Tyler Gellasch, a former U.S. Securities and Exchange Commission lawyer who heads the Healthy Markets Association, an organization in Washington, D.C. that advocates for strong securities regulation, said legislators' low holdings might be an aversion to the lack of safeguards surrounding the assets.

It hit a record high above $109,000 on Monday as Trump took to the White House for the second time. The popular altcoin XRP, used to facilitate transactions on Ripple’s payment platform, is up 1% to $3.