US Congresswoman Stated She Purchased Ether and Litecoin in 2017

Article by · August 22, 2018 ·

A recently published financial disclosure revealed that U.S. Representative Tulsi Gabbard of Hawaii purchased litecoin and ether in late 2017.

Gabbard stated in a Financial Disclosure Report filed on August 14, that she purchased more than $1,000 in ethereum and litecoin in December 2017. The precise amounts of each token purchased by her were not stated, although the report recorded that her assets for each one are between $1,001 and $15,000 under the “Assets and ‘Unearned’ Income” section.

It was confirmed that she bought the tokens on Dec. 12, 2017, as both the ethereum and litecoin were seen under the “Transactions” category. According to data from CoinMarketCap, Dec. 12, 2017, it was the day ethereum’s price hit a high of $659 and a low of $526. As at press time, Ethereum was roughly trading at $278.

Similarly, on the same day, litecoin was trading at a low of $230 and a high of $339, whereas, as of press time, traded at $55.

The disclosure by Gabbard notified that the capital gains she made on the two tokens were not greater than $200.

She is one among others, just like Robert Goodlatte, Virginia Representative who revealed in a similar report that he had purchased bitcoin, bitcoin cash, and ethereum. According to Goodlatte, he mentioned that he purchased between $1,001 and $15,000 in bitcoin cash and ethereum and more than $15,000 in bitcoin.

Goodlatte expressed that he has not noted any income from his cryptocurrency holdings.

Whereas, a permission for comment to Gabbard’s office was not immediately granted.


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