Overview

• Rep. Gill filed disclosures for January 29 and February 27 Bitcoin purchases weeks after the 45-day deadline required by the STOCK Act.
• The trades, each valued between $100,001 and $250,000, total nearly half a million dollars in Bitcoin acquisitions.
• Violators of the STOCK Act face a $200 fine, a penalty that congressional ethics committees often waive.
• Gill has championed crypto-friendly legislation and accepted over $60,000 in campaign contributions from securities and finance industry donors.
• In response to this and similar cases, Democrats have introduced bills to bar elected officials from owning or launching cryptocurrency projects while in office.