The filing shows that the Texas Republican bought between $15.001 to $50.000 worth of Bitcoin on January 25, and used the brokerage River to make the transaction.
Cruz joins the US Senate Bitcoin boosters
Until recently, Wyoming’s Cynthia Lummis and Pennsylvania’s Pat Toomey were the only two US senators invested in cryptocurrencies.
At the time of Cruz’s purchase, the price of Bitcoin was down roughly 47% from its ATH recorded in November, when the cryptocurrency approached $69.000.
The Texas Republican disclosed the purchase early within the reporting deadline set by The Stop Trading on Congressional Knowledge (STOCK) Act, which requires members of Congress to report the purchase, sale or exchange of any stock, bond, commodities future or other security that tops $1,000 within 45 days following the transaction.
This in mind, the following weeks could reveal some new names joining the Bitcoin boosters in the US Congress, who, similar to Cruz, recognized the last price dip as an opportune point of entry.