Brandon Gill Misses Deadline on $500,000 BTC Disclosures

Crypto News Regulation

Brandon Gill Misses Deadline on $500,000 Bitcoin Disclosures

Written by Aaron S.,

Editor-In-Chief

Last Updated: June 03, 2025

Key Takeaways

Texas Rep. Brandon Gill reported two large Bitcoin trades late, missing the 45-day STOCK Act deadline;
The timing of Gill’s crypto buys raised concerns, which closely align with Trump’s pro-Bitcoin actions;
Critics argue the $200 fine for late disclosures is too weak to hold lawmakers like Gill accountable.

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Brandon Gill Misses Deadline on $500,000 Bitcoin Disclosures

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Brandon Gill, a new member of Congress from Texas, is under criticism for not reporting two Bitcoin BTC $87,620.99 purchases on time, as required by federal law.

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.