Brandon Gill, a new member of Congress from Texas, is under criticism for not reporting two Bitcoin
The trades, each worth between $100,001 and $250,000, were made on January 29 and February 27 but were only reported weeks after the legal deadline.
The law in question, the STOCK Act, requires lawmakers to disclose their personal trades within 45 days. It was created to help prevent conflicts of interest and ensure public trust. Missing that deadline usually results in a $200 fine.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Bridge? (Explained with Animations)
The timing of Gill’s trades raised questions. His January Bitcoin buy happened after President Donald Trump signed an executive order supporting digital assets. The second one came just before President Trump announced a national Bitcoin reserve.
Gill’s filings also included two more Bitcoin purchases in May, one up to $250,000 and another up to $100,000. He also listed investments in an S&P 500 exchange-traded fund (ETF) and a money market fund.
A research firm called Quiver Quantitative, which tracks what members of Congress are buying and selling, said in a June 2 post on X that the $200 penalty is too low to be taken seriously.
Gill holds seats on three House committees, including Oversight and Government Reform, Budget, and Judiciary.
Meanwhile, Elon Musk announced on May 29 that he had left the Department of Government Efficiency (DOGE), a White House initiative aimed at reducing federal spending and jobs. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
