Rep. Brandon Gill faces scrutiny for disclosing $500K in Bitcoin transactions late, prompting concerns over timing and possible STOCK Act violations.
Representative Brandon Gill, a Republican from Texas, is under investigation for possibly breaking federal law by making late notifications about Bitcoin purchases totaling up to $500,000.
Brandon, a first-term member of the House who is well-known for his bill that would have put President Donald Trump’s face on the $100 bill, has disclosed two Bitcoin (BTC) purchases of $105,256 made on January 29 and February 27 that total between $100,001 and $250,000.
Both trades were made public weeks after the 45 days required by the Stop Trading on Congressional Knowledge (STOCK) Act—a law designed to prevent insider trading and financial conflicts among lawmakers.
Just after Gill’s late January acquisition, Trump signed an executive order elevating US leadership in digital assets. He purchased in late February before Trump declared a “strategic Bitcoin reserve.”
On those occasions, bitcoin prices were approximately $102,000 and $85,000, respectively. According to CoinMarketCap data, Bitcoin was trading above $105,000 at the time of writing.
Gill reveals other Bitcoin purchases.
Gill disclosed two more recent Bitcoin purchases, each submitted promptly and totaling up to $250,000 and $100,000, respectively.
In addition to cryptocurrency, Gill reported stakes in the TOIXX money market fund and positions in the Invesco S&P 500 Equal Weight ETF (RSP), all declared promptly.
Interestingly, late STOCK Act filings usually only result in a $200 punishment. Investment analysis firm Quiver Quantitative described the punishment as a “joke” in a post on X on June 2.
“Since we began writing codes to track congressional stock trading, we have observed thousands of STOCK Act violations,” Quiver Quantitative continued.
Gill is a member of the US House of Representatives’ primary investigative committee, the Committee on Oversight and Government Reform. He is also a member of the Judiciary and Budget committees in the House.
The 31-year-old politician has been an outspoken advocate for cryptocurrency. The modern monetary system relies heavily on cryptocurrency. He earlier wrote on X, “It provides peer-to-peer transactions without permission in the same format as cash transactions.”
Along with his Bitcoin activities, Gill supports laws encouraging government transparency, such as the “Putting Trust in Transparency Act,” which mandates that nonprofit contributors be made publicly available.
Gill is closely associated with Trump’s inner group.
Gill has close links to Trump’s inner circle. He is the son-in-law of Dinesh D’Souza, a conservative filmmaker who Trump cleared in 2018 after a conviction for campaign finance violations. Among Gill’s most prominent donors in 2024 were D’Souza Media employees.
Trump’s personal use of cryptocurrencies has also drawn increasing criticism, with some speculating that his endorsement of cryptocurrency initiatives may be motivated by personal financial benefit or conflict of interest.
This year, Gill becomes the latest politician to violate the STOCK Act. Several others, including Representatives Jamie Raskin, Dwight Evans, and Neal Dunn, have also filed late trade declarations.
A bipartisan effort is gaining momentum on Capitol Hill to forbid members of Congress and their families from participating in individual stock and cryptocurrency trading.
