Close ally of former President Donald Trump, Republican Congressman Byron Donalds of Florida, revealed that he purchased between $50,000 and $100,000 worth of Bitcoin, marking his first such investment. Donalds is a member of the House Financial Services Committee and its Digital Assets Subcommittee. At the time of his transaction, Bitcoin's price ranged from $84,436.31 to $89,412.66. Currently, Bitcoin is trading at $90,268.43, resulting in a short-term gain for him. His purchase, along with similar actions by other committee members, has raised concerns about potential conflicts of interest in the cryptocurrency legislation under review.

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