Congressman Gill Faces Criticism for Delayed Bitcoin Disclosure

Congressman Brandon Gill (R-TX) is facing criticism for allegedly failing to properly disclose Bitcoin purchases totaling up to $500,000. According to a report, Gill made two separate Bitcoin purchases between $100,001 and $250,000 on January 29 and February 27. The report alleges that Gill did not disclose these transactions until after the 45-day disclosure deadline required by the Stop Trading on Congressional Knowledge Act (STOCK), as indicated by a periodic transaction report signed by Gill on May 30.

The STOCK Act, signed into law in 2012, aims to prevent members of Congress from engaging in insider trading. Gill's first Bitcoin purchase this year occurred less than a week after U.S. President Donald Trump issued an executive order establishing a working group on cryptocurrency. The goal of this working group is to provide regulatory clarity for digital financial technology. On March 6, Trump announced the creation of a Strategic Bitcoin Reserve and a digital asset stockpile, aiming to position the United States as a leader in government digital asset strategy.

Gill has been a vocal supporter of Trump, most recently introducing the Golden Age Act of 2025, which proposes placing Trump's face on the $100 bill. In a March 2025 statement, Gill praised Trump's efforts, stating that "There has been no one who has done more to bring America into the golden age than President Trump." Gill's actions and statements highlight his alignment with Trump's policies and initiatives, including those related to cryptocurrency and digital assets.

This incident raises questions about the transparency and accountability of congressional members in disclosing financial transactions, particularly those involving cryptocurrencies. The delayed disclosure of Gill's Bitcoin purchases underscores the importance of adhering to regulatory requirements and the potential consequences of non-compliance. As the use of cryptocurrencies continues to grow, it is crucial for public officials to maintain high standards of ethical conduct and disclosure to ensure public trust and confidence in the political system.