American political figure executes puzzling Bitcoin transaction
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Bitcoin-Buying Congressman under Ethics Scrutiny
Rep Brandon Gill, a member of the House Committee on Oversight and Government Reform, finds himself in hot water due to his recent Bitcoin purchases without adhering to the STOCK Act's reporting requirements.
According to Congress trade filings, Gill splurged a chunky $850k on Bitcoin across six transactions, disclosed on May 30, 2025. But here's the twist: these transactions occurred back on January 29, February 27, May 13, and May 18 – way past the 45-day deadline mandated by law.
Now, the STOCK Act requires our esteemed lawmakers to spill the beans on transactions exceeding $1,000 within 45 days. Skipping this deadline could land these politicians in the soup of ethics investigations, but slap-on-the-wrist fines of around $200 are usually the norm, often forgiven by ethics bods.
Gill surely isn't alone. It seems like he's just one of a throng of lawmakers who've flouted the STOCK Act's rules, often pinning the blame on ignorance, clerical errors, or accountants' slip-ups.
Apart from Bitcoin, Gill also invested in the Invesco S&P 500 Equal Weight ETF (RSP) and Treasury-only government securities (TOIXX), both filed on the same day.
With the U.S. edging towards clearer cryptocurrency regulation under President Donald Trump, Gill's hefty digital asset exposure has the spotlight squarely on him. Notably, his Bitcoin purchases coincided with the asset's prior price of $100,000-plus.
Meanwhile, some lawmakers are ditching their crypto positions amid a market downturn. For instance, Representative Guy Reschenthaler dumped Solana (SOL) on May 12, when it was trading around $170, as reported by our site.
Featured image via Shutterstock
[1] Enrichment Data: These Bitcoin transactions were worth between $100,001 and $250,000 [3] Enrichment Data: Over 130 violations have occurred since 2021, including at least three this year [5] Enrichment Data: These transactions were made more than 120 days before being reported, well past the 45-day deadline mandated by law.
- The policy-and-legislation surrounding cryptocurrency such as Bitcoin is under scrutiny due to recent finance-related incidents involving politicians, with Representative Brandon Gill being one example under ethics investigation for not adhering to the reporting requirements of the STOCK Act.
- In the general-news sphere, political figures like Gill, who made substantial Bitcoin purchases without timely reporting, risk facing slap-on-the-wrist fines or ethics investigations, as cases of violations against the STOCK Act have been increasing, with over 130 violations since 2021.
- Additionally, in the realm of crime-and-justice, incidents of lawmakers flouting STOCK Act rules, often citing ignorance, clerical errors, or accountants' slip-ups, have raised questions about transparency and accountability in both the financial markets and the political sphere.
