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Republican US Senate Candidate From Arizona Has Seven Figures Worth Of Cryptocurrency Holdings

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According to recent filings, Blake Masters, one of the most prominent Republican candidates for the 2022 Senate race in Arizona has more than $1 million worth of Cryptocurrencies.

Read: Six New Crypto Billionaires Join 2021 Forbes 400 List Of Richest People



Masters, who is a close friend of billionaire Peter Thiel, recently suggested the US government should purchase Bitcoin as a reserve asset for strategic purposes.

Read: Blake Masters Says US Government Should Buy Bitcoin

 

Alongside bitcoins, the 34-year-old tech executive has an extensive collection of altcoins in his portfolio, which includes Ethereum, Dogecoin, Litecoin, Zcash, and more.

Business Insider Writes:

“His cryptocurrency holdings are indeed intriguing: He reported between $1.47 million and $6.19 million worth of assets across nine cryptocurrencies, including bitcoin, bitcoin cash, dogecoin, ether, file coin, litecoin, tezos, and zcash. This makes Masters one of the most heavily cryptocurrency-invested congressional candidates.”

Also, he is a holder of physical silver and gold.

“Masters also owns between $2,000 and $30,000 in gold and silver bars and coins, according to his disclosure.”

Read: Bank Of America Report Shows 27% Of The United States Population Will Be Using Crypto In 2022

 

The STOCK Act, passed in 2012, requires that candidates divulge financial information in order to prevent insider trading.

On the 7th of October, Senator Cynthia Lummis (R-WY) also made a statement about a purchase of up to $100,000 in bitcoin.

Read: Bloomberg Believes SEC May Approve Four Bitcoin ETFs For The First Time By The End Of October

The former presidential candidate Andrew Young, who recently quit his relations with the Democratic Party and founded the PAC Forward Party, described himself as a “big supporter” of Bitcoin.

Read: JP Morgan Report Shows Institutional Investors Are Preferring Bitcoin Over Gold

Texas Senator Ted Cruz has also come up as a supporter of the cryptocurrency industry.





But the former President Donald Trump, who undoubtedly is the most powerful Republican despite his unsuccessful reelection bid, is still anti-crypto. In his most recent conversation with Yahoo Finance, he suggested that crypto might threaten the US dollar’s position as the global reserve currency.

Read: Gary Gensler Confirms That SEC Has No Plans To Ban Crypto, But Congress Could

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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