So, as the Senate heats up over stablecoin regulations (because who doesn’t love a good financial drama?), the juicy gossip is all about which senators are secretly (or not-so-secretly) cashing in on cryptocurrencies. 💰
On May 19, the Senate decided to play nice and voted 66-32 to move ahead with the GENIUS Act, which is supposed to be the regulatory fairy godmother for stablecoins. But hold your horses! With 16 Democrats on board, it’s not all sunshine and rainbows. 🌈
Of course, the Democrats are clutching their pearls over potential corruption and the cozy relationships between politicians and crypto firms. After the vote, Senator Michael Bennet from Colorado introduced the STABLE GENIUS Act, which sounds like a superhero movie, but really just wants to keep Congress members from investing in digital currency while they’re in office. Talk about a buzzkill! 😒
Despite the drama, Congress members are still required to spill the beans about their investments (and their spouses’ and kids’ too). So, without further ado, here are 11 senators who are dipping their toes into the crypto pool. 🏊♂️
Montana
Tim Sheehy, Republican
Tim Sheehy is the new kid on the block, having just secured his Senate seat in 2024. He’s all about crypto, claiming it’s the future of finance and jobs. Because who doesn’t want to be a millionaire overnight? 💸
Investments: He’s got between $1,001 and $15,000 in Intercontinental Exchange. Not too shabby for a newbie!
Steve Daines, Republican
Steve Daines has been around the Senate block for a decade now. He’s rubbing elbows with crypto big shots and even snagged a Digital Future Award. Fancy, right? 🏆
Investments: He’s been selling shares in crypto-related ETFs. You know, just casually making bank.
Nevada
Jacky Rosen, Democrat
Jacky Rosen is on her second term and believes blockchain is the new black. Washington needs to catch up, she says. Well, don’t we all? 😏
Investments: She’s got a little something in PayPal, which is now in the stablecoin game. How trendy!
Alaska
Dan Sullivan, Republican
Dan Sullivan is in his second term and is playing it cool with crypto. He co-sponsored the GENIUS Act, so he’s not completely out of the loop. 🕶️
Investments: He’s got shares in BlackRock, which is all about those crypto ETFs. Cha-ching!
Oklahoma
Markwayne Mullin, Republican
Markwayne Mullin is the new guy, having just taken office in 2023. He’s all about crypto as a retirement investment. Because why not? 🤑
Investments: He owns shares in Intercontinental Exchange and BlackRock. His wife is also in on the PayPal action. Family goals!
Alabama
Tommy Tuberville, Republican
Tommy Tuberville is a crypto cheerleader, introducing a bill to let Americans stash crypto in their retirement funds. Go, team! 🎉
Investments: He’s got some PayPal investments. Because who doesn’t love a little PayPal?
Katie Britt, Republican
Katie Britt is the new girl on the block, accepting crypto donations during her campaign. She’s also on a mission to “Get Gensler Out” of the SEC. Sounds like a reality show! 📺
Investments: Her husband has stock in Block, a crypto-friendly payments firm. Love is in the air!
Ohio
Bernie Moreno, Republican
Bernie Moreno is fresh to the Senate and is all about favorable regulations for crypto. He’s got big plans! 🚀
Investments: He’s sitting on shares worth between $500,000 and $1 million in eToro. Talk about a power move!
West Virginia
Shelley Capito, Republican
Shelley Capito has been in the Senate since 2015 and is concerned about crypto financing terrorism. But she’s still voting crypto-friendly. What a twist! 😲
Investments: Her husband has between $15,001 and $50,000 in BlackRock. Family investments are the best investments!
Pennsylvania
Dave McCormick, Republican
Dave McCormick is a first-term senator and is all about boosting Bitcoin mining in his state. He’s got the industry’s backing. 💪
Investments: He’s been buying into the Bitwise Bitcoin ETF. Smart move, Dave!
Rhode Island
Sheldon Whitehouse, Democrat
Sheldon Whitehouse has been around since 2011 and is worried about Bitcoin’s energy consumption. He’s voted against the GENIUS Act. Not a fan of the crypto craze, it seems! 😬
Investments: He’s got investments in Tesla, Block, and PayPal. All between $1,001 and $15,000. Not too shabby!
This list is just the tip of the iceberg; there are plenty of lawmakers with investments that are affected by the wild world of cryptocurrency. And let’s not forget the House of Representatives, where the crypto drama is just as juicy! 🍿
As crypto becomes more mainstream, expect to see more lawmakers jumping on the bandwagon. Who wouldn’t want a piece of that digital pie? 🥧
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2025-05-22 17:32