Benzinga financial analysts pointed out that U.S. Congressman Mike Collins made a large purchase before ETH reached a new high, and as Ethereum (ETH) hits an all-time high in 2025, the investment behaviors of several U.S. Congress members in crypto assets are also attracting attention. Republican Congressman Mike Collins from Georgia is one of the few politicians who has repeatedly increased the position in Ethereum and reported the transactions just before the peak, demonstrating his strong belief in ETH. However, it has also raised analysts' curiosity about Congress members' high engagement in the crypto market, purely market observation, not any investment advice.
Who is Mike Collins?
Mike Collins is a Republican Congressman from Georgia's 10th District, who entered Congress in 2023 and quickly became an active member focused on economic, energy, and fintech policies. He has a background in business management and has long supported tax cuts and deregulation policies, maintaining a friendly attitude towards innovative industries, particularly blockchain and cryptocurrency.
Bought ETH four times, the potential returns are amazing.
According to data released by Benzinga, Mike Collins purchased Ethereum on January 3, May 1, July 8, and August 7 in 2025, with each reported purchase amount ranging between $1,000 and $15,000. Notably, when he bought on August 7, it was only two weeks before ETH set a historical high of $4,953 on the 24th, demonstrating a strong ability to time his purchases.
Not just ETH, Collins invests in the meme coin Ski Mask Dog Coin.
In addition to mainstream cryptocurrencies, Mike Collins is also actively allocating meme coins. In December 2024, he purchased Ski Mask Dog Coin (SKI USD) twice, with each purchase amounting to between $1,000 and $15,000, and he plans to make up to eight additional purchases in 2025.
Interestingly, this cryptocurrency reached an all-time high of $0.3639 in December 2024 shortly after Collins first purchased it, but as of now the price has fallen back to $0.05153, showing a significant decline.
The controversy of congressional members investing in crypto assets
Although Congress is currently pushing for a bill to limit lawmakers from investing in stocks, options, and ETFs, it does not cover cryptocurrencies. Therefore, actions like Collins directly purchasing crypto assets or meme coins are currently not illegal.
According to a survey by Benzinga, 48% of respondents oppose congressional members investing in the crypto market, while 30% support investment but require disclosure, 15% support investing only through ETFs, and only 8% believe there is no need for disclosure.
ETH Price Overview
Current price as of the deadline: $4,470.20
52-week range: $1,386.80 – $4,953.73
All-time high: $4,953.73 (August 24, 2025)
Collins is one of the few members of Congress who has publicly disclosed multiple cryptocurrency transactions. His timing and rewards for these operations provide a new perspective on whether Congress should impose restrictions on crypto investments. With ETH continuing to rise and the resurgence of Meme coins, Collins' investment behavior is bound to become a bellwether for the direction of regulatory policies.
This article from Benzinga Research: A certain U.S. congressman predicted the surge, having just significantly increased the position before the ETH skyrocketed. First appeared in Chain News ABMedia.
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Benzinga Research: A certain U.S. Congressman had a premonition, just before the ETH pump, he significantly increased the position.
Benzinga financial analysts pointed out that U.S. Congressman Mike Collins made a large purchase before ETH reached a new high, and as Ethereum (ETH) hits an all-time high in 2025, the investment behaviors of several U.S. Congress members in crypto assets are also attracting attention. Republican Congressman Mike Collins from Georgia is one of the few politicians who has repeatedly increased the position in Ethereum and reported the transactions just before the peak, demonstrating his strong belief in ETH. However, it has also raised analysts' curiosity about Congress members' high engagement in the crypto market, purely market observation, not any investment advice.
Who is Mike Collins?
Mike Collins is a Republican Congressman from Georgia's 10th District, who entered Congress in 2023 and quickly became an active member focused on economic, energy, and fintech policies. He has a background in business management and has long supported tax cuts and deregulation policies, maintaining a friendly attitude towards innovative industries, particularly blockchain and cryptocurrency.
Bought ETH four times, the potential returns are amazing.
According to data released by Benzinga, Mike Collins purchased Ethereum on January 3, May 1, July 8, and August 7 in 2025, with each reported purchase amount ranging between $1,000 and $15,000. Notably, when he bought on August 7, it was only two weeks before ETH set a historical high of $4,953 on the 24th, demonstrating a strong ability to time his purchases.
Not just ETH, Collins invests in the meme coin Ski Mask Dog Coin.
In addition to mainstream cryptocurrencies, Mike Collins is also actively allocating meme coins. In December 2024, he purchased Ski Mask Dog Coin (SKI USD) twice, with each purchase amounting to between $1,000 and $15,000, and he plans to make up to eight additional purchases in 2025.
Interestingly, this cryptocurrency reached an all-time high of $0.3639 in December 2024 shortly after Collins first purchased it, but as of now the price has fallen back to $0.05153, showing a significant decline.
The controversy of congressional members investing in crypto assets
Although Congress is currently pushing for a bill to limit lawmakers from investing in stocks, options, and ETFs, it does not cover cryptocurrencies. Therefore, actions like Collins directly purchasing crypto assets or meme coins are currently not illegal.
According to a survey by Benzinga, 48% of respondents oppose congressional members investing in the crypto market, while 30% support investment but require disclosure, 15% support investing only through ETFs, and only 8% believe there is no need for disclosure.
ETH Price Overview
Current price as of the deadline: $4,470.20
52-week range: $1,386.80 – $4,953.73
All-time high: $4,953.73 (August 24, 2025)
Collins is one of the few members of Congress who has publicly disclosed multiple cryptocurrency transactions. His timing and rewards for these operations provide a new perspective on whether Congress should impose restrictions on crypto investments. With ETH continuing to rise and the resurgence of Meme coins, Collins' investment behavior is bound to become a bellwether for the direction of regulatory policies.
This article from Benzinga Research: A certain U.S. congressman predicted the surge, having just significantly increased the position before the ETH skyrocketed. First appeared in Chain News ABMedia.