Bitcoin was trading 2.33% lower on Saturday morning.
The price was around $ 54,580 per coin, while rivals Ethereum and Dogecoin were trading around $ 3,576 (-1.93) and 24.4 cents (-1.02%) per coin, respectively, according to Coindesk.
U.S. Senator Cynthia Lummis, R-Wyo., Has long been a fan of Bitcoin, and a disclosure filed on Thursday shows that she stole up to $ 100,000 of the cryptocurrency in one transaction this summer.
CHINA proposes adding cryptocurrency mining to the “negative list” of industries
Filing shows that Lummis made a purchase of between $ 50,001 and $ 100,000 from the River Financial bitcoin exchange on Aug. 18 when the digital currency was around $ 45,000 per coin, while Bitcoin was now at $ 54,760. Dollar is traded.
The New York Post noted that Lummi’s August Bitcoin purchase came less than two weeks after she, along with two other senators, tried to incorporate an amendment to the infrastructure bill that is seen as beneficial to the cryptocurrency broker who wasn’t contain.
Lummis has made no secret of their interest in developing pro-crypto laws.
In other cryptocurrency news, the Securities and Exchange Commission regulators have OK’d Volt Crypto Industry Revolution and Tech ETF trading under the ticker symbol BTCR.
Volt Equity’s exchange-traded fund is the first of its kind to offer investors access to companies with significant exposure to bitcoin, the agency said.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
The fund, which cannot invest directly in Bitcoin, will invest at least 80% of its net assets in “Bitcoin Industry Revolution Companies”, which are defined as companies that hold a majority of their net assets in, or derive a majority of their income from, the world’s largest cryptocurrency Profits directly from bitcoin mining, lending, or the transaction.