Texas Congressman Late to Report Large Bitcoin Purchases
Date: 2025-06-04 Author: Oliver Abernathy Categories: IN WORLD
Brandon Gill, a US politician representing Texas in Congress, has come under scrutiny after he belatedly reported significant investments in Bitcoin. According to the declarations he filed, he purchased the cryptocurrency twice — on January 29 and February 27, 2025 — for amounts ranging from $100,001 to $250,000. However, the reports on these transactions were not submitted until after the required 45-day period established by the Stop Trading on Congressional Information (STOCK) Act.
This regulation was passed to combat insider trading among legislators and to minimize potential financial conflicts of interest. Violating its provisions can result in a fine - but it is only $200, which many, including the analytical platform Quiver Quantitative, consider insufficient. The company's representatives noted that since the beginning of monitoring asset trading by Congress, they have recorded thousands of such violations.
Notably, Gill's first purchase of bitcoins coincided with the signing of President Donald Trump's executive order on the development of the cryptocurrency industry, and the second occurred shortly before the head of state announced the creation of a strategic reserve of bitcoins. At that time, the cost of one BTC was approximately $102,000 and $85,000, respectively.
Later, in May, Gill made two more transactions with bitcoin: one of them for up to $250,000, the other - up to $100,000. These transactions were declared on time, without violating the deadlines.
Brandon Gill, 31, is known for his supportive stance on digital assets. He actively promotes the idea that cryptocurrency can serve as a modern analogue of cash - allowing direct transfers without the involvement of intermediaries. He has written about this on his page on the social network X.
Support for digital currencies among US politicians is growing. Most recently, the vice president of JD Vance also spoke in their favor, noting that cryptocurrencies can protect the population from inflation and give citizens more control over their personal finances.
