U.S. Senator Dave McCormick, a Pennsylvania Republican and former CEO of Bridgewater Associates, has become the largest holder of Bitcoin in Congress after investing nearly $1 million in the cryptocurrency this year. McCormick has been making regular purchases of the Bitwise Bitcoin ETF, demonstrating his confidence in the digital asset's potential. The investment comes as McCormick pushes for bipartisan legislation in coordination with the Trump administration to advance crypto policy. He believes that the United States should take a leading role in shaping the future of digital currencies and blockchain technology. McCormick's background in finance and his experience at Bridgewater, one of the world's largest hedge funds, has positioned him as a knowledgeable and influential figure in the crypto space. His investment in Bitcoin and his advocacy for crypto-friendly legislation suggest that he sees significant potential in the technology and wants to ensure that the U.S. is at the forefront of its development. As the largest BTC holder in Congress, McCormick's actions may influence the direction of crypto policy and regulation in the United States. His calls for bipartisan collaboration and his commitment to advancing the technology could pave the way for more favorable conditions for cryptocurrency adoption and growth in the country.
