jakiro
Author: Aaron Wood, CoinTelegraph; Compilation: Baishui, Bitchain Vision
As stablecoin regulation issues heat up in the U.S. Senate, the issue of which individual lawmakers invest in cryptocurrencies and cryptocurrency companies is becoming increasingly prominent.
On May 19, the Senate voted to pass the GENIUS Act, which will provide a regulatory framework for stablecoins.The bill was passed with a 66 vote in favor and 32 votes against, with 16 Democrats supporting the bill.
The bipartisan cooperation move has sparked controversy over Democratic concerns over corruption and politicians’ relationship with cryptocurrency companies.After the vote, Colorado Senator Michael Bennett introduced the Stablecoin Act.The bill would prohibit members of Congress from issuing or investing in digital currencies and require them to deposit their cryptocurrencies into the Blind Trust during their tenure.
The bill that prohibits members of Congress from investing in their regulatory companies has little effect.However, lawmakers still need to disclose rough estimates of their own, their spouse and their children’s investment.Here are 11 U.S. senators who invest in cryptocurrency companies.
Montana
Tim Shee (Republican)
Tim Sheehy is a newcomer to the Senate and he first ensures election in the 2024 cycle.During the campaign, Shee compared himself to his opponent, former Senator Jon Tester, who said:“Cryptocurrencies represent the future of finance and the Internet, as well as thousands of jobs in the United States.”
Investment: According to a June 2024 filing, Sheehy’s investment in the Intercontinental Exchange ranges from $1,001 to $15,000, which provides futures contracts for cryptocurrencies.
Steve Daines, Republican
Steve Daines served in the U.S. Senate for 10 years and took office in 2015.In recent years, he has become a supporter of the cryptocurrency industry, maintaining close ties with industry giants such as Bitcoin advocate and Strategy CEO Michael Saylor, and received a Digital Future Award from the Cryptocurrency Innovation Commission.
Daines (right) won the cryptocurrency industry award.Source: Steve Daines
Investment: In a November 2024 filing, Daines reported selling shares in cryptocurrency-related exchange-traded funds (ETFs).
These ETFs include Valkyrie Bitcoin and Ethereum Strategy ETF, Vaneck Bitcoin Strategy ETF, Proshares Bitcoin Strategy ETF, Bitwise cryptocurrency industry innovator ETF, and Proshares Bitcoin Strategy ETF.
Nevada
Jackie Rosen, Democrats
Senator Jackie Rosen is currently performing her second term and is elected to the Senate for the first time in the 2018 midterm elections.Her platform notes that blockchain and cryptocurrencies are “opening a new era of digital economy” and notes that Washington needs to establish a solid legal framework to keep up with this pace of development.
Investing: According to a July 24 document, Rosen invested in PayPal.The payment giant first launched its stablecoin in April 2023.
Alaska
Dan Sullivan, Republican
Senator Dan Sullivan is currently in his second term, and he first took office in January 2015.While he doesn’t speak out about cryptocurrency and blockchain technology as much as his other colleagues, he is a co-sponsor of the GENIUS Act and supports a resolution jointly proposed with the House of Representatives to amend accounting standards for cryptocurrency companies.
Investment: According to an August 2024 filing, Sullivan owns a stake in BlackRock, which offers cryptocurrency-centric ETFs.
Oklahoma
Mark Wayne Mullin, Republican
Senator Mark Wayne Mullin took office in January 2023 after defeating Democrat Kendra Horn in the special election in 2022.Before taking office, Mullin praised cryptocurrency as a potential retirement investment and said his state could offer preferential terms for Bitcoin miners.During his tenure in the Senate, he supported the GENIUS program and the repeal of the Employee Accounting Notice (SAB) No. 121.
Investment: As of August 2024, Mullin owns shares in InterContinental Exchange and BlackRock, while his wife owns shares in PayPal.
Alabama
Tommy Tuberville, Republican
Senator Tommy Tuberville is currently serving in the U.S. Senate and was first elected in 2020.During his tenure, Tuberville publicly supported cryptocurrencies.In April 2025, he introduced a bill that would allow Americans to include cryptocurrencies in retirement funds.He also publicly supports the establishment of Bitcoin reserves.
Investment: Tuberville invested in PayPal according to a July 2024 document.
Katie Britt, Republican
Senator Katie Britt was elected for the first time in the 2022 midterm elections.During the campaign, she accepted donations from donors in cryptocurrency.In 2024, she advocated “dumping Jensler out” the SEC, saying the Biden administration was killing innovation.
Investing: Britt’s husband owns common stock in crypto-friendly payments company Block, according to a July 2024 filing.
Ohio
Bernie Moreno, Republican
Bernie Moreno, a new member of the Senate, will secure his seat in the 2024 federal election.During the campaign and during the Senate, Moreno has been calling for more favorable regulatory provisions for the industry.In January, he supported President Donald Trump’s “first day” nomination for Paul Atkins as SEC chairman.
Investment: According to an August 2024 filing, Moreno owns a $500,000 to $1 million stake in online trading platform eToro, which provides crypto trading services.
West Virginia
Shelley Capito, Republican
Senator Shelley Capito has served as a senator since 2015.During her tenure, she had expressed concerns about the possibility of cryptocurrency being used for terrorist financing.Her voting record is crypto-friendly; she supports the GENIUS Act and the joint resolution to repeal SAB 121.
Investing: Her husband invested $15,001 to $50,000 in BlackRock, according to a May 2024 filing.
Pennsylvania
Dave McCormick, Republican
Senator Dave McCormick, who served as the Treasury Department’s deputy secretary for international affairs during his presidency of President George W. Bush, is preparing for the first term of senator and will be elected in 2024.During the campaign, McCormick has vigorously promoted the state’s Bitcoin mining industry.Industry insiders such as Coinbase CEO Brian Armstrong also publicly support his position in the cryptocurrency space.
Investing: March 2025 filings show multiple purchases of Bitwise Bitcoin ETFs.
Rhode Island
Sheldon Whitehouse, Democrat
Sheldon Whitehouse is a senior senator in the state and has served in Congress since 2011.Over the past few years, he has expressed concern about the energy consumption of Bitcoin mining and the possibility that Russia will use cryptocurrency to evade U.S. sanctions.He voted against the GENIUS Act and co-sponsored the Digital Assets Anti-Money Laundering Act of 2023, and the Stand With Crypto organization named the bill “very anti-cryptocurrency”.
Investment: According to an August 2024 filing, Whitehouse has investments in Tesla, Block and PayPal.All investments range from $1,001 to $15,000.
This list is not exhaustive; many companies invested by lawmakers are affected by cryptocurrency price fluctuations and market effects.The list also does not include any member of the House of Representatives, which is also developing similar cryptocurrency regulations.
As cryptocurrencies gradually become mainstream and potential obstacles to Congress investment gradually emerge and ultimately fail to advance, legislators may develop greater interest in investing in cryptocurrencies.
