Senator Dave McCormick – former CEO of the world's second-largest hedge fund Bridgewater Associates – is becoming the center of attention as both a lawmaker and the most prominent Bitcoin investor in the U.S. Congress.
According to a newly released financial report, McCormick has continuously poured money into Bitwise's Bitcoin ETF, with total investment values ranging from 760,000 to nearly 1 million USD just in 2025. Earlier in February, he publicly disclosed an investment of 450,000 USD, and recently continued to add between 310,000 and 700,000 USD.
However, what has stirred public opinion is not only the scale of investment but also the sensitive position he holds. He is currently a member of the Senate Banking Subcommittee responsible for digital assets, which is the group of lawmakers directly involved in drafting and proposing legislation to regulate the crypto industry – one of the key policies expected to be passed by the U.S. Congress this year.
In other words, the person holding nearly 1 million USD in Bitcoin is also the one who will help shape the legal framework for the crypto market in the U.S. This coincidence immediately attracted significant attention from lawmakers, investors, and the digital asset community.
In the first hearing of the subcommittee in February, Senator McCormick asserted:
“This time, Congress must coordinate with the President to pass bipartisan digital asset legislation to lead innovation and protect a strong economic future for America.”
He emphasized that America cannot remain outside the blockchain technology race, but needs to proactively create a clear legal framework to lead, rather than lag behind and react passively.
Compared to McCormick, the number of U.S. lawmakers currently investing in Bitcoin is extremely rare. One of the few remaining is Representative Marjorie Taylor Greene (Georgia, Republican), who has invested in BlackRock's Bitcoin ETF (IBIT), but on a significantly smaller scale.
Despite heavily investing in Bitcoin, financial reports show that McCormick still maintains caution in his personal financial strategy. Most of his asset portfolio remains allocated to municipal bonds – a traditional asset class with high safety – to ensure diversification and long-term stability.
Senator McCormick's story reflects a new trend shaping up in the U.S.: lawmakers are starting to engage more deeply in the crypto space, not only in a regulatory role but also as investors. This could signal a new era where crypto is gradually recognized by major political power centers in the U.S., but it also raises sensitive questions about conflicts of interest and transparency in the legislative process.
With President Donald Trump currently showing a friendly stance towards crypto and promoting policies that support decentralized financial innovation, figures like Dave McCormick are expected to play a key role in shaping the future of the blockchain industry and digital assets in the U.S.
