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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.
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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.
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