Bitcoin, Ethereum and Dogecoin all in negative territory early Saturday
Bitcoin It was trading down 2.33% on Saturday morning.
The price was around $54,580 per coin, while competitors Ethereum and Dogecoin were trading around $3,576 (-1.93) and 24.4 cents (-1.02%) per coin, respectively, according to Coindesk.
US Senator Cynthia Loomis, Republican of Wyo, Always been a fan of Bitcoin, and a disclosure provided Thursday shows that it received as much as $100,000 in the cryptocurrency in a deal over the summer.
The filing indicates that Lummis purchased between $50,001 and $100,000 of Bitcoin Exchange River Financial on August 18 when the cryptocurrency was at around $45,000 per coin, while bitcoin is now trading at $54,760. .
The New York Post notes that Lummis’ August Bitcoin purchase occurred less than two weeks after she joined two other senators in an effort to include an amendment to an infrastructure bill seen as favorable to the crypto sector, but an attempt to narrow the definition of who is not. Cryptocurrency broker is included.
Lummis has made no secret of her interest in drafting pro-crypto legislation.
In other cryptocurrency news, regulators with the Securities and Exchange Commission OK Volt Crypto Industry Revolution and Tech ETF, which will be traded under the ticker symbol BTCR.
The Volt Equity exchange-traded fund is the first of its kind, offering investors access to companies with significant exposure to bitcoin, according to the agency.
The fund, which cannot invest directly in bitcoin, will put at least 80% of its net assets into “bitcoin revolution companies,” defined as those that hold the majority of their net assets in the world’s largest cryptocurrency or derive a majority of their returns or profits Right from Bitcoin mining, lending or dealing.