US Congressman Buys Cardano (ADA), Dogecoin (DOGE), and Ethereum (ETH)
Alabama Representative Barry Moore bought Dogecoin (DOGE), Cardano (ADA), and Etherium (ETH) in the last two months, according to the trading disclosed filed with the clerk of the House of Representatives on July 2.
These filings are part of disclosure requirements mandated by the “Stop Trading on Congressional Knowledge Act,” or STOCK Act that requires reporting trades no later than 30 days and “in no case later than 45 days” receiving notification of any transaction required to be reported.
Etherium (ETH) was Moore’s first purchase on May 5, above $3,300, and near the $4,380 top on May 12. ETH 1.57% Ethereum / USD ETHUSD $ 2,351.93
$36.931.57% Volume 18.93 b Change $36.93 Open $2,351.93 Circulating 116.9 m Market Cap 274.94 b 19 h Altcoins, Not Bitcoin, Drives the Latest 'Massive' Surge in Crypto Adoption: Report 21 h Bitcoin Chills Around $40k as USD Slides After Fed Says It Has A Ways to Go Before Tapering Ends; GDP Rises Slightly, Better than Q1 21 h Paypal Reports “Strong Adoption & Trading Of Crypto” In Q2; Currently Working On Allowing Transfers To Third-party Wallets
Moore made three purchases of ADA on May 10, 11, and 13 when its price was just above $1.70, just days before the $2.45 peak on May 16. Since then, ADA’s price is down 41.3%, currently at $1.43. ADA -1.34% Cardano / USD ADAUSD $ 1.26
-$0.02-1.34% Volume 1.53 b Change -$0.02 Open $1.26 Circulating 32.07 b Market Cap 40.53 b 3 d Bitcoin and Ether Rallies to Confirm Double-Bottom Pattern, Those Sitting on Sidelines in Stablecoins to Take Them Higher 1 w Bitcoin Retesting the Lower-End of Range, OI Still Continues to Soar While GBTC Unlocks Now Behind Us 1 w Cardano Launches Latest Version Of Alonzo Testnet, Dubbed Alonzo White
His most recent purchase was of DOGE on June 13 at around 3 cents. Unlike the other crypto purchases, this has been towards the decline. Still, the coin is trading around $0.2355, as of writing, down 62% from the $0.73 peak on May 8, according to Coingecko. DOGE -1.96% Dogecoin / USD DOGEUSD $ 0.20
$0.00-1.96% Volume 1.34 b Change $0.00 Open $0.20 Circulating 130.65 b Market Cap 26.29 b 19 h Altcoins, Not Bitcoin, Drives the Latest 'Massive' Surge in Crypto Adoption: Report 20 h Uniswap in Discussion with Fintech Giants to Bring DeFi to the Mainstream 1 d Robinhood Explores New Feature Called 'Round Up Investment' to Protect Customers Against Crypto Volatility
Moore is not alone in buying the meme coin; in early April, US Rep. Mark Green (R-Tenn.) made two purchases of Dogecoin at around 6 cents.
The disclosure does not clear just how much of each coin was bought but rather mentioned a range of $1,000-$15,000 for each purchase. This puts his total crypto investment between $5,000 and $75,000.
However, there is no way to know if the congressman is still holding these crypto-assets or sold them over these last two months.