Congressman Bob Goodlatte discloses ownership of cryptocurrency

The chair of the Judiciary Committee of the U.S. House of Representatives may be the first member of Congress to disclose that he owns cryptocurrency

Congressman Bob Goodlatte reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement. His disclosure shows that he primarily owns Bitcoin, as well as at least nominal amounts of Bitcoin Cash and Ethereum.

Per the new rules, all House Members must disclose their own and their spouse’s crypto holdings valued over $1,000, and report over $1,000 worth of crypto transactions within 45 days.

But for some of congressmen cryptocurrency seems rather suspicious. At a hearing this spring, Representative Brad Sherman of California went so far as to call cryptocurrency 'a crock' adding that they can only serve to 'help terrorists and criminals move money around the world'.

I think we may be on top of something that is transformational. If we have the same rate of increase the next two years that we’ve had the last couple of years, we’d be at north of $20 trillion [market capitalization] caught up in this area by 2020.

Mark Warner, an American businessman and politician serving as the senior United States Senator from Virginia

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