A newly filed financial disclosure has raised questions after U.S. Senator David McCormick reported a series of sizable Bitcoin (BTC)-linked investments.
The Congress trades were executed within a narrow window in late November 2025, drawing scrutiny over timing and potential conflicts of interest.
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The disclosure shows McCormick purchased shares of the Bitwise Bitcoin ETF (BITB) in multiple transactions totaling up to $200,000.
Two of the largest trades, each valued between $50,001 and $100,000, were executed on November 26 and November 28 but were not disclosed until December 26.
Additional purchases included a $15,001 to $50,000 trade on November 25 and another $50,001 to $100,000 purchase on November 24, both filed on November 27.
Performance data show mixed results, with the November 25 transaction posting a gain of approximately 2.29%, while the November 24 trade showed a loss of roughly 0.72%.
Notably, scrutiny is heightened by McCormick’s role on the Senate Committee on Banking, Housing, and Urban Affairs and the Subcommittee on Digital Assets, which influences cryptocurrency regulation.
To this end, Bitcoin ETFs are highly sensitive to regulatory signals, making such trades by policymakers contentious.
McCormick’s other trades
Meanwhile, the same December 26 filing also disclosed large municipal bond purchases earlier in the month, including up to $250,000 in Ohio State University general revenue bonds and up to $500,000 in Delaware County, Pennsylvania general obligation bonds on December 17, up to $250,000 in Pennsylvania state general obligation bonds on December 15, and up to $500,000 in Pennsylvania Turnpike municipal securities on December 10, all with coupon rates near 5%.
Overall, the filings show a concentrated period of high-value investing across both volatile digital assets and conservative municipal debt, disclosed just after Christmas.
Notably, there is no public evidence of any legal violation, and such trades are permitted under current law.
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