US congressman Mike Collins loves day trading altcoins, report

US congressman Mike Collins has reportedly been making ‘pretty wild day trades,’ according to crypto analytical firm Quiver Quantitative.

In an X (formerly Twitter) post on Monday, Quiver claimed that Collins bought up to $50,000 of an altcoin called Aerodrome on July 6. Then, on August 4, he sold the coins before rebuying them on August 5.

“Pretty wild trading from a member of Congress,” Quiver noted.

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According to Quiver, Collins also bought up to $15,000 worth of a coin called Velodrome in May and sold up to $15,000 of The Graph, Aerodrome, and Velodrome between June 23 and June 24.

He also reported two ether trades totaling $65,000 in early 2024 and has reported ether trades of $110,000 since 2023.

Members of Congress can reportedly buy, sell, and trade stocks and other investments despite working on laws that may offer a potential conflict of interest with their chosen investments.

Under the STOCK Act, members are required to report investment purchases, sales, or exchanges over $1,000.

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