Don't Just Read the News, Understand It.
Published loading...Updated

Rising Texas GOP Star Failed to Report $500K in Bitcoin Trades on Time

  • Texas Representative Brandon Gill violated the STOCK Act in 2025 by failing to report six Bitcoin transactions totaling up to $850,000 within the 45-day deadline.
  • Gill's late disclosures, mostly from January and February, occurred despite the law's 2012 enactment to curb insider trading, and some May purchases were timely reported.
  • Gill, a pro-crypto MAGA supporter, has introduced a bill to expand the STOCK Act to require timely reporting of digital asset trades including Bitcoin and Ethereum.
  • The bill aims to increase transparency by mandating that all members disclose crypto holdings within 45 days, signaling growing acceptance of cryptocurrencies in financial regulation.
  • Despite violations like Gill's, penalties remain minor, typically $200 fines often waived, highlighting enforcement challenges amid rising crypto investment by lawmakers.
Insights by Ground AI
Does this summary seem wrong?

14 Articles

All
Left
1
Center
1
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Finbold broke the news in on Monday, June 2, 2025.
Sources are mostly out of (0)