Does the lawmaker leading the charge on IBIT count as front-running insider information?

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MeNews
U.S. Representative Sheri Biggs discloses purchase of BlackRock Bitcoin Spot ETF IBIT
ME News reports that U.S. Republican Congresswoman Sheri Biggs disclosed her purchase of BlackRock Bitcoin Spot ETF IBIT on March 4, with a declared maximum value of $250k. She had previously reported the same IBIT purchase in July 2025. The report also states that Biggs is categorized by Stand With Crypto Alliance as a strongly pro-cryptocurrency legislator and has supported multiple bills in the House, including the CLARITY Act and the GENIUS Act.
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