Thomas Daniels
Republican Congressman Mike Collins, recently re-elected to represent Georgia’s 10th Congressional District, has disclosed a notable investment in Ethereum (ETH), totaling approximately $80,000. According to data from Quiver Quantitative, a platform monitoring investment activities of public figures, this disclosure was posted on Nov. 8 on X (formerly Twitter).
In addition to Ethereum, Rep. Collins reportedly also acquired $15,000 worth of Aerodrome (AERO). Aerodrome operates as an automated market maker and decentralized exchange, positioned as the main liquidity provider on Coinbase’s Base—a layer-2 network built on Ethereum.
This move came just three days after former President Donald Trump won a decisive victory in the U.S. election, an outcome that triggered a strong bullish shift in the cryptocurrency market. Ethereum and Bitcoin both surged on the wave of renewed enthusiasm, with Bitcoin reaching a new all-time high above $76,000 and Ethereum climbing to $2,957 on Nov. 8.
However, despite its gains, Ethereum remains nearly 40% below its all-time high of $4,867, set in May 2021. Unlike Bitcoin’s recent rapid ascent, Ethereum has yet to reclaim the yearly high it reached above $4,000 in March.
Rep. Collins is not the first member of Congress to reveal cryptocurrency holdings, but his substantial investment in Ethereum may signal a growing trend of pro-crypto sentiment among U.S. lawmakers. This shift is unfolding as more pro-crypto candidates assume office, suggesting a potential turning point for the industry within the legislative arena.
The crypto sector in the U.S. currently faces cautious optimism, particularly as the industry looks to move past the Securities and Exchange Commission’s regulatory enforcement approach under Chair Gary Gensler. Critics argue that Gensler’s hardline stance over the past four years has risked sidelining the U.S. in the race for blockchain and crypto innovation. Trump, in a campaign pledge, has promised to remove Gensler from his position upon taking office, a development that could signal a new regulatory direction for the industry.
