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As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. <\/p>\n
On May 19, the Senate voted to invoke cloture and move ahead with the GENIUS Act, which would provide a regulatory framework for stablecoins. The measure passed 66-32, with 16 Democrats supporting the bill.<\/p>\n
Democratic concerns over corruption and politicians\u2019 ties to cryptocurrency firms made the bipartisan move controversial. After the vote was finished, Colorado Senator Michael Bennet introduced the STABLE GENIUS Act. The bill would prevent members of Congress from issuing or investing in digital currency and require them to put their crypto in a blind trust while in office.<\/p>\n
Bills to prevent members of Congress from investing in companies they regulate have had little success. However, lawmakers are still required to disclose rough estimations of their, their spouse\u2019s and their children\u2019s investments. Here are 11 US senators who have invested in crypto firms.<\/p>\n
Tim Sheehy, Republican<\/strong><\/p>\n Tim Sheehy is a newcomer to the Senate, first securing his election in the 2024 cycle. In his campaign, Sheehy contrasted himself against his opponent, former Senator Jon Tester, stating<\/a>, \u201cCrypto represents the future of finance and the internet, and thousands of jobs for America.\u201d<\/p>\n Investments: <\/strong>According to a June 2024 filing<\/a>, Sheehy has an investment between $1,001 and $15,000 in Intercontinental Exchange, which offers futures contracts on cryptocurrencies.<\/p>\n Steve Daines, Republican<\/strong><\/p>\n Steve Daines has been in the US Senate for 10 years, assuming office in 2015. In recent years, he has become a proponent of the crypto industry, rubbing<\/a> elbows with industry bigwigs like Bitcoin (BTC<\/a>) evangelist and Strategy CEO Michael Saylor and receiving<\/a> a Digital Future Award from the Crypto Council for Innovation.\u00a0<\/p>\n Investments: <\/strong>In a November 2024 filing, Daines reported<\/a> selling shares in cryptocurrency-related exchange-traded funds (ETFs).<\/p>\n They included Valkyrie Bitcoin and Ether Strategy ETF, Vaneck Bitcoin Strategy ETF, Proshares Bitcoin Strategy ETF, Bitwise Crypto Industry Innovators ETF and Proshares Bitcoin Strategy ETF.<\/p>\n Jackey Rosen, Democrat<\/strong><\/p>\n Senator Jacky Rosen is currently serving her second term in office, first getting elected to the Senate in the 2018 midterm elections. Her platform states that blockchain and crypto are \u201cushering in a new era for the digital economy,\u201d stating that Washington needs to develop solid legal frameworks to keep up.<\/p>\n Investments: <\/strong>According to a July 24 filing<\/a>, Rosen has an investment in PayPal. The payments giant first launched its stablecoin in April 2023<\/a>.<\/p>\n Dan Sullivan, Republican<\/strong><\/p>\n Senator Dan Sullivan is currently in his second term, first taking office in January 2015. While not as outspoken as his colleagues about cryptocurrencies and blockchain technology, he co-sponsored the GENIUS Act and supported a joint resolution with the House of Representatives<\/a> to change accounting standards for crypto companies.<\/p>\n Investments: <\/strong>According to an August 2024 filing<\/a>, Sullivan owns shares in BlackRock, which offers crypto-centered ETFs. <\/p>\n Markwayne Mullin, Republican<\/strong><\/p>\n Senator Markwayne Mullin took office in January 2023 after winning a special election against Democrat Kendra Horn in 2022. Before assuming office, Mullin lauded<\/a> crypto as a potential retirement investment and said his state could offer<\/a> Bitcoin miners favorable terms. While in the Senate, he has supported GENIUS and the repeal of Staff Accounting Bulletin (SAB) No. 121.