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Tanuki

(15,277 posts)
Mon May 24, 2021, 07:18 PM May 2021

Congressman Mark Green (R-Asshole) cashing in on cryptocurrency

https://www.salon.com/2021/05/22/meet-the-republican-congressman-cashing-in-on-cryptocurrency/

".Mark Green, R-Tenn., made history last month as the first congressman to cash in on the cryptocurrency Dogecoin's wild ride — making two purchases between $1,000 and $15,000 each, according to public disclosure forms.

The investments added to Green's already hefty crypto portfolio, which contains Basic Attention Token, CELO, EOS, Etherium, and Stellar Lumens, according to an analysis compiled by Unusual Whales, a market research startup. He's one of only three U.S. representatives known to have invested in the burgeoning technology.

Given the fact that discussions over industry regulation are currently ongoing, such an investment by a sitting member of Congress is "entirely inappropriate," says Richard Painter, a former White House ethics attorney under President George W. Bush and University of Minnesota law professor.

"It boggles my mind that this is allowed," Painter told Salon. "We have conflict of interest laws that govern executive branch officials in charge of regulation. Why is it that legislators are treated any differently?"

Green's office declined to comment for this report."....(more)



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