Lawmakers’ Tech and Crypto Holdings Top $270 Million as Regulatory Votes Loom (NVDA, BTC-USD)

U.S. lawmakers have concentrated over $270 million directly in top technology stocks, data from Unusual Whales shows, mirroring broader market trends as Congress prepares to regulate artificial intelligence and cryptocurrency. Nvidia (NVDA) stands as a bipartisan favorite with roughly $43 million across member accounts, while Apple (AAPL), Alphabet (GOOG), and Microsoft (MSFT) each count tens of millions in investments. The shift marks a departure from prior years, when tech holdings were smaller and largely limited to Democrats. Crypto exposure has expanded sharply, particularly among Republicans, with Bitcoin (BTC-USD) holdings growing enough to force a rebalancing of a GOP-focused ETF, its manager said. The CLARITY Act, establishing a digital asset regulatory framework, could see a vote this summer, while a new bipartisan AI bill was released last week. An ETF tracking Republican lawmakers’ portfolios returned 16.5% year-to-date through June 5, outpacing the S&P 500, while a Democratic version tracked the benchmark closely. Critics argue the overlap between legislating and investing underscores the need for a stock trading ban, though such proposals have stalled in Congress.