Texas Legislator Faces Scrutiny for Failing to Disclose Bitcoin Purchase by Deadline

According to a report by OpenSecrets on Monday, Texas Representative Brandon Gill (Republican) failed to properly disclose a Bitcoin purchase of up to $500,000 within the 45-day period mandated by federal law, once again raising questions about transparency and conflicts of interest for lawmakers investing in cryptocurrency. Gill reported that he purchased Bitcoin valued between $100,001 and $250,000 on January 29 and February 27, but did not disclose these transactions until Monday, well past the deadline required by the Stop Trading on Congressional Knowledge Act (STOCK Act). Decrypt has reached out to Gill's office for comment. The STOCK Act, passed in 2012, aims to curb insider trading and ensure accountability by requiring timely reporting of lawmakers' securities transactions, including those involving digital assets.