US Congressman Adopts Pudgy Penguin NFT in Bold Crypto Endorsement

yesterday / 09:21

US Congressman William Timmons, a Republican from South Carolina and a member of the House Financial Services Committee, has made headlines by changing his X profile picture to a character from the Pudgy Penguin NFT collection. This move followed a viral social media promise where Timmons stated, "If it gets 10,000 likes, I'll make it my profile picture." The post exceeded expectations, garnering over 20,000 likes within just three hours, far surpassing the 10,000-like threshold.

Timmons is no stranger to cryptocurrency advocacy; he was the first US Congressman to display an Ethereum wallet address in his Twitter bio and has previously supported revising the '21st Century Financial Innovation and Technology Act'. His latest action underscores a growing trend of political figures embracing digital assets. In response, the Pudgy Penguin token PENGU saw a 2.3% price increase in the last 24 hours, trading at around $0.012, reflecting immediate market reaction to the high-profile endorsement.

This event signals potential shifts in regulatory attitudes and mainstream acceptance, as Timmons' role on a key financial committee could influence future cryptocurrency legislation.