Georgia’s Representative, Mike Collins, has made significant investments in the popular cryptocurrency, Ethereum. Recent financial report documents submitted to the U.S. House of Representatives reveal that Collins made two Ethereum purchases in early 2024, totaling up to $65,000. This follows his previous declaration of an investment of up to $45,000 in Ether during 2023.

As part of his mandatory financial reports to Congress under the STOCK Act, Collins reported investments in Ethereum totaling $110,000 on January 9, 2024. His recent transactions include the purchase of Ethereum worth $15,000 on January 3 and an additional $50,000 on January 8. His active engagement in cryptocurrency trading dates back to at least 2023.

These reports coincide with an 11% rise in Ethereum’s market value over a week. This increase may be linked to expectations about the U.S. SEC’s decision on a Bitcoin ETF. Meanwhile, the U.S. is on the brink of a potential government shutdown, with a deadline of January 19 to pass a new spending bill.

The political scene is also heating up with the Republican Party’s 2024 Presidential Election debates scheduled to start on January 10 in Iowa. However, pro-crypto candidate Vivek Ramaswamy, who currently has a 6% poll rating in Iowa, will be absent from these debates. Key debate participants include prominent figures such as Florida Governor Ron Desantis and Nikki Haley.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Ron Desantis, Vivek Ramaswamy, Nikki Haley, Mike Collins
Companies	Republican Party, U.S. House of Representatives, U.S. SEC
Currencies	Ethereum, Bitcoin
Securities	None