Texas Republican Brandon Gill is under scrutiny after filing late disclosures for Bitcoin purchases totaling up to $500,000, potentially violating federal law.
Late Bitcoin Disclosures
Gill, a House member known for his bill proposing President Donald Trump’s face on the $100 bill, reported two Bitcoin purchases, each valued between $100,001 and $250,000, made on January 29 and February 27. However, both trades were disclosed weeks past the 45-day deadline required by the Stop Trading on Congressional Knowledge (STOCK) Act.
Additional Purchases and Other Assets
In his disclosure, Gill also revealed two additional Bitcoin purchases from May, valued at up to $250,000 and another for up to $100,000, both filed on time. Beyond crypto, Gill disclosed positions in the Invesco S&P 500 Equal Weight ETF and holdings in the TOIXX money market fund, all filed on time.
Gill's Ties to Trump
Gill's connections to Trump’s inner circle are significant. He is the son-in-law of conservative filmmaker Dinesh D’Souza, who was pardoned by Trump in 2018 after a campaign finance conviction. Gill has been a vocal supporter of cryptocurrency, stating it plays a vital role in today’s monetary system.
The situation involving Brandon Gill highlights important questions about adherence to laws governing the trading activities of Congress members and raises discussions on the need for stricter oversight.
