Cynthia Lummis is a Republican.
REUTERS
According to a report from the Wall Street Journal, Cynthia Lummis and Pat Toomey are the only two US senators who have invested in cryptocurrencies.
The Senate Banking Committee, which oversees banks and coinage and has questioned experts in the industry, is chaired by Lummis, a Republican from Wyoming.
According to the Journal, Lummis has a quarter of a million dollars in his wallet, while Toomey has a small share in the industry.
The senators didn't reply immediately to Insider's request for comment. The Journal asked what part of the economy US lawmakers aren't involved in that could be a conflict of interest. Lummis told the Journal that for people who say she should sell herbitcoin, it's a commodity. Should I sell my animals?
Lummis is an advocate for cryptocurrencies in Congress. Her home state of Wyoming has passed a number of laws related tocryptocurrencies.
The Journal reported that at least five White House staff and nine members of the US House of Representatives are invested in cryptocurrencies. Florida Republican Michael Waltz, Massachusetts Democrat Jake Auchincloss, Tennessee Republican Mark Green, California Democrat Alan Lowenthal, Texas Republican Michael McCaul, Alabama Republican Barry Moore, Illinois Democrat Marie Newman, Colorado Democrat Ed Perlmutter, and Jeff New Jersey Republican Jeff Van Drew are also in the
The 2012 Stop Trading on Congressional Knowledge Act allows lawmakers to invest in assets like stocks and cryptocurrencies, but they must publicly disclose trades.
A recent Insider investigation found that many members of Congress and top Capitol Hill staffers have been late in filing their stock trades.
Paul Pelosi, the husband of Speaker of the House Nancy Pelosi, is a day trader.
Business Insider has an original article.
