RATE Group | Ethereum and Litecoin: Congressperson Tulsi Gabbard likely lost money on purchases
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Ethereum and Litecoin: Congressperson Tulsi Gabbard likely lost money on purchases

22 Aug Ethereum and Litecoin: Congressperson Tulsi Gabbard likely lost money on purchases

Posted at 19:07h in Ethereum News by

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Tulsi Gabbard
Rep. Tulsi Gabbard, D-HI., nominates Sen. Bernie Sanders, I-VT., for President of the United States during the second day of the Democratic National Convention in Philadelphia.
AP/J. Scott Applewhite

Tulsi Gabbard could be the first member of Congress to have invested in cryptocurrencies.

According to a financial filing released Wednesday, the Democrat from Hawaii’s 2nd district bought between $1,001 and $15,000 of both ethereum and litecoin in December of 2017. And while it’s not clear the exact amounts purchased or the dates, its highly improbable the representative made a profit.

Even if Gabbard bought the digital coins lowest prices of December — $414 for ethereum and $83 for litecoin — she would have been in the red as of the disclosure’s August 14 filing date, given the coins’ respective prices of $278 and $54.56 on that day. That’s a 33% drop for both cryptocurrencies from their lowest…

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