Representative Mike Collins discloses purchase of Velodrome ($VELO)

Representative Mike Collins, a Republican member of the U.S. House from Georgia, has disclosed a purchase of the cryptocurrency Velodrome (VELO). According to congressional trade-tracking service Quiver Quantitative and related coverage, Collins reported that he bought VELO on 17 May, with the size of the trade falling in the U.S. Congress’ standard disclosure band of $1,001 to $15,000. The transaction was reported in a Periodic Transaction Report filed under the STOCK Act, which requires members of Congress to disclose securities and certain digital asset trades above $1,000. QuiverQuant notes this is the first time it has recorded any U.S. politician trading Velodrome, highlighting the growing presence of smaller DeFi and altcoin projects in congressional portfolios. Velodrome is a decentralized exchange and liquidity marketplace built on the Optimism (OP) network, and its token VELO is used for governance and incentives. Collins has previously reported multiple crypto-related trades, including Ethereum, Aerodrome (AERO), and other tokens, making him one of the more active U.S. lawmakers in the digital asset space. The VELO purchase has drawn attention from crypto media and social trading communities as another example of the intersection between U.S. political figures and on-chain assets.

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