Key Takeaways
- Collins bought SKI tokens valued between $1,001 and $15,000 across three transactions between December 1 and December 3, 2024,
- Collins’ previous financial filings include investments in Ether, Velodrome, Aerodrome Finance, and The Graph.
The US state of Georgia Representative Mike Collins has disclosed investments in crypto, including purchases of the Ski Mask Dog (SKI) token, according to a financial disclosure filed with the U.S. House of Representatives on January 1, 2025.
The report indicates that Collins bought SKI tokens valued between $1,001 and $15,000 across three transactions between December 1 and December 3, 2024, shortly after the U.S. elections.
This period coincided with a surge in crypto prices, particularly for SKI, which surged from under $0.01 in early November to an all-time high of over $0.35 by December 5, before stabilizing around $0.25.
SKI, a token launched in May 2024, gained traction late in the year, coinciding with broader market trends in digital assets. While it is unclear if Collins’ investment was related to his election victory, the congressman has shown increasing interest in crypto during his time in office.
Collins, a Republican, represents Georgia’s 10th Congressional District and secured reelection in November with more than 63% of the vote, defeating Democratic challenger Lexy Doherty.
This disclosure adds to Collins’ previous financial filings, which include investments in other digital assets such as Ether (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT). Over the past year, Collins reported purchasing over $65,000 worth of Ether, $115,000 in Aerodrome, and $15,000 each in Velodrome and The Graph.
Collins has, however, supported legislation that has garnered attention within the crypto industry, including his vote in favor of the Financial Innovation and Technology for the 21st Century (FIT21) Act.
He has also stated his intention to push forward with legislative priorities in the 119th session of Congress, signaling a willingness to engage with issues related to emerging financial technologies.
Under the Stop Trading on Congressional Knowledge (STOCK) Act, lawmakers are required to disclose financial transactions, including those involving cryptocurrencies, to ensure transparency and prevent conflicts of interest.
Collins appears to be the first member of Congress to file such a report in 2025. Other lawmakers with cryptocurrency disclosures include Texas Senator Ted Cruz and Wyoming Senator Cynthia Lummis, both of whom have been vocal advocates for digital assets.
