Louisiana Consultant Cleo Fields is at present dealing with scrutiny for a pair of notably well-timed inventory trades. In July, Fields purchased shares within the Bitcoin mining firm IREN. The inventory value has since surged massively.
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Lawmaker’s Well timed Bitcoin Mining Inventory Purchase
The persistent debate over whether or not Congressional representatives use their positions for insider buying and selling has resurfaced this week after Louisiana Consultant Cleo Fields’ funding portfolio noticed exponential development following a collection of well timed inventory purchases.
In response to knowledge from inventory knowledge agency Quiver Quantitative, Fields traded between $15,001 and $50,000 value of IREN inventory on July 10. Since then, IREN’s inventory value rose by practically 233%.
IREN’s inventory value rose practically 233% since July. Supply: Quiver Quantitative.
IREN is a Bitcoin mining firm that not too long ago aggressively expanded towards offering high-performance computing energy for synthetic intelligence.
The corporate has made a collection of bulletins which have considerably caught buyers’ consideration. In August, IREN introduced it had secured an Nvidia Most popular Accomplice Standing, granting it precedence entry to its newest, high-demand GPUs.
IREN has publicly dedicated to doubling its GPU capability to 23,000 items by early 2026. This aggressive growth goals to generate over $500 million in annual income. Along with its partnership with Nvidia, IREN has acquired a major provide of AMD GPUs.
Fields’ funding drew explicit consideration due to his place on the Home Committee on Monetary Providers. This committee oversees main monetary areas, together with banking, housing, insurance coverage, and securities regulation.
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Fields additionally serves on three subcommittees: Capital Markets, Monetary Establishments and Financial Coverage, and Oversight and Investigations.
Neither Fields nor the Home Committee on Monetary Providers instantly responded to BeInCrypto’s request for remark.
Whereas Fields’ acquisition of IREN could seem like both a stroke of luck or a deliberate technique, a few of his earlier investments have intensified public scrutiny over whether or not the Louisiana Consultant could also be making monetary selections based mostly on insider buying and selling.
Fields’ Sample of Nicely-Timed Investments
In September, Fields bought between $80,000 and $200,000 value of Oracle inventory over one week.
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The transfer raised eyebrows over the uncanny timing of those purchases. Fields made the primary two trades on September 17 and 18. A day later, Oracle introduced that it had been chosen to supervise TikTok’s algorithm for the US. By September 22, Oracle’s inventory had risen by 3%.
Fields is just not the one member of Congress whose inventory buying and selling actions have come underneath public assessment.
The Broader Congressional Buying and selling Drawback
Congressional members’ involvement in inventory buying and selling has lengthy been cited as a battle of curiosity, main many to face public criticism.
These areas of concern are usually twofold: allegations of potential insider buying and selling or breaches of the Cease Buying and selling on Congressional Information (STOCK) Act, a regulation centered totally on the well timed public disclosure of inventory transactions.
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Congress ought to ban members from buying and selling inventory whereas in workplace.
Individuals need to know that our elected officers are making selections for the general public’s finest curiosity, to not make themselves richer. pic.twitter.com/fTIMgjayJO
— Marketing campaign Authorized Middle (@CampaignLegal) September 20, 2025
Consultant Nancy Pelosi and her household have constantly drawn vital media scrutiny over potential conflicts of curiosity. This consideration stems significantly from the timing and enormous measurement of inventory transactions made by her partner, typically in know-how firms like Nvidia and Microsoft.
In Might, Consultant Marjorie Taylor Greene was accused of insider buying and selling associated to Apple, Nvidia, and Amazon inventory purchases she made earlier than President Donald Trump introduced a pause on tariffs.
The checklist continues. In response to mounting public discontent over elected officers’ inventory buying and selling, the Home superior a invoice final month that may ban members of Congress and their households from buying and selling or proudly owning particular person shares.
The Restore Belief in Congress Act merges a number of ethics proposals right into a single piece of laws. Underneath the invoice, newly elected lawmakers can be required to divest all possession in particular person shares, choices, futures, and commodities shortly after taking their oath of workplace.
Strict penalties for non-compliance embrace a wonderful amounting to 10% of the asset’s worth and the give up of any earnings generated from the funding.
