Representative Guy Reschenthaler has disclosed a recent sale of Solana (SOL), according to a new congressional trade filing tracked and reviewed by Finbold.
The transaction, filed on May 20, shows that Reschenthaler sold between $1,001 and $15,000 worth of SOL on May 12, a day when Solana was trading at approximately $170.48.
Currently, SOL is trading at $177.99, meaning the lawmaker exited just ahead of a small upward move in the token’s price.
The filing is part of the routine public disclosures required under the STOCK Act, which mandates that members of Congress report financial trades within 45 days. In this case, the disclosure came eight days after the trade, well within the legal window, but notable given the ongoing debate around lawmakers trading cryptocurrencies and other volatile digital assets.
Why did Reschenthaler buy Solana?
Solana, which has gained renewed attention in 2025 for its role in hosting meme tokens like Official Trump (TRUMP) which surged up until May 22 in anticipation of Trump’s crypto dinner, continues to be one of the most actively traded layer-1 tokens on U.S. exchanges. The sale by Reschenthaler comes amid broader market momentum, with Solana up over 17% in the last month.
Notably, this isn’t the first time the Congressman has disclosed crypto activity. Earlier filings show trades involving Bitcoin (BTC) and XRP, indicating a pattern of exposure to high-profile digital assets.
As congressional crypto oversight tightens, trades like these remain under the spotlight, especially when they involve timely entries or exits from trending tokens like Solana.
