Newly filed financial disclosures are raising questions after U.S. Sen. David McCormick reported a series of large Bitcoin (BTC)-related investments.
The Congressional deal was executed within a narrow window of late November 2025, drawing scrutiny over timing and potential conflicts of interest.
According to the disclosure, Mr. McCormick purchased up to $200,000 in stock in the Bitwise Bitcoin ETF (BITB) in multiple transactions.
The two largest transactions, worth between $50,010 and $100,000 each, were executed on November 26th and November 28th, but were not made public until December 26th.
Additional purchases included a $15,001 to $50,000 transaction on Nov. 25 and an additional purchase of $50,01 to $100,000 on Nov. 24, both of which were filed on Nov. 27.
The performance data shows mixed results, with the November 25th session recording an increase of approximately 2.29%, while the November 24th session showed a loss of approximately 0.72%.
In particular, McCormick’s role on the Senate Banking, Housing, and Urban Affairs Committee and the Digital Assets Subcommittee, which influence cryptocurrency regulation, has increased scrutiny.
For this reason, Bitcoin ETFs are highly sensitive to regulatory signals, and such trades by policymakers are controversial.
McCormick’s other businesses
Meanwhile, the same Dec. 26 filing also disclosed large municipal bond purchases earlier in the month, including up to $250,000 in Ohio State University general fund bonds on Dec. 17, up to $500,000 in Delaware County, Pennsylvania general obligation bonds, up to $250,000 in Pennsylvania general obligation bonds on Dec. 15, and up to $500,000 in Pennsylvania Turnpike City general obligation bonds. As of December 10th, all securities have coupon rates close to 5%.
Overall, the filings show a period of high-volume investments in both volatile digital assets and conservative municipal bonds, disclosed just after Christmas.
In particular, there is no public evidence of violation of the law and such transactions are permitted under current law.
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