U.S. Congressman, Barry Moore, has recently made headlines in the cryptocurrency market by selling some of his crypto assets. Moore, who reportedly began investing in cryptocurrencies in May 2021, has recently sold between $1,001 to $15,000 of Ethereum (ETH) and Cardano (ADA). This move indicates the Congressman’s subtle endorsement of digital currencies, raising their credibility in financial and political circles.
The Congressman’s activities in the cryptocurrency market also reflect the increasing acceptance of digital currencies among the political class. Despite the regulatory concerns and the volatility of the cryptocurrency market, more and more politicians appear to be embracing digital currencies. This trend could potentially influence future legislation and regulations related to cryptocurrencies.