<\/p>\n Investments: <\/strong>As of an August 2024 filing, Mullin owns<\/a> shares in Intercontinental Exchange and BlackRock, while his wife owns shares of PayPal.\u00a0<\/p>\n Tommy Tuberville, Republican<\/strong><\/p>\n Senator Tommy Tuberville is currently serving his first term in the US Senate, first getting elected in 2020. While in office, Tuberville has come out in support of crypto. In April 2025, he introduced<\/a> a bill letting Americans put crypto in their retirement funds. He has also vocally supported<\/a> the establishment of a Bitcoin reserve.\u00a0<\/p>\n Investments: <\/strong>According to a July 2024 filing<\/a>, Tuberville has investments in PayPal. <\/p>\n Katie Britt, Republican<\/strong><\/p>\n Senator Katie Britt was first elected to the Senate during the 2022 midterms. While campaigning, she accepted<\/a> donations in cryptocurrency from donors. In 2024, she advocated to \u201cGet Gensler Out\u201d of the Securities and Exchange Commission, saying<\/a> that the Biden administration was stifling innovation.\u00a0<\/p>\n Investments: <\/strong>Britt\u2019s husband has common stock in crypto-friendly payments firm Block, according to a July 2024 filing<\/a>.<\/p>\n Bernie Moreno, Republican<\/strong><\/p>\n Bernie Moreno is new to the Senate, securing his seat in the 2024 federal elections. While on the campaign trail and in the Senate, Moreno called for more favorable regulations for the industry. In January, he supported<\/a> President Donald Trump\u2019s \u201cday-one\u201d nomination of Paul Atkins to head the SEC.<\/p>\n Investments: <\/strong>According to an August 2024 filing, Moreno owns<\/a> between $500,000 and $1 million in shares in online trading platform eToro, which offers crypto trading services.\u00a0<\/p>\n Shelley Capito, Republican<\/strong><\/p>\n Senator Shelley Capito has served in the Senate since 2015. During her tenure, she raised<\/a> concerns about how cryptocurrencies could be used for terrorism financing. Her voting record is crypto-friendly; she supported both the GENIUS Act and the joint resolution to repeal SAB 121. <\/p>\n Investments: <\/strong>According to a May 2024 filing, her husband had between $15,001 and $50,000 invested<\/a> in BlackRock.\u00a0<\/p>\n Dave McCormick, Republican<\/strong><\/p>\n Senator Dave McCormick, who previously served as under secretary of the treasury for international affairs under President George W. Bush, is a first-term senator, getting elected in 2024. While campaigning, McCormick boosted<\/a> his state\u2019s Bitcoin mining industry. Industry figures like Coinbase CEO Brian Armstrong have also spoken out<\/a> in favor of his position on crypto. <\/p>\n Investments: <\/strong>A March 2025 filing shows<\/a> a number of purchases in the Bitwise Bitcoin ETF.<\/p>\n Sheldon Whitehouse, Democrat<\/strong><\/p>\n Sheldon Whitehouse is the senior senator of his state, serving in Congress since 2011. In the last several years, he has raised<\/a> concerns over the energy consumption of Bitcoin mining, as well as the potential for Russia to use<\/a> crypto to evade US sanctions. He has voted against the GENIUS Act and co-sponsored the Digital Asset Anti-Money Laundering Act of 2023, which Stand With Crypto rated as \u201cvery anti-crypto.\u201d\u00a0<\/p>\n Investments: <\/strong>According to an August 2024 filing<\/a>, Whitehouse has investments in Tesla, Block and PayPal. All investments are between $1,001 and $15,000.\u00a0<\/p>\n This list is not exhaustive; there are plenty of companies in which lawmakers invest that are affected by cryptocurrency price movements and market effects. It also does not include any members of the House of Representatives, where crypto regulation is similarly in the works.\u00a0<\/p>\n
<\/figcaption><\/figure>\nNevada<\/h2>\n
Alaska\u00a0<\/h2>\n
Oklahoma<\/h2>\n
Alabama<\/h2>\n
Ohio<\/h2>\n
West Virginia<\/h2>\n
Pennsylvania<\/h2>\n
Rhode Island<\/h2>\n