This crowdsourcing project tries to reveal American politicians who own Bitcoin – Bitcoin News

0


[ad_1]

On September 19, 2021, Casa software developer and co-founder Jameson Lopp announced a new project called bitcoinpoliticians.org that sifts through Congressional financial information and records it in a database. Lopp says the goal is to create “more transparency around bitcoin ownership” and so far he has analyzed about 13% of Congress’ financial information.

Jameson Lopp launches Bitcoin politician project

Nowadays, politicians owning bitcoin have become a rising trend in recent years, unlike the early days when bureaucrats regularly criticized the concept. There are certainly a large number of politicians who still hate bitcoin and the crypto economy, but now lawmakers are starting to see the benefits of technology and there are a number of bureaucrats in a variety of countries who now own the main crypto asset.

Members of Congress and other U.S. federal leaders are required to disclose their finances to the public, as was the case during the recent scrutiny of senior Federal Reserve officials and Fed Chairman Jerome Powell. Casa co-founder Jameson Lopp has started a new project called bitcoinpoliticians.org who tries to register the possession of bitcoins among the American bureaucrats.

Bitcoinpoliticians.org aims to create “more transparency around bitcoin ownership

“Based on the public financial disclosures, we can find out which congressional politicians are actually in the game,” the website explains. “Because researching financial information can be a tedious process, the goal of this project is to crowdsource the work. »Lopp details in a Tweeter that it “analyzed 13% of the 538 reports” from the United States House, US Senate, and the American executive branch.

Lopp is hopeful that the crypto community will help complete the rest of the reports in order to have a more accurate list of US politicians holding bitcoins. “I estimate that around 40 man hours are required to research and fill in the financial information of the remaining 435 members of Congress on bitcoinpoliticians.org,” Lopp added on Tuesday. “A full week’s work for a single contributor, but much less if a few dozen people are looking for 10 disclosures each.”

With 13% analyzes, only one politician has been appointed so far

Looking through the list of US Senate, House and Executive Bureau bureaucrats, many of the politicians listed have either a “no” or a question mark next to their name. This means that the person certainly does not own bitcoin by their own testimony or that at the time the politician‘s financial disclosure has yet to be assessed by Lopp or members of the community. There is only one “yes” mark next to the listed politicians and that person is Republican Cynthia Lummis.

Currently, at the time of publication, Republican Cynthia Lummis is the only bitcoin owner on the list.

According to Lopp’s website, Lummis has around $ 100,000 to $ 250,000 of bitcoin (BTC). However, Lopp’s website mentions that Republican Patrick Toomey owns the GBTC and ETHE grayscale products. Bitcoinpoliticians.org discloses a few US bureaucrats who own gold like Republican Mitt Romney who owns $ 250,000 to $ 500,000 in gold bullion. Republican Joshua Hawley holds between $ 1,000 and $ 15,000 in Gold Trust.

As Lopp’s list has not been fully analyzed, this does not mean that Lummis is the sole owner of bitcoin. When the disclosures are fully combed through, a few other U.S. bureaucrats may have revealed that they own the main crypto asset.

What do you think of Jameson Lopp’s bitcoinpoliticians.org website? Let us know what you think of this topic in the comments section below.

Tags in this story

40 hours, Bitcoin, Bitcoin (BTC), Bitcoinpoliticians.org, Bureaucrats, Members of Congress, Congressional Financial Disclosures, Crowdsourced, cynthia lummis, Executive Branch, Financial Disclosures, Jameson Lopp, Mitt Romney, Patrick Toomey, Politicians, Representatives, Senators

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.


[ad_2]

Leave A Reply

Your email address will not be published.