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U.S. Congress member discloses cryptocurrency trade

United States House Representative Guy Reschenthaler is the latest member of Congress to reveal their investment in digital assets . According to recently filed disclosures, Reschenthaler owns stakes in XRP , Solana ( SOL ), and Bitcoin (BTC). The filings indicate that his Congress trade ranged between $1,000 and $15,000. Receive Signals on US Congress Members` Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal These investments come amid heightened cryptocurrency market volatility, with Bitcoin struggling to surpass the $100,000 resistance level. Additionally, his investment in XRP has emerged at a crucial juncture. The token has broken out of a prolonged consolidation below $1 amid anticipation of possible further gains especially if the upcoming Securities Exchange Commission (SEC) chair pushes for a lenient resolution in the Ripple case. XRP seven-day price chart. Source: Finbold However, the overall market sentiment remains bullish, driven by post-election optimism following the victory of pro-crypto President Donald Trump . Notable Congress cryptocurrency investors It’s key to point out that Reschenthaler is not alone in his cryptocurrency ventures. For instance, Representative Mike Collins reported an investment in the Ski Mask Dog (SKI) meme cryptocurrency earlier this year. Notably, Collins is among Congress’s most active cryptocurrency traders, having invested nearly $400,000 in digital assets since December 2023. His portfolio includes Ethereum ( ETH ), Aerodrome (AERO), The Graph (GRT), and Velodrome (VELO), with some of these investments having been described as ‘ wild .’ Lawmakers Barry Moore and Jeffrey Jackson are also noted for their interest in cryptocurrencies. Reports indicate that the number of Congress members investing in digital assets has surpassed ten over the years. However, this figure remains modest compared to those holding stock portfolios. U.S. crypto regulations Although lawmakers are showing an inclination towards digital assets, the U.S. still grapples with a lack of comprehensive cryptocurrency regulations. Speculation suggests that the incoming Trump administration could usher in more favourable policies for the sector, including initiatives such as a proposed Bitcoin reserve. Such an environment has the potential to trigger a price rally. Notably, lawmakers were required to disclose cryptocurrency holdings starting in 2018, following the implementation of new transparency laws. As a result, it is unclear how many politicians were involved in digital assets before this requirement. Despite these regulations, concerns persist about the ethical implications of elected officials holding cryptocurrencies . To this end, Massachusetts Senator Elizabeth Warren, a vocal critic of digital assets, has described crypto investing by lawmakers as “a terrible conflict of interest.” Featured image via Shutterstock The post U.S. Congress member discloses cryptocurrency trade appeared first on Finbold . CoinTurk News

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US Federal Grand Jury Indicts Three Russian Nationals on Charges Related to Operating Crypto Mixing Services

A grand jury has indicted three Russian citizens on charges connected to operating crypto-tumbling services. According to a new press release by the U.S. Department of Justice (DOJ), a federal grand jury has indicted Russian nationals Roman Ostapenko, Alexander Oleynik and Anton Tarasov for their alleged involvement in operating crypto mixers Blender.io and Sinbad.io. Crypto mixing services allow users to obfuscate the source of their funds by allowing them to pool their assets and blend them together. In the press release, authorities say that both of the services were sanctioned by the Office of Foreign Assets Control (OFAC) after entities with links to the North Korean government used Blender.io and Sinbad.io to launder stolen crypto and conceal their transactions. Blender.io was initially sanctioned in May 2022. Months after it got shut down, Sinbad.io popped up and provided similar services. It too was taken down in November 2023. As stated by Principal Deputy Assistant Attorney General Brent S. Wible, head of the Justice Department’s Criminal Division, “According to the indictment, the defendants operated cryptocurrency ‘mixers’ that served as safe havens for laundering criminally derived funds, including the proceeds of ransomware and wire fraud. By allegedly operating these mixers, the defendants made it easier for state-sponsored hacking groups and other cybercriminals to profit from offenses that jeopardized both public safety and national security.” Ostapenko and Oleynik were arrested in December 2024 while Tasarov remains at large, according to the press release. Ostapenko is charged with one count of conspiracy to commit money laundering and two counts of operating an unlicensed money transmitting business. Meanwhile, Oleynik and Tarasov are charged with one count of conspiracy to commit money laundering and one count of operating an unlicensed money transmitting business. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post US Federal Grand Jury Indicts Three Russian Nationals on Charges Related to Operating Crypto Mixing Services appeared first on The Daily Hodl . CoinTurk News