Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»EXCLUSIVE: No HODLing For Congress, 48% Say Elected Members Shouldn’t Be Able To Buy Cryptocurrency
    Cryptocurrency

    EXCLUSIVE: No HODLing For Congress, 48% Say Elected Members Shouldn’t Be Able To Buy Cryptocurrency

    May 23, 20253 Mins Read


    So far, cryptocurrency is not outlined in the proposed P.E.L.O.S.I. Act, a bill that would ban members of Congress from buying and selling stocks, options and ETFs.

    Benzinga recently broached the subject in a reader poll.

    “Should members of Congress be allowed to invest in cryptocurrency?” we asked. Here are the results:

    • No, they shouldn’t be able to invest in cryptocurrencies: 48%
    • Yes, as long as they disclose: 30%
    • Yes, but through ETFs and not actual cryptocurrencies: 15%
    • Yes, they don’t need to disclose: 8%

    The poll found that nearly half of voters said that members of Congress shouldn’t be able to invest in cryptocurrency. Only 30% supported the current method of allowing them to invest as long as they disclose.

    Eight percent said let Congress members buy and sell cryptocurrency without needing to disclose.

    Ranking third was yes to investing, but doing so through ETFs like the iShares Bitcoin ETF Trust IBIT.

    Benzinga also asked if the cryptocurrency held by a member of Congress could impact their confidence in the Congress members financial judgement.

    “Which crypto investment by a member of Congress would most increase your confidence in their financial judgment?” Benzinga asked.

    Here are the results:

    I don’t want my congressional representative investing in crypto: 56%

    • Bitcoin: 21%
    • Ethereum ETH/USD: 6%
    • Dogecoin DOGE/USD: 5%
    • Solana SOL/USD: 5%
    • Dogwifhat WIF/USD: 5%
    • Shiba Inu SHIB/USD: 1%

    The poll again found that readers don’t love members of Congress owning cryptocurrencies. Bitcoin was ranked first by a wide margin for the crypto owned by Congress, which would increase trust in an elected official’s financial judgment.

    Disclosure: 82% of retail CFD accounts lose money

    Readers have less confidence in members of Congress who own other cryptocurrencies, such as Ethereum, Dogecoin, Solana, Dogwifhat, and Shiba Inu.

    Did You Know?

    Multiple members of Congress own cryptocurrencies. Some members have invested in Bitcoin through Bitcoin ETFs, including one member who serves on a Digital Assets subcommittee.

    Several members of Congress bought Bitcoin ETFs around the time President Donald Trump announced an executive order to establish a Strategic Bitcoin Reserve, which may have raised red flags over the timing and potential conflicts of interest.

    A separate Benzinga poll found that 43% of readers said Congress members should not be allowed to buy and sell stocks, options and ETFs. This means that more readers support a ban on Congress investing in cryptocurrency that in stocks, options and ETFs.

    Investing in cryptocurrency like Bitcoin has become more mainstream for members of Congress, but the public could view investments in “meme coins,” especially some obscure cryptocurrencies, as questionable.

    Rep. Mike Collins (R-Ga.) previously disclosed buying Ski Mask Dog SKI/USD. The crypto spiked after the disclosure went viral on social media and Collins bought more later on.

    With President Trump raising ethical concerns about his namesake cryptocurrency, the Official Trump Coin TRUMP/USD, a member of Congress owning the presidential-backed coin, could also raise red flags for an investment portfolio.

    Read Next:

    The study was conducted by Benzinga from May 16, 2025, through May 20, 2025. It included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 175 adults.

    Image: Shutterstock



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Decoding Digital Assets: Understanding Crypto Tokens, Coins, And Their Real-World Use Cases

    Cryptocurrency

    Chemistry graduate from Pune held for cheating Delhi woman of Rs 12 lakh in cryptocurrency investment scam

    Cryptocurrency

    What Do Investors Need to Know About Real-World Assets (RWAs) in Cryptocurrency?

    Cryptocurrency

    As digital dollar gains ground, will India’s high-net-worth individuals switch to stablecoins?

    Cryptocurrency

    New Cryptocurrency Releases, Listings, & Presales Today – GAIA, RHEA Finance, Snorter

    Cryptocurrency

    Currency dominance in the digital age – Academia

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Connecticut Enacts Broad Revisions to Money Transmission Statutes

    Commodities

    Commodity Roundup: Gold faces weekly loss after positive jobs data, oil set for ~4% gain

    Property

    17,6 ME de chiffre d’affaires sur le trimestre

    Editors Picks

    Actualités BURKINA FASO :: PRIX DE L’INNOVATION LA SOCIETE YUNUS SA COURONNEE A OUAGADOUGOU :: BURKINA FASO News

    April 29, 2025

    Grossouvre : une des plus belles collections de figurines de robots d’Europe, exposée à l’espace métal

    May 17, 2025

    Here’s My Favorite High-Dividend Stock to Buy Right Now, and It’s Not Even Close

    May 15, 2025

    Alaska Energy Metals Announces Marketing Program Addition

    July 26, 2024
    What's Hot

    Le Ghana veut prolonger la durée de vie de la mine d’or Damang avec Gold Fields

    April 24, 2025

    Workington: Period property on the market for £325k

    March 29, 2025

    7 Benefits of Liquidity Providers in Digital Currency Markets

    July 23, 2024
    Our Picks

    Joskin Polska marks 25 years of growth in agricultural manufacturing

    March 19, 2025

    K-State launches health worker project focused on rural and agricultural workforce

    August 7, 2024

    Chinese gold ETFs glow as investors chase metal’s historic rise amid Trump turmoil

    April 22, 2025
    Weekly Top

    Trade Tensions: The U.S. and India at an Agricultural Crossroads

    August 1, 2025

    Ethics in focus as banks confront AI, fintech gap

    August 1, 2025

    Andhra Pradesh Aims For $150 Billion in Investments With Launch Of Electronics Policy 4.0

    August 1, 2025
    Editor's Pick

    Who founded Bitcoin? Inside cryptocurrency’s biggest unsolved mystery as new Channel 4 documentary ‘Seeking Satoshi’ reveals bombshell clues about founder’s true identity

    February 28, 2025

    Profitable Altcoins to Buy Now Before the US Election—If You Like Money!

    October 18, 2024

    International Co For Agricultural Corps : bénéfice consolidé de 84,8 millions d’EGP au troisième trimestre

    May 28, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.