Because the query of stablecoin regulation heats up within the US Senate, so has the difficulty of which members are personally invested in cryptocurrencies and cryptocurrency companies.
On Might 19, the Senate voted to invoke cloture and transfer forward with the GENIUS Act, which would supply a regulatory framework for stablecoins. The measure handed 66-32, with 16 Democrats supporting the invoice.
Democratic considerations over corruption and politicians’ ties to cryptocurrency companies made the bipartisan transfer controversial. After the vote was completed, Colorado Senator Michael Bennet launched the STABLE GENIUS Act. The invoice would forestall members of Congress from issuing or investing in digital forex and require them to place their crypto in a blind belief whereas in workplace.
Payments to forestall members of Congress from investing in corporations they regulate have had little success. Nevertheless, lawmakers are nonetheless required to reveal tough estimations of their, their partner’s and their youngsters’s investments. Listed here are 11 US senators who’ve invested in crypto companies.
Montana
Tim Sheehy, Republican
Tim Sheehy is a newcomer to the Senate, first securing his election within the 2024 cycle. In his marketing campaign, Sheehy contrasted himself towards his opponent, former Senator Jon Tester, stating, “Crypto represents the way forward for finance and the web, and 1000’s of jobs for America.”
Investments: Based on a June 2024 filing, Sheehy has an funding between $1,001 and $15,000 in Intercontinental Change, which presents futures contracts on cryptocurrencies.
Steve Daines, Republican
Steve Daines has been within the US Senate for 10 years, assuming workplace in 2015. Lately, he has develop into a proponent of the crypto business, rubbing elbows with business bigwigs like Bitcoin (BTC) evangelist and Technique CEO Michael Saylor and receiving a Digital Future Award from the Crypto Council for Innovation.
Investments: In a November 2024 submitting, Daines reported promoting shares in cryptocurrency-related exchange-traded funds (ETFs).
They included Valkyrie Bitcoin and Ether Technique ETF, Vaneck Bitcoin Technique ETF, Proshares Bitcoin Technique ETF, Bitwise Crypto Trade Innovators ETF and Proshares Bitcoin Technique ETF.
Nevada
Jackey Rosen, Democrat
Senator Jacky Rosen is at present serving her second time period in workplace, first getting elected to the Senate within the 2018 midterm elections. Her platform states that blockchain and crypto are “ushering in a brand new period for the digital economic system,” stating that Washington must develop strong authorized frameworks to maintain up.
Investments: Based on a July 24 filing, Rosen has an funding in PayPal. The funds big first launched its stablecoin in April 2023.
Alaska
Dan Sullivan, Republican
Senator Dan Sullivan is at present in his second time period, first taking workplace in January 2015. Whereas not as outspoken as his colleagues about cryptocurrencies and blockchain know-how, he co-sponsored the GENIUS Act and supported a joint resolution with the House of Representatives to alter accounting requirements for crypto corporations.
Investments: Based on an August 2024 filing, Sullivan owns shares in BlackRock, which presents crypto-centered ETFs.
Oklahoma
Markwayne Mullin, Republican
Senator Markwayne Mullin took workplace in January 2023 after successful a particular election towards Democrat Kendra Horn in 2022. Earlier than assuming workplace, Mullin lauded crypto as a possible retirement funding and stated his state might offer Bitcoin miners favorable phrases. Whereas within the Senate, he has supported GENIUS and the repeal of Employees Accounting Bulletin (SAB) No. 121.
Investments: As of an August 2024 submitting, Mullin owns shares in Intercontinental Change and BlackRock, whereas his spouse owns shares of PayPal.
Alabama
Tommy Tuberville, Republican
Senator Tommy Tuberville is at present serving his first time period within the US Senate, first getting elected in 2020. Whereas in workplace, Tuberville has come out in help of crypto. In April 2025, he introduced a invoice letting People put crypto of their retirement funds. He has additionally vocally supported the institution of a Bitcoin reserve.
Investments: Based on a July 2024 filing, Tuberville has investments in PayPal.
Katie Britt, Republican
Senator Katie Britt was first elected to the Senate in the course of the 2022 midterms. Whereas campaigning, she accepted donations in cryptocurrency from donors. In 2024, she advocated to “Get Gensler Out” of the Securities and Change Fee, saying that the Biden administration was stifling innovation.
Investments: Britt’s husband has widespread inventory in crypto-friendly funds agency Block, in accordance with a July 2024 filing.
Ohio
Bernie Moreno, Republican
Bernie Moreno is new to the Senate, securing his seat within the 2024 federal elections. Whereas on the marketing campaign path and within the Senate, Moreno referred to as for extra favorable laws for the business. In January, he supported President Donald Trump’s “day-one” nomination of Paul Atkins to go the SEC.
Investments: Based on an August 2024 submitting, Moreno owns between $500,000 and $1 million in shares in on-line buying and selling platform eToro, which presents crypto buying and selling companies.
West Virginia
Shelley Capito, Republican
Senator Shelley Capito has served within the Senate since 2015. Throughout her tenure, she raised considerations about how cryptocurrencies could possibly be used for terrorism financing. Her voting file is crypto-friendly; she supported each the GENIUS Act and the joint decision to repeal SAB 121.
Investments: Based on a Might 2024 submitting, her husband had between $15,001 and $50,000 invested in BlackRock.
Pennsylvania
Dave McCormick, Republican
Senator Dave McCormick, who beforehand served as beneath secretary of the treasury for worldwide affairs beneath President George W. Bush, is a first-term senator, getting elected in 2024. Whereas campaigning, McCormick boosted his state’s Bitcoin mining business. Trade figures like Coinbase CEO Brian Armstrong have additionally spoken out in favor of his place on crypto.
Investments: A March 2025 submitting shows a lot of purchases within the Bitwise Bitcoin ETF.
Rhode Island
Sheldon Whitehouse, Democrat
Sheldon Whitehouse is the senior senator of his state, serving in Congress since 2011. Within the final a number of years, he has raised considerations over the power consumption of Bitcoin mining, in addition to the potential for Russia to use crypto to evade US sanctions. He has voted towards the GENIUS Act and co-sponsored the Digital Asset Anti-Cash Laundering Act of 2023, which Stand With Crypto rated as “very anti-crypto.”
Investments: Based on an August 2024 filing, Whitehouse has investments in Tesla, Block and PayPal. All investments are between $1,001 and $15,000.
This record isn’t exhaustive; there are many corporations during which lawmakers make investments which can be affected by cryptocurrency worth actions and market results. It additionally doesn’t embody any members of the Home of Representatives, the place crypto regulation is equally within the works.
Lawmakers will possible develop into extra inquisitive about investing in crypto because it turns into extra mainstream and potential obstacles to congressional investments flounder and fail to maneuver ahead.
