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International Business Times UK
International Business Times UK
Niloy Chakrabarti

US Senator David McCormick Invested $1M in Bitcoin ETF Throughout the Crypto Dip Since Late Feb

David McCormick during a speech in Pittsburgh. (Credit: X.com)

Congressional trading activity peaked during the US tariff uncertainty at March-end as Congress members, including Marjorie Taylor Greene, made significant stock trades and happened to make markable profits in a matter of days. Although public outcry over banning such trades continues to gain momentum, the latest disclosures revealed that some Congress members went beyond stocks to profit from the cryptocurrency industry during the market crisis, which has fewer regulations than US equities.

Republican US Senator from Pennsylvania, David McCormick's trading activity on Quiver Quantitative shows he mostly picks low-risk investment instruments, but that pattern changed drastically since February.

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