Ethereum (ETH) is seemingly getting accepted in the United States Congress, as Bob Goodlatte- the Chair of the House Judiciary Committee owning cyptocurrencies have come to the light. The original news came through Sludge on 6th August.
Goodlatte’s Ethereum possession
Goodlatte is reportedly the first member of Congress to disclose his cryptocurency possessions. His annual financial disclosure showed that he owns between $17,000 and $80,000 in cryptocurrency. His financial disclosure showed that the Congressman owns Bitcoin majorly, with nominal amounts in Bitcoin Cash and Ethereum. The filing of his finances was done in May, prior to the imposition of new rules from the House Ethics Committee.
Even Goodlatte’s son, Bobby Goodlatte Jr., who is an angel investor in the major crypto exchange Coinbase, is reportedly a significant Bitcoin investor.
The new rule
According to a June 18 memo issued by the House Ethics Committee, members of the House asked to divulge the ownership of cryptocurrency, like any other financial transactions in their individual annual report, along with their other assets. The members are required to report not only their crypto transactions but also the ones of their spouses, within 45 days since they transact if it is the transaction cost is more than $1,000.
With Goodlatte divulging his crypto possessions, other names are coming to the fore. Probable names of other congressmen like Rep. Jared Polis and Mark Warner have been listed.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Coineset.