Bloomberg uses 2iQ data to explore Lawmaker Crypto Trades
The last several months have been busy for our analysts, with a growing number of journalists utilizing 2iQ’s dataset to analyze US politician and lawmaker investments.
April 2022 was certainly the month of crypto, as Bloomberg, Fortune, and PYMNTS all embarked on deep dives in this segment of financial trading.
Leading the news agenda was Bloomberg’s Akayla Gardner who, through the power of 2iQ’s data, explored how 21 members of Congress have, and in some cases, their families, traded crypto-related assets. Investments included Grayscale funds and Coinbase.
Gardner’s report mentions more than $1.8 million worth of investments since 2021 before then discussing the ethics and politics of lawmakers using the information they are privy to to generate investment returns. This same report was syndicated at Fortune as well as on Government Technology, a publication dedicated to federal technology news.
Independent financial and payments technology website PYMNTS chose to cover the same story, again citing 2iQ’s data within its own reporting. As that article explained:
“Researchers reported that 21 senators and representatives on Capitol Hill, or their immediate family, traded cryptocurrencies, crypto-investment products and stocks in crypto-related businesses. Of that group, seven members serve on committees in the Senate or House that hold regulators accountable.”
These reports follow other extensive reports from global commentators and the world’s most respected media that includes MarketWatch, CNBC and specialist publications such as The Street and Benzinga.
This media coverage activity has been continuous since 2iQ released a significant update to CapitolTrades.com, its free platform offering anyone access to real-time US politician trading data.
As the CapitolTrades.com announcement detailed in February 2022, enhancements included new dashboards, improved trading pages, new issuers lists, better politician searchability, state-level insight and committee knowledge.
Ahmed Asaad, Head of Research at 2iQ Research said at the time, “Seeing so many world-leading news outlets and respected financial publications use our data to report on what politician trading is a proud moment for everyone at 2iQ. This validation encourages everyone at our company to continue advancing our mission forward.”
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