Hawaii’s Democratic Representative Tulsi Gabbard has joined the list of U.S. politicians who have invested in cryptocurrency, having disclosed purchases of Litecoin (LTC) and Ethereum (ETH), Bloomberg reports Thursday, August 23.
The value of both has since sunk below the December minimums as part of an overall cryptocurrency market slump which has continued throughout 2018.
In June of this year, the United States Office of Government Ethics (OGE) had announced in a notice that politicians must disclose cryptocurrency holdings in filings as part of “property held… for investment or the production of income.”
At the beginning of August, chair of the Judiciary Committee of the U.S. House of Representatives and Congressman Bob Goodlatte had also WDS_LINK_PLACEHOLDER_251fd9a9dde56634bd7ada270fe4938e that he owns between $17,000 and $80,000 in digital currency in his annual Financial Disclosure Statement.
Cryptocurrency acceptance meanwhile remains a perennial issue among both current and prospective US politicians, with some candidates announcing their intention to take crypto campaign donations despite the unclear legal framework.