Pennsylvania junior Senator Dave McCormick Having up to $ 1 million dollars of his own money in Bitcoin this year.
No problem there. However, McCormick sits on the subcommittee of the senatorial banking committee which deals with digital assets. It is the group of nine members responsible for discussions on the Bitcoin law of 2025, increasing the spectrum of internal knowledge before its exchange of shares.
McCormick is one of the nine members of the subcommittee designed by competence on digital assets by the Committee of Banks, Housing and Urban Affairs of the US Senate. Also serve on the subcommittee Cynthia Lummis (R-Wyo.), Thom Tillis (RN.C.), Bernie Moreno (R-ohio), Bill Hagerty (R-Tenn.), Ruben Gallego (D-Ariz.), Mark Warner (D-VA.), Tina Smith (D-minn.), And Chris Van Hollen (D-md.).
The former CEO of Hedge Fund Bridgewater Associates recent investments in the Bitwise Bitcoin ETF worth up to $ 600,000 in March only, according to his financial disclosure of the American Senate.
- March 3: Purchase of stock Bitcoin Etf Bitcoin Etf
- March 5: Purchase of stock Bitcoin Etf Bitcoin Etf
- March 10: Purchase of stock Bitcoin Etf Bitcoin Etf
- March 11: Purchase of stock Bitcoin Etf Bitcoin Etf
- March 13: Purchase of stock Bitcoin Etf Bitcoin Etf
- March 20: Purchase of Stock Bitwise Bitcoin Etf
- Between $ 50,001 and $ 100,000
- March 24: Purchase of stock Bitcoin Etf Bitcoin Etf
- Between $ 15,000 and $ 50,000
- March 25: Purchase of stock Bitcoin Etf Bitcoin Etf
- Between $ 50,001 and $ 100,000
- March 27: Purchase of stock Bitcoin Etf Bitcoin Etf
On March 11, Lummis, the majority director of the committee, presented the Senate 954 bill which “would establish a reserve of strategic bitcoin and other programs to ensure the transparent management of the federal government’s bitcoin assets, to compensate for the costs by using certain resources of the federal reserve system and other purposes”. Since this introduction and this reference, McCormick has bought up to $ 450,000 in shares.
A company bill was presented to the House, copoospheric by Representative Nicholas Begich (R-Alaska).
Lummis was approved for the re -election of President Donald TrumpWho praised his efforts to position the United States as a global cryptocurrency center. He used his social account of truth to say that Lummis “works in close collaboration with me to make America the world capital of cryptography”.
The Wyoming senator’s bill offers a Bitcoin strategic reserve to respond to the national debt, which amounts to 36 billions of dollars. In a recent interview, she says that a bitcoin reserve could potentially make the national debt half, because Bitcoin has historically increased by around 55% each year. The bill also proposes that the Treasury Department buy a million bitcoins over a period of five years.
In an editorial 2024 in the Washington examinerMcCormick wrote on its support for blockchain and crypto and in terms of which America must lead on blockchain or run the risk of national security problems like China. He also thinks that there are great advantages for the Commonwealth.
“By 2030, industry should support up to 4 million jobs. As CEO of a software company during the Pittsburgh rebirth, I know that economic technological innovation can have. With the growth of blockchain and cryptographic ecosystems in my original state, places such as Longown and Philadelphia could harvest the advantages of this boom. “
However, there are more red flags.
World Liberty Final The New York Times.
But there was a take that would require a payment of several million dollars in World Liberty. The Trump family lived on the line of interest conflicts, but “compared to those who have emerged since the birth of world freedom”.
Authors Eric Lipton,, David Yaffe-Bellanry And Ben Prochure Write that Trump is now the first industry policy publisher and has fulfilled “sympathizers to the cause of cryptography.
“There is a huge conflict of interest here,” said Bloomberg News Investigative Reporter False zeke. “Trump has his own cryptographic companies, and his administration now decides a whole new set of rules that will govern this industry.”
“Government members are not supposed to receive money from people who are trying to influence politics, and these new crypto projects offer a very direct way to these people to do so, often in a way that can be a little more difficult to trace than, let’s say, a bank transfer,” said ” Molly WhiteA crypto researcher and software engineer.
A spokesperson for McCormick said that “Senator McCormick’s investments comply with the Senate ethics rules and financial disclosure requirements”.
