Rep. Alexandria Ocasio-Cortez (Dem-N.Y.) said she does not hold any digital assets and currencies such as Bitcoin BTC/USD.
What Happened: The Congresswoman made the revelation in an ask me anything session over Instagram while she was “stuck at the airport.”
Ocasio-Cortez said she does not believe members of Congress should “hold/trade individual stocks.”
“I choose not to hold any so I can remain impartial about policy making,” said Ocasio-Cortez. She said that this is because members of Congress have access to “sensitive information and upcoming policy.”
Ocasio-Cortez extends the same policy to digital assets and currencies and especially Bitcoin because she sits on the Financial Services Committee.
“So the answer is no [Bitcoin] I want to do my job as ethically and impartially as I can.”
See Also: How To Buy Bitcoin (BTC)
Why It Matters: Ocasio-Cortez holds the distinction of being the youngest woman to serve in Congress. She is s known for the Green New Deal resolution, which seeks to address the economic, racial, social, and climate crisis affecting the United States.
Bitcoin mining is energy-intensive and is often criticized by environmentalists. This summer, Elon Musk-led Tesla Inc TSLA suspended Bitcoin payments citing such concerns. Notably, Musk is a well-known Bitcoin and Dogecoin DOGE/USD bull.
This Wednesday, six CEOs of cryptocurrency firms have been called in front of the Financial Services Committee by Rep. Maxine Waters (Dem-Calif.).
The CEOs are Jeremy Allaire of Circle, Samuel Bankman-Fried of FTX, Brian P. Brooks of Bitfury Group, Charles Cascarilla of Paxos Trust Company, Denelle Dixon of Stellar Development Foundation, and Alesia Jeanne Haas of Coinbase Global Inc COIN.
The hearing takes place at a time when hackers have stolen over $200 million of Shiba Inu, Saitama and other tokens from Bitmart Exchange.
Price Action: At press time, Bitcoin rose 3.54% higher at $50,909.32 over 24 hours.
Photo: Courtesy of NRKBeta via Wikimedia
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