Members of Congress are increasingly turning to cryptocurrency and cryptocurrency-related exchange-traded funds (ETFs) as a means to diversify their investment portfolios, reflecting a growing interest in this financial sector, particularly as it gains backing from the Biden administration. Notably, Congressman Mike Collins (R-Ga.) has made headlines for his significant investments in Ethereum throughout 2025, culminating in impressive returns as the cryptocurrency recently reached all-time highs.
Collins has disclosed multiple acquisitions of Ethereum on the Benzinga Government Trades page, with recent purchases recorded in August. Specifically, he acquired between $1,000 and $15,000 worth of Ethereum on August 7, shortly before it hit its latest all-time high. His buying history for Ethereum in 2025 is as follows:
- January 3: Between $1,000 and $15,000
- May 1: Between $1,000 and $15,000
- July 8: Between $1,000 and $15,000
- August 7: Between $1,000 and $15,000
Collins’ Ethereum investments occurred at times when the price was below $3,000, a stark difference from its present valuation of $4,462.20. By utilizing the maximum purchase amount of $15,000 and referencing Ethereum’s peak prices on each purchase date, Collins may have acquired a substantial amount of Ethereum, specifically 21.6747 ETH. This investment is now valued at approximately $96,716.85, reflecting a profit margin of 61.2%, illustrating a successful venture in the cryptocurrency market within just eight months.
In addition to Ethereum, Collins has shown a notable interest in the meme coin Ski Mask Dog Coin (SKI/USD), reportedly investing similar sums on several occasions throughout 2025. The Congressman previously sold part of his holdings in this coin during December 2024, when it soared to an all-time high of $0.3639 shortly after his purchases were disclosed. Currently, the coin is trading at approximately $0.05153, indicating the volatile nature of meme coins compared to more established cryptocurrencies like Ethereum.
The conversation surrounding Congressional investment practices has gained traction, especially with a proposed bill aimed at prohibiting members from trading stocks, options, and ETFs. However, this legislation notably does not address cryptocurrency investments directly. A poll indicated that nearly half of respondents believe that members of Congress should not engage in cryptocurrency investments at all, a sentiment highlighted by concerns over potential market manipulation, especially when it comes to smaller, more volatile assets such as meme coins.
Ethereum’s recent trading performance underscores its volatility; it has a 52-week trading range fluctuating between $1,386.80 and $4,953.73, with the latest peak reached on August 24. As the topic of cryptocurrency investing among legislators evolves, individuals and the market remain watchful for any implications that might arise from their trading activities.
