Republican Mike Collins Holds Ethereum (ETH) as the Crypto Industry Makes Mark on the U.S. Legislative Map

Republican Mike Collins, re-elected to the U.S. House of Representatives in Georgia's 10th Congressional District, holds Ethereum.

Republican Rep. Mike Collins of Georgia disclosed an investment in Ethereum (ETH) worth nearly $80,000, according to a report on Tuesday, Nov. 8.

The platform that tracks investment purchases and trades of key public figures shared this via a post on X on Tuesday.

Rep. Collins, who was re-elected to the U.S. House of Representatives in Georgia’s 10th Congressional District, disclosed the ETH investment just three days after Donald Trump resoundingly won the U.S. election to send crypto skyrocketing.

As reported by Quiver Quantitative, the Georgia lawmaker purchased the second-largest cryptocurrency on Nov. 5.

The lawmaker also reportedly purchased $15,000 worth of Aerodrome (AERO) on Oct. 28. Aerodrome is an automated market maker and decentralized exchange that functions as the central liquidity hub for Base, a layer-2 network on Ethereum launched by Coinbase.

The disclosure of the ETH investment comes three days after Trump won the U.S. election, with crypto surging massively following the announcement.

Bitcoin (BTC) price soared to a new all-time high above $76k on Monday, Nov. 7, while ETH price hit highs of $2,957 on Tuesday.

However, ETH price is yet to rally as strongly as BTC, with the native token of the smart contracts platform still nearly 40% off its ATH above $4.8k.

ETH price hit its highest point to-date in May 2021, while it last crossed the $4k threshold in March.

While not the first Congressman to disclose they hold cryptocurrency as part of their portfolio, Collins' move suggests a likely new trend as the crypto industry lays a mark on the U.S. legislative map with the highest number of pro-crypto elected candidates.

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