Last week, Tulsi Gabbard, a U.S State Representative revealed in her financial disclosure form that she had invested up to $15,000 in each, Ethereum and Litecoin in December 2017. Congresswoman Tulsi Gabbard serves the 2nd district of Hawaii and was the youngest person ever to be elected in the Hawaii State Legislature.
Preceding this, another US congressman named Bob Goodlatte, who serves as the Chair of the House Judiciary Committee also disclosed his wealth in cryptocurrencies [Bitcoin and Ethereum]. This was the result of the mandatory protocol by the government of U.S wherein the members are required to reveal their cryptocurrency holdings.
Litecoin and Ethereum have been subject to success in terms of adoption and technology, respectively. Charlie Lee, the Founder of Litecoin, has left no stone unturned in bringing adoption to his cryptocurrency. On several occasions, the computer scientist also clarified that his priority for Litecoin is for it to be adopted by more and more exchanges, merchants and other related platforms.
When it comes to Ethereum, dozens of cryptocurrency tokens are still using the blockchain technology of Ethereum to back themselves. There are three kinds of Ethereum tokens, namely, ERC20, ERC223, and ERC777.
In the US, the official authorities have projected a mixed perspective on the cryptocurrency space. The Securities and Exchange Commission [SEC] has been in the limelight for rejecting and delaying multiple Bitcoin ETFs proposed by different institutions.
Subsequently, Congressman Brad Sherman passed remarks on Bitcoin and cryptocurrencies in general during the Subcommittee on Monetary Policy and Trade Hearing: ‘The Future of Money: Digital Currency’ held in July. He said that the mining and trading of cryptocurrencies must be banned for all the US citizens. The subcommittee is dedicated to the area of financial services.
The popularity of cryptocurrencies is growing in the US. According to Google Trends, Hawai‘i has topped the list of states that have the highest Bitcoin searches online. Other states that have been included in the list are Massachusetts, Colorado, New Jersey, Nevada, Washington, California, Illinois, Utah and New York.