US: Chair of House Judiciary Committee Discloses Ownership of Cryptocurrency

The chair of the Judiciary Committee of the U.S. House of Representatives may be the first member of Congress to disclose that he owns cryptocurrency, Sludge reports Aug. 6.

Congressman Bob Goodlatte (R-VA) reported that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement. Goodlatte filed the statement on May 10, a month before the U.S. Ethics Committee issued new rules about disclosing digital currency holdings.

Per the new rules, all House Members must disclose their own and their spouse’s crypto holdings valued over $1,000, and report over $1,000 worth of crypto transactions within 45 days. According to the statement, the Congressman has principally invested in Bitcoin (BTC), with some holdings in major altcoins Ethereum (ETH) and Bitcoin Cash (BCH).

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