Texas Rep. Brandon Gill’s $500K Bitcoin buys spark STOCK Act scrutiny
Texas Republican Representative Brandon Gill filed late disclosures for Bitcoin purchases totaling up to $500,000, potentially violating the STOCK Act. He reported two trades valued between $100,001 and $250,000 on January 29 and February 27, both disclosed after the 45-day deadline. The January purchase followed an executive order from Trump promoting digital assets, while the February buy preceded Trump's announcement of a strategic Bitcoin reserve. Gill also disclosed two additional Bitcoin purchases from May, filed on time, and reported holdings in the Invesco S&P 500 Equal Weight ETF and TOIXX money market fund. The penalty for late filings is typically $200. Gill, a vocal crypto supporter and member of the Committee on Oversight and Government Reform, has ties to Trump’s inner circle through family connections. A bipartisan effort to ban Congress members from trading individual stocks and cryptocurrencies is gaining traction.
