Bitcoin, Ethereum, Dogecoin all in negative territory early on Saturday

Bitcoin was trading down 2.33% on Saturday morning.

The price was around $ 54,580 per coin, while rivals Ethereum and Dogecoin were trading at around $ 3,576 (-1.93) and 24.4 cents (-1.02%) per coin, respectively, according to Coindesk. .

U.S. Senator Cynthia Lummis, R-Wyo., Has long been a fan of Bitcoin, and a disclosure filed Thursday shows that she has recovered up to $ 100,000 in cryptocurrency in a transaction during the summer.

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The record indicates that Lummis bought between $ 50,001 and $ 100,000 from the Bitcoin River Financial exchange on August 18, when the digital currency was around $ 45,000 per coin, while bitcoin is now trading at $ 54,760.

The New York Post noted that Lummis’ August purchase of Bitcoin took place less than two weeks after she joined with two other senators in an attempt to include an amendment in the proposed infrastructure bill. as favorable to the crypto industry, but the attempt to narrow down the definition of who is a cryptocurrency broker was not included.

Lummis has made no secret of his interest in crafting pro-crypto legislation.

In other cryptocurrency news, Securities and Exchange Commission regulators have OK’d Volt Crypto Industry Revolution and Tech ETF, which will trade under the ticker symbol BTCR.

Volt Equity’s exchange-traded fund is the first of its kind, giving investors access to companies with high Bitcoin exposure, according to the agency.

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The fund, which cannot invest directly in Bitcoin, will invest at least 80% of its net assets in “bitcoin industry revolution companies”, which are defined as those that hold the majority of their net assets in largest cryptocurrency in the world or derive the majority of it. their income or profits directly from mining, lending or trading bitcoin.