Collins' Crypto Trades Raise Insider Trading Concerns Amid Senate Bid

Georgia Rep. Mike Collins made up to $745,000 in crypto transactions since entering office in 2023, increasing his net worth by an estimated $2.5 million.

Collins, a Republican candidate for the U.S. Senate, purchased Ether on April 30, 2025, at $1,794. The next day, the GENIUS Act was introduced in the Senate, and Ether's value ballooned to $2,584.

The law created federal rules for stablecoins, a type of cryptocurrency that would likely impact Ether's value.