Key Takeaways:
- Mike Collins disclosed a SKI token investment worth $1,001–$15,000 in his January 1 financial report.
- SKI token surged from under $0.01 to $0.35 after the U.S. election, reflecting rising market interest.
- Collins joins lawmakers like Ted Cruz and Cynthia Lummis in reporting cryptocurrency holdings per the STOCK Act.
YEREVAN (CoinChapter.com) — Georgia Representative Mike Collins started 2025 by disclosing a cryptocurrency investment in the Ski Mask Dog (SKI) token. A financial disclosure report filed on January 1 revealed that Collins purchased between $1,001 and $15,000 worth of SKI tokens. These transactions occurred between December 1 and Dec․ 3, during a surge in cryptocurrency prices.
The SKI token, launched in May 2024, gained market traction after trading below $0.01 for months. Following the U.S. election on November 5, its value climbed, peaking at over $0.35 by December 5. At the time of the disclosure, the token’s price had settled around $0.25. Collins’ report complies with the STOCK Act, which requires lawmakers to disclose purchases of stocks and cryptocurrencies.
Broadening Crypto Portfolio
The January filing adds to previous disclosures revealing Collins’ diverse cryptocurrency portfolio. He has reported investments in Ether (ETH), Velodrome (VELO), Aerodrome Finance (AERO), and The Graph (GRT) during his time in office. These assets reflect his continued interest in the cryptocurrency market.
Collins, representing Georgia’s 10th congressional district, secured reelection in November by defeating Democratic candidate Lexy Doherty with over 63% of the vote. While it is unclear if his investments are linked to his political activities, they occurred during a period of significant market activity.
Ski Mask Dog Token Price Surge
The SKI token launched in mid-2024 with little initial market movement, remaining under $0.01 until November. Following the U.S. election, its value surged, reaching an all-time high in early December. Collins’ transactions, recorded in his financial disclosure, were made during this upward trend.
The token’s recent performance reflects broader interest in altcoins. SKI’s market activity underscores the dynamic nature of cryptocurrency investments among public figures like Collins.
Congressional Focus on Crypto Transparency
Mike Collins is among several lawmakers who have disclosed cryptocurrency investments. Other prominent figures, including Senators Ted Cruz and Cynthia Lummis, have also reported holdings in digital assets.
Despite Collins’ crypto disclosures, digital assets do not appear to be a central focus of his legislative agenda. However, he has supported measures like the Financial Innovation and Technology for the 21st Century Act, which aims to address cryptocurrency regulations.
Some members of Congress have criticized the current financial disclosure policies, arguing for stricter rules to prevent conflicts of interest. In July, a bipartisan group of senators proposed changes to the STOCK Act to restrict stock and crypto trading by lawmakers. Whether these efforts will gain traction during the new congressional session remains unclear.
