In new reporting from American Journal News, GOP U.S. Senate candidate Mike Collins’ record of trading cryptocurrency while serving in the House of Representatives is facing fresh scrutiny as he tries to deceive Georgians about his potential corruption while asking for a promotion to the Senate.
The report outlines how Collins lied to a Georgian who asked about his crypto trading, when he tried to minimize his trades by making the false claim that his crypto trades were “immune from insider trading.”
Collins’ latest attempts to downplay his crypto corruption comes after he was already exposed for violating the federal STOCK Act – which is a crime for lawmakers – by failing to disclose up to $30,000 in cryptocurrency trades before the mandatory deadline.
American Journal News: Mike Collins backed stock trading ban while betting big on crypto
By: Jesse Valentine | July 7, 2026
KEY EXCERPTS:
- Georgia Rep. Mike Collins endorsed a ban on congressional stock trading while he was actively buying and selling cryptocurrency.
- When a voter confronted Collins about this during an April meet-and-greet, he tried to claim that his activities were not corrupt because cryptocurrencies were immune from insider trading.
- Collins’ characterization is not accurate.
- Because cryptocurrencies are not securities, these cases are often prosecuted as wire or commodities fraud, as opposed to traditional insider trading. […]
- Many of the proposed bans on congressional stock trading […] would apply to cryptocurrencies as well.
- Last month, Collins secured the Republican nomination for U.S. Senate in Georgia. His primary opponent, former football coach Derek Dooley, repeatedly attacked him over his cryptocurrency holdings.
- “Collins treats Congress like his own crypto casino,” Dooley’s campaign wrote on X. “Georgians deserve leaders focused on service, not self-enrichment.” […]
- At the same time, President Donald Trump has come under fire for raking in $1.4 billion from his family’s cryptocurrency business. Trump has endorsed Collins’ campaign.