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Senator Dave McCormick Invests Hundreds of Thousands in Bitcoin ETF
U.S. Senator Dave McCormick is investing in bitcoin (BTC) while serving on a committee focused on regulating the digital assets industry. Key points include:
- Recent investments in the Bitwise Bitcoin ETF between $310,000 and $700,000.
- Total investment in the ETF could approach $1 million, following a previous $450,000 investment.
- His investments are among the largest in Congress this year, surpassing those of other lawmakers.
- McCormick advocates for U.S. leadership in cryptocurrency regulation.
- He is also investing primarily in municipal securities recently.
This activity aligns with his position on the Senate Banking Committee's subcommittee dealing with digital assets, which may influence upcoming crypto legislation.