US Congresswoman Tulsi Gabbard holds Litecoin, Ether worth over $1,000 21508
News
Vidwan Reddy
Aug 23, 2018 at 4:15 PM

The United States Congresswoman Tulsi Gabbard holds cryptocurrencies Litecoin and Ether, according to the Financial Disclosure Report filed on August 14.

The Hawaii Representative bought the cryptocurrencies last December, the report stated. However, the report does not disclose the exact amount of crypto she purchased but noted her holdings as between $1,001 and $15,000 under "assets and unearned income" category.

Ethereum and Litecoin were also listed under "transactions" category. She bought the coins on December 12, 2017, the day when Ethereum's price reached $659 and fell to a low of $526, Coindesk reported citing data from Coinmarketcap.

At the time of writing, it was trading at $274, while Litecoin is trading at $56. Going by Gabbard's disclosure, it is pretty evident that she did not make gains more than $200 on either of the cryptocurrencies.

It may be noted, Rep Bob Goodlatte - the chair of the House Judiciary Committee - also had invested in the virtual currencies. He invested in Bitcoin [BTC] and other digital assets. Goodlatte was the first U.S. congressman to reveal his holdings in virtual currencies, going by a financial disclosure of his investments.

In his annual disclosure, he stated that he owned investments worth between $17,000 and $80,000 in Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH].

In a memo issued by the House Ethics Committee dated June, lawmakers are required to disclose any investments in cryptocurrencies as part of their annual financial disclosure.

The disclosure would have to be reported under “other forms of securities.” The disclosure, available on the Office of the Clerk’s website, was filed in May.

See also: Google Commerce Ltd, the hoax app that sold fake Ethereum logo for $335 to Android users

See also: Overseas crypto exchanges to be blocked in China by Regulators

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