Representative Brandon Gill, a member of the House Committee on Oversight and Government Reform, has disclosed significant Bitcoin (BTC) purchases while failing to comply with legal reporting requirements under the STOCK Act.
According to the Congress trade filings, Gill purchased up to $850,000 worth of Bitcoin across six transactions, reported on May 30, 2025.
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The trades occurred on January 29, February 27, May 13, and May 18, with the earliest made more than 120 days before being reported, well past the 45-day deadline mandated by law.
The STOCK Act requires lawmakers to disclose transactions over $1,000 within 45 days. Violations can lead to ethics investigations and fines, though penalties are often minor, typically $200, and frequently waived by ethics officials.
Violating the Stock Act
Gill is among a growing list of lawmakers who have violated the STOCK Act. In many cases, members of Congress have blamed delays on ignorance, clerical mistakes, or errors by accountants. Interestingly, such violations only attract standard fines of just $200.
In addition to Bitcoin, Gill reported trades in the Invesco S&P 500 Equal Weight ETF (RSP) and Treasury-only government securities (TOIXX), both filed on the same day.
Gill’s sizable exposure to digital assets comes as the U.S. moves toward clearer cryptocurrency regulation following President Donald Trump’s return to office.
Notably, Gill’s purchases coincided with Bitcoin trading above $100,000; the asset is priced at $104,141, down 0.5% on the day and 3% over the past week.
Meanwhile, some lawmakers appear to be exiting crypto positions amid a market cooldown. For example, as reported by Finbold, Representative Guy Reschenthaler disclosed a Solana (SOL) sale on May 12, when it was trading at around $170.
Featured image via Shutterstock
