US lawmaker kicks off 2025 by disclosing altcoin investment

As members of the United States Congress prepared to begin their 119th session, one Georgia representative filed a disclosure statement for exposure to cryptocurrency on New Year’s Day. 

You are viewing: US lawmaker kicks off 2025 by disclosing altcoin investment

In a financial disclosure report filed with the US House of Representatives on Jan. 1, Representative Mike Collins revealed he had purchased between $1,001 and $15,000 in Ski Mask Dog (SKI), a token launched in May 2024.

According to the report — as well as one filed in December — Representative Collins made three purchases, each up to $15,000, of the token between Dec. 1 and 3, roughly a month after the US election, at a time when the price of many cryptocurrencies was surging.

Collins, a Republican, ran for reelection in Georgia’s 10th congressional district in November, defeating Democratic candidate Lexy Doherty with more than 63% of the vote.

It’s unclear whether his investment was tied to his election victory, but during his time in office, he has disclosed purchases in Ether (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT).

Under the Stop Trading on Congressional Knowledge (STOCK) Act, US lawmakers are largely required to disclose purchases or sales of stocks and cryptocurrencies. As of Jan. 3, Representative Collins appeared to have been the only member of Congress to file a report in 2025. 

Related: President Biden proposes ban on congressional stock trading: Report

See more : Volkswagen Secures Critical Lithium Supply with C$69M Strategic Investment in Patriot Battery Metals

Until the US elections on Nov. 5, SKI was trading at under $0.01 since its May launch. However, the price of the token surged to an all-time high of more than $0.35 on Dec. 5, dropping to roughly $0.25 at the time of publication.

Moves to ban crypto trading among US lawmakers?

Though Representative Collins joins other lawmakers like Texas Senator Ted Cruz and Wyoming Senator Cynthia Lummis in disclosing crypto investments, he did not appear to have made digital assets a central part of his policy platform.

He has voted in favor of legislation praised by crypto industry figures, including the Financial Innovation and Technology for the 21st Century (FIT21) Act, and said he intended to “move fast” in the 119th session of Congress.

Some members of Congress, however, have highly criticized existing policy for disclosing investments, citing potential conflicts of interest while in office. In July, a bipartisan group of US senators called on House leaders to amend the STOCK Act to prevent lawmakers from engaging in stock trading. It’s unclear whether lawmakers in the next session of Congress will consider similar legislation.

Magazine: How crypto laws are changing across the world in 2025