EXCLUSIVE: No HODLing For Congress, 48% Say Elected Members Shouldn’t Be Able To Buy Cryptocurrency
So far, cryptocurrency is not outlined in the proposed P.E.L.O.S.I. Act, a bill that would ban members of Congress from buying and selling stocks, options and ETFs.
Benzinga recently broached the subject in a reader poll.
“Should members of Congress be allowed to invest in cryptocurrency?” we asked. Here are the results:
- No, they shouldn’t be able to invest in cryptocurrencies: 48%
- Yes, as long as they disclose: 30%
- Yes, but through ETFs and not actual cryptocurrencies: 15%
- Yes, they don’t need to disclose: 8%
The poll found that nearly half of voters said that members of Congress shouldn’t be able to invest in cryptocurrency. Only 30% supported the current method of allowing them to invest as long as they disclose.
Eight percent said let Congress members buy and sell cryptocurrency without needing to disclose.
Ranking third was yes to investing, but doing so through ETFs like the iShares Bitcoin ETF Trust (NASDAQ:IBIT).
Benzinga also asked if the cryptocurrency held by a member of Congress could impact their confidence in the Congress members financial judgement.
“Which crypto investment by a member …
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