U.S. Representative Tulsi Gabbard of Hawaii has disclosed that she bought Ethereum (ETH) and Litecoin (LTC) towards the end of last year.
The financial disclosure report, which was filed on August 14, showed that Gabbard has disclosed that she purchased Ethereum and Litecoin worth more than $1,000 in December last year. The exact amount of each cryptocurrency was not disclosed, however.
All U.S. House Members are now required to disclose crypto holdings above $1,000 after a recent crypto memo by the U.S. House of Representatives Committee of Ethics.
The form shows that holdings for each are between $1,001 and $15,000 under the “Assets and ‘Unearned’ Income” category.
The two cryptocurrencies also appeared under the “Transactions” category. This shows that she bought the coins on December 12, 2017.
Data pulled from XBT.net shows that Ether’s price peaked at about $650 that day while also experiencing a low around $510. The cryptocurrency has now dropped to $277 at press time.
Litecoin also reached a high of approximately $339 and a low of $240 on that day but has lost most of its value over the past few months to now trade at $56 at press time.
In her disclosure, Gabbard noted that she hasn’t made capital gains over $200 on either crypto.
Virginia Representative Robert Goodlatte also owns cryptocurrencies
Gabbard now joins Virginia Representative Robert Goodlatte in possessing cryptocurrencies. Goodlatte had revealed in a similar filing that he had purchased Bitcoin, Bitcoin Cash, and Ethereum.
According to his filing, Goodlatte had more than $1,000 in both Ethereum and Bitcoin Cash while his Bitcoin holdings are more than $15,000. He also added that he hasn’t made any gains from his cryptocurrency holdings so far.
Crypto market still down despite adoption
The cryptocurrency market has been in a bear cycle since the start of the year. The Bitcoin price has lost roughly 70% of its value since its all-time high late last year. This is despite the increasing adoption of Bitcoin and other cryptocurrencies.
The cryptocurrency market has seen increased interest from large corporations like Microsoft, NYSE, NASDAQ, and so many others.
There is still optimism amongst industry experts and analysts that the price of Bitcoin will embark on a massive bull run by the end of the year. Only time will tell.