Texas Representative Brandon Gill failed to meet the legal deadline for disclosing his Bitcoin purchases, buying between 100,001 and 250,000 USD worth of Bitcoin on January 29 and February 27. He only reported these trades recently, despite the 45-day disclosure requirement set by the STOCK Act.
Though the STOCK Act aims to prevent insider trading with only a nominal penalty of 200 USD for violations, concerns regarding Gill’s commitment to transparency and his potential conflicts of interest remain significant, especially given his active support for deregulation in the crypto industry.
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