\/p>\n\n\n\n
Collins joins a small but growing group of crypto-savvy lawmakers, including Texas Senator Ted Cruz and Wyoming Senator Cynthia Lummis, who have publicly disclosed their cryptocurrency holdings. However, Collins has not made digital assets a focal point of his legislative agenda.<\/p>\n\n\n\n
While Collins has supported crypto-friendly policies, such as voting for the Financial Innovation and Technology for the 21st Century (FIT21) Act, he hasn\u2019t emphasized digital assets as part of his broader platform. He has expressed a desire to “move fast” in Congress\u2019 new session, suggesting his legislative priorities might include modernizing financial regulations.<\/p>\n\n\n\n
Meanwhile, some lawmakers continue to criticize the STOCK Act, arguing it does not go far enough to prevent conflicts of interest. In July, a bipartisan group of U.S. senators urged amendments to the law, aiming to ban lawmakers from trading stocks entirely, including crypto. It remains uncertain whether Congress will revisit this issue in the 119th session.<\/p>\n\n\n\n
As cryptocurrency adoption grows, so does scrutiny of lawmakers\u2019 financial dealings. Collins\u2019 SKI investment may be a sign of the increasing intersection between politics and digital assets. However, the broader debate over financial transparency and ethical concerns surrounding crypto investments in Congress is likely to intensify in the coming year.<\/p>\n","protected":false},"excerpt":{"rendered":"
As the 119th session of the United States Congress kicks off, Georgia Representative Mike Collins has revealed investments in cryptocurrencies, including a relatively obscure altcoin. Collins, a Republican representing Georgia’s 10th congressional district, filed a financial disclosure report on Jan. 1, highlighting his exposure to the crypto market. Investments in Ether and Altcoins The disclosure […]<\/p>\n","protected":false},"author":5,"featured_media":10441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,2,43],"tags":[],"class_list":{"0":"post-13051","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoins","8":"category-featured","9":"category-general-news"},"acf":[],"yoast_head":"\n