Capitol Trades Data Used to Analyze the Crypto Activity of US Lawmakers

In May 2022, 2iQ Research reflected on reports by Bloomberg and PYMTS covering the investment activity of US politicians. This media reporting was made possible by Capitol Trades’ advanced dataset.

Debate around the ethics of Capitol Hill’s trading activity has only continued to grow – discussions around cryptocurrency and crypto-related stocks have been the subject of greater scrutiny recently.

In light of this, Decrypt reporter Stacey Elliot recapped the Members of Congress Who Have Traded Crypto Since 2020 on June 11, 2022.

Using Capitol Trades’ data, Elliot identifies the 9 members of Congress who have reported their trading of crypto assets. Interestingly, the article notes that Republicans buy actual cryptocurrency whilst Democrats stick to crypto-related stocks, like Coinbase (COIN:US).

The article also refers to the problematic late trade reporting habits of politicians and lawmakers. This issue was the focus of an article by Gabe Kaminsky, Investigative Reporter for the Washington-based publication, The Daily Caller.

In this exclusive article, “Dem Senator’s Alleged Violation Of Stock Disclosure Rules Has Watchdogs Worried”, Kamisky uses Capitol Trades’ data to track late trade filings by Senator John Hickenlooper. The data revealed that, on average, filings were reported late by 333 days.

MarketWatch reporter Victor Reklaitis also covered the swelling debate on Congressional crypto trading activity. It’s crunch time for the push to ban Congress from trading stocks, published on May 19, 2022, referenced Capitol Trades’ role in enabling continuous reporting of congressional trading by the media and the transparency our platform is delivering.

Follow 2iQ’s blog for daily market commentary on corporate insider and politician trading activity and if you are a member of the media interested in how 2iQ’s data can be used for your own reporting, get in touch today.