U.S. Congresswoman Reveals She Bought Crypto Assets in December 2017


Congresswoman Tulsi Gabbard, the U.S. Representative for Hawaii’s 2nd congressional district, purchased ether [ETH] and Litecoin [LTC] according to a recent financial disclosure filing.

In her annual Financial Disclosure Report for 2017, Gabbard disclosed that she purchased at least more than $1000 worth of each cryptocurrency in last year. In the “Transactions” section she filed that she bought the cryptocurrencies on December 12, 2017.

At the time of the purchase, Ether [ETH] was trading between a high of $657 and a low of $504. It would go on to reach an all-time high of just over $1400 in January before a perplexing downtrend; ETH is currently trading at $273. Litecoin, similarly, was trading a lot higher at around $230 when the lawmaker bought it than the current price of $55

Gabbard also filed both crypto assets in the “Assets and Unearned Income Category” which means she has not received any income from her cryptocurrency holdings. Although the form did not disclose the exact value of the crypto assets, it indicates that it is between $1,000 and $15,000. The disclosure also noted that the congresswoman did not make capital gains greater than $200 on either token.

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Bitcoin Cash

A similar financial disclosure report by Congressman Robert Goodlatte revealed that owned cryptocurrencies, bitcoin [BTC], bitcoin cash [BCH] and ethereum [ETH]. Goodlatte, who is serving Virginia’s sixth congressional district, stated in his filing that he holds BTC worth over 15,000. His holdings for BCH and ETH was between $1,000 and $15,000. He did not get fill any earnings from his crypto assets.

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.


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