Senator Dave McCormick Makes Major Bitcoin Investment Amid Crypto Regulation Push

U.S. Senator Dave McCormick, a former CEO of Bridgewater Associates and current member of the Senate Banking Committee's digital assets subcommittee, has significantly boosted his personal investment in bitcoin. According to recent financial disclosures, McCormick purchased between $310,000 and $700,000 worth of the Bitwise Bitcoin ETF in March, adding to a prior investment of up to $450,000 made in February. His total bitcoin-related holdings could now approach $1 million, making him the most heavily invested member of Congress in cryptocurrency this year.

These investments come as the Senate prepares to advance digital asset legislation, with McCormick playing a key role on the subcommittee leading crypto regulatory efforts. The Pennsylvania Republican, who joined the Senate this year, has consistently advocated for American leadership in the blockchain and crypto sectors. In the subcommittee's inaugural hearing on digital assets in February, he emphasized the importance of bipartisan legislation to foster innovation and secure the U.S. economic future. McCormick aligned this push with the agenda of former President Donald Trump, underlining the need for cooperation between Congress and the White House.

While McCormick’s bitcoin holdings have attracted attention, his overall portfolio remains largely focused on municipal securities, reflecting a diversified investment approach. By contrast, Representative Marjorie Taylor Greene of Georgia has made smaller bitcoin-related investments, opting for BlackRock’s iShares Bitcoin Trust (IBIT) instead.

McCormick’s high-profile bitcoin stake highlights the growing presence of digital assets within the legislative landscape. As lawmakers debate crypto oversight, his personal financial involvement signals both belief in the sector’s long-term value and a potentially influential voice in shaping the regulatory framework. With federal action on crypto expected later this year, McCormick’s dual role as investor and policymaker could prove pivotal.