Georgia Lawmaker Reveals Meme Token Bets Amid Crypto Rally

Top House Republican Purchased Chainlink (LINK) Before Year-End Rally

  • US Representative Mike Collins filed cryptocurrency investment disclosures on January 1, 2024.
  • The Georgia congressman reported multiple purchases of Ski Mask Dog (SKI) token.
  • Each investment ranged between $1,001 and $15,000.
  • The purchases occurred during December 2023’s cryptocurrency market rally.
  • The disclosure adheres to congressional financial reporting requirements.

Georgia Congressman Expands Crypto Portfolio with New Token Investments

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US Representative Mike Collins (R-GA) started 2024 by disclosing cryptocurrency investments made during the final month of 2023, adding to his digital asset holdings since taking office.

Investment Details

The freshman congressman reported three separate purchases of Ski Mask Dog (SKI) token, each valued between $1,001 and $15,000. These transactions occurred between December 1-3, 2023, coinciding with broader market gains in the cryptocurrency sector.

Congressional Compliance

The disclosure follows the Stop Trading on Congressional Knowledge (STOCK) Act requirements, which mandate members of Congress to report financial transactions exceeding $1,000 within 45 days. Collins’s filing demonstrates increasing engagement of US legislators with digital assets, particularly newer cryptocurrency tokens.

These investments mark Collins’s continued participation in the cryptocurrency market since assuming office in 2023. SKI, launched in May 2023, represents one of several altcoins – alternative cryptocurrencies beyond Bitcoin – in the representative’s portfolio.

The timing of Collins’s purchases aligns with a period of significant price appreciation across cryptocurrency markets, as many digital assets experienced substantial gains in late 2023.

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