US politicians buy up crypto amid Bitcoin ETF approval
Historically, the focus of many US congressmen and representatives has mainly been on traditional assets like stocks and bonds. Over the years, this trend has sparked controversy, with allegations of insider trading hovering over some politicians who seem to have profited remarkably in the stock market. However, a shift in attention may be underway. In a noteworthy development, a prominent US representative recently made a substantial crypto currency investment, marking a departure from the conventional financial landscape. The purchase came just days before the US Securities and Exchange Commission’s (SEC) official approval of the inaugural US-based spot Bitcoin exchange-traded fund (ETF), a move that could turn into a major catalyst for crypto prices in the coming months. The investment Cryptocurrency Over $240 million erased from crypto traders in 24 hours Cryptocurrency Will the SEC investigate itself after the Bitcoin ET...