Congressman Who Wanted to Name Airport After Trump Buys Bitcoin, Solana, and XRP Ahead of Inauguration

A congressman revealed the purchase of three cryptocurrencies in December, as the sector prepares to welcome the cryptocurrency backer White House management.

What happened: With many cryptocurrencies reaching all-time highs Donald Trump Winning the 2024 election, members of Congress like the representative Guy Reschenthaler (R-Pa.) They add Cryptocurrency to their wallet.

According to Benzinga’s government deals page for Reschenthaler, the Republican representative recently disclosed the deals in a single filing.

Below are the cryptocurrencies purchased and the dates the trades were made:

• December 11: $1,000 to $15,000 Solana Sol/US Dollar
• December 11: $1,000 to $15,000 XRP token Ripple/USD
• December 23: $1,000 to $15,000 Bitcoin Bitcoin/US Dollar

These transactions are the first that Reschenthaler has disclosed since joining Congress in 2019.

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Why is it importantReschenthaler, 41, has not been as outspoken about cryptocurrencies as other members of Congress. The purchase may have been partly due to his belief that a Trump presidency would be positive for the cryptocurrency sector.

Here’s a look at how much the congressman paid for cryptocurrencies at the current price:

• Solana: 11/12 range is $211.99 to $230.51, today $175.83
• XRP: 11/12 range $2.24-$2.47, today $2.45
• Bitcoin: 12/23 range is $92,403.13 to $96,416.21, today $91,836.61

Two of the Congressman’s purchases lost money while his XRP purchase turned into a profitable trade. Benzinga will be closely monitoring members of Congress’ trading activity when it comes to cryptocurrencies in the coming months.

Last year, Reschenthaler Proposed renaming Washington Dulles International Airport, located 25 miles from Washington, D.C. to Donald J. Trump International Airport.

“In my lifetime, our nation has never been greater than under the leadership of President Donald J. Trump,” Reschenthaler said. He said at that time. “As millions of domestic and international travelers travel through the airport, there is no better symbol of freedom, prosperity and power than hearing the words ‘Welcome to Trump International Airport’ as they land on American soil.”

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