Congressman or Crypto Trader? Mike Collins’ Winning Streak
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When most lawmakers test the waters of crypto, they usually play it safe: a little Bitcoin here, some Ethereum there. But Georgia Republican Mike Collins is taking a bolder path, and so far this year, it’s a path that’s been paying off.
Betting Big on Meme Culture: Ski Mask Dog ($SKI)
One of Collins’ most attention-grabbing moves has been his repeated buying of Ski Mask Dog ($SKI) - a meme coin that’s about as far from blue-chip as it gets. Between February and June, he disclosed more than a dozen trades, buying in at a price as low as $0.04.
It wasn’t just random gambling: Collins even sold a portion in early June at roughly $0.06, but the real kicker is where $SKI trades now - around $0.08. That is a gain of roughly 100%, showing that he managed to time his meme coin adventure surprisingly well.
Catching the Upswing: SUI & Ethereum
Collins didn’t just chase internet hype. In June, he picked up $SUI at about $3.25. Since then, SUI’s price has climbed to nearly $3.93, giving him a 20%+ paper profit in just over a month.
And while Ethereum is considered a safer bet by crypto standards, Collins’ timing here shows some classic trading instinct. After an earlier, higher buy, he averaged down in May when $ETH dipped to roughly $1,839. Today, with Ethereum trading close to $2,980, that trade alone is up around 60%.
Crypto, Committees and the Republican Context
It might sound surprising that a sitting Congressman is actively trading speculative tokens, but it actually lines up with broader party strategy. Collins isn’t on the House Financial Services Committee, which directly shapes crypto policy, but as a Republican, he’s part of a caucus that generally favors lighter-touch regulation and more freedom for crypto markets.
Moreover, these aren’t massive trades by dollar amount; each falls into the modest $1,000–$15,000 disclosure range. But what makes them interesting is that Collins isn’t content with Bitcoin or passive exposure. He’s making targeted bets on momentum, hype, and recovery - and, at least so far this year, it’s working.
By putting his own money into meme coins and mid-cap tokens, Collins isn’t just following the headlines; he is quietly signaling confidence in an industry his party wants to see thrive.
In a Congress still figuring out how to handle crypto, Collins’ portfolio is more than just a curiosity; it’s a snapshot of how deeply digital assets have already made their way into the halls of power.
