Rep. Guy Reschenthaler Becomes First U.S. Lawmaker to Buy XRP, Investing Up to $15K as Price Increases 12%

Jan 15, 2025, 08:15 AM

Representative Guy Reschenthaler (R) has made history by becoming the first sitting U.S. lawmaker to disclose a purchase of Ripple's XRP cryptocurrency. The investment, which ranges between $1,000 and $15,000, was reported on January 14, 2025. This development has generated optimism within the Ripple community, particularly as XRP's price increased by 12% compared to the previous day following the announcement. Reschenthaler's investment also included Bitcoin (BTC) and Solana (SOL), both within the same monetary range.