Senator Bought Up To $1.6 Million In Bitcoin ETF Shares In 2025 — Here's The Potential Conflict Of Interest

Benzinga2025-12-30

Senator David McCormick (R-Pa.) has been actively buying up shares of a Bitcoin ETF in 2025. The purchases come alongside limited trading activity in stocks and options, but could raise concerns about...

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The purchases come alongside limited trading activity in stocks and options, but could raise concerns about...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/25/12/49613154/senator-bought-up-to-1-6-million-in-bitcoin-etf-shares-in-2025-heres-the-potential-conflict-of-interest\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Senator Bought Up To $1.6 Million In Bitcoin ETF Shares In 2025 — Here's The Potential Conflict Of Interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSenator Bought Up To $1.6 Million In Bitcoin ETF Shares In 2025 — Here's The Potential Conflict Of Interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-30 00:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/politics/25/12/49613154/senator-bought-up-to-1-6-million-in-bitcoin-etf-shares-in-2025-heres-the-potential-conflict-of-interest><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Senator David McCormick (R-Pa.) has been actively buying up shares of a Bitcoin ETF in 2025. The purchases come alongside limited trading activity in stocks and options, but could raise concerns about...</p>\n\n<a href=\"https://www.benzinga.com/news/politics/25/12/49613154/senator-bought-up-to-1-6-million-in-bitcoin-etf-shares-in-2025-heres-the-potential-conflict-of-interest\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/news/politics/25/12/49613154/senator-bought-up-to-1-6-million-in-bitcoin-etf-shares-in-2025-heres-the-potential-conflict-of-interest","article_id":"2595731667","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2025/12/29/Us-Capitol-Lights-North-Side-Illuminated.jpeg"],"rights":{"source":"Benzinga","url":"https://www.benzinga.com/news/politics/25/12/49613154/senator-bought-up-to-1-6-million-in-bitcoin-etf-shares-in-2025-heres-the-potential-conflict-of-interest","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2595731667","pubTimestamp":1767024594,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Senator David McCormick (R-Pa.) has been actively buying up shares of a Bitcoin ETF in 2025.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","BK4597":"股息贵族","BK4212":"包装食品与肉类","BK4601":"加密货币现货ETF","BTC":"Grayscale Bitcoin Mini Trust","BK4550":"红杉资本持仓","BK4588":"碎股","BK4594":"比特币ETF概念","BITB":"比特币ETF-Bitwise","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC"},"translate_title":"参议员在2025年购买了高达160万美元的比特币ETF股票——这是潜在的利益冲突","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITB":1.97,"BTC":1.86},"content_text":"Senator David McCormick (R-Pa.) has been actively buying up shares of a Bitcoin ETF in 2025. The purchases come alongside limited trading activity in stocks and options, but could raise concerns about a conflict of interest given his committee assignments.Here's a look at the latest purchases.Senator Goes Bitcoin Shopping AgainMcCormick disclosed buying shares of the Bitwise Bitcoin ETF (NYSE: BITB) during Thanksgiving week, according to the Benzinga Government Trades page.According to the disclosure, McCormick purchased the following:\nNov. 26: Buy $50,000 to $100,000 BITB\nNov. 28: Buy $50,000 to $100,000 BITB\nThe senator also bought and sold multiple municipal securities, as reported on the latest disclosure.McCormick’s disclosures in 2025 have mostly included municipal securities and Bitcoin ETFs. Here’s a look at the senator’s purchases of BITB this year:\nNov. 25: $15,000 to $50,000\nNov. 24: $50,000 to $100,000\nApril 9: $15,000 to $50,000\nApril 7: $15,000 to $50,000\nApril 3: $15,000 to $50,000\nApril 2: $15,000 to $50,000\nMarch 31: $15,000 to $50,000\nMarch 27: $50,000 to $100,000\nMarch 25: $50,000 to $100,000\nMarch 24: $15,000 to $50,000\nMarch 20: $50,000 to $100,000\nMarch 13: $15,000 to $50,000\nMarch 11: $15,000 to $50,000\nMarch 10: $50,000 to $100,000\nMarch 5: $15,000 to $50,000\nMarch 3: $50,000 to $100,000\nFeb. 28: $15,000 to $50,000\nFeb. 27: $50,000 to $100,000\nFeb. 26: $15,000 to $50,000\nFeb. 25: $50,000 to $100,000\nIn total, McCormick has now purchased at least $680,000 in shares of the Bitwise Bitcoin ETF in 2025, with the potential of up to $1.6 million in shares purchased during the year.The latest purchases on Nov. 26 and Nov. 28 were made while Bitcoin (CRYPTO: BTC) traded between $86,316.90 to $92,969.09. Bitcoin trades at $87,252.99 at the time of writing.Bitcoin is down 6.2% year-to-date in 2025, while the Bitwise Bitcoin ETF is down 10.0% year-to-date in 2025. Many of McCormick's purchases of the Bitcoin ETF came with Bitcoin trading between $80,000 and $90,000. By avoiding purchases in the months of May through October, McCormick didn't buy shares of the Bitcoin ETF when the leading cryptocurrency was trading for more than $100,000.Did You Know?\nCongress Is Making Huge Investments. Get Tips On What They Bought And Sold With Our Easy-to-Use Tool\nMcCormick’s Crypto HistoryThe senator has been perceived as being friendly to the cryptocurrency sector, which prompted an endorsement from a key crypto figure in his 2024 Senate race.McCormick, the former CEO of the hedge fund Bridgewater Associates, narrowly won a Senate seat in the 2024 election. During his Senate campaign, McCormick was endorsed by Coinbase Global CEO Brian Armstrong for his pro-crypto support.“If you live in Pennsylvania, you should vote for Dave McCormick. He is the better candidate on crypto (among many other credentials,” Armstrong said at the time.A senator buying Bitcoin ETFs could signal support for the leading cryptocurrency. The purchase and timing could also draw red flags and continue the hot debate over whether members of Congress should be able to profit off the buying and selling of stocks, options and cryptocurrencies.On the day of McCormick’s first ETF purchase (Feb. 25), he was part of the Senate Banking Subcommittee on Digital Assets’s first hearing.“2025 is the year for digital assets. Blockchain and digital assets offer Pennsylvania and America a chance to lead the next wave of innovation, enhancing our national security and our economy. Proud to be a member of the inaugural Senate Banking Subcommittee on Digital Assets,” McCormick tweeted.McCormick’s involvement in the Subcommittee on Digital Assets and his heavy trading in a Bitcoin ETF will likely invite scrutiny ahead of a potential Bitcoin Strategic Reserve.Read Next: \nTop 10 Stock Traders In Congress For 2024: How Nancy Pelosi, Pete Sessions, Susan Collins, Marjorie Taylor Greene Rank\nPhoto: ShutterstockBITBBitwise Bitcoin ETF$47.550.01%Overview$BTCBitcoin$87645.26-0.26%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2595731667","isCrawlerRequest":true}