US lawmakers continue to make insider-like market moves as the STOCK Act await approval
The post US lawmakers continue to make insider-like market moves as the STOCK Act await approval appeared on BitcoinEthereumNews.com. While the STOCK Act slowly moves through the legislative process, US lawmakers continue to make market moves that look like the kind of insider trading the legislation was meant to prevent. The latest offender, Rep. Brandon Gill, a big fan of President Donald Trump, has reportedly violated a federal financial law by improperly disclosing about half a million dollars in Bitcoin purchases. According to a signed disclosure he submitted to the House of Representatives, Gill bought Bitcoin of between $100,001 and $250,000 on January 29 and February 27. However, he did not reveal both trades until weeks after a 45-day disclosure deadline mandated by the Stop Trading on Congressional Knowledge Act. BREAKING: We just found more STOCK Act violations. Representative Brandon Gill just filed purchases of up to $850K of Bitcoin. Some of the trades were made over 100 days ago. The reporting deadline is 45 days. Gill sits on the House Committee on Oversight and Government Reform pic.twitter.com/CI01ct2ozM — Quiver Quantitative (@QuiverQuant) June 2, 2025 Gill made Bitcoin purchases just before Trump’s crypto bills The STOCK Act was put in place to prevent insider trading and conflicts of interest among members of Congress. So when Gill made his January 29 Bitcoin purchase the week after Trump signed an executive order to “establish United States leadership in digital and financial technology,” it raised eyebrows. The lawmaker’s February 27 purchase also falls under similar circumstances, as it came a week before Trump announced the creation of a “strategic Bitcoin reserve and digital asset stockpile” to make the United States “a leader among nations in government digital asset strategy.” Gill has also disclosed making two additional Bitcoin purchases last month with the first happening on May 13 valued at between $100,001 and $250,000 and another on May 18 valued at between $50,001…
The post US lawmakers continue to make insider-like market moves as the STOCK Act await approval appeared on BitcoinEthereumNews.com.
While the STOCK Act slowly moves through the legislative process, US lawmakers continue to make market moves that look like the kind of insider trading the legislation was meant to prevent. The latest offender, Rep. Brandon Gill, a big fan of President Donald Trump, has reportedly violated a federal financial law by improperly disclosing about half a million dollars in Bitcoin purchases. According to a signed disclosure he submitted to the House of Representatives, Gill bought Bitcoin of between $100,001 and $250,000 on January 29 and February 27. However, he did not reveal both trades until weeks after a 45-day disclosure deadline mandated by the Stop Trading on Congressional Knowledge Act. BREAKING: We just found more STOCK Act violations. Representative Brandon Gill just filed purchases of up to $850K of Bitcoin. Some of the trades were made over 100 days ago. The reporting deadline is 45 days. Gill sits on the House Committee on Oversight and Government Reform pic.twitter.com/CI01ct2ozM — Quiver Quantitative (@QuiverQuant) June 2, 2025 Gill made Bitcoin purchases just before Trump’s crypto bills The STOCK Act was put in place to prevent insider trading and conflicts of interest among members of Congress. So when Gill made his January 29 Bitcoin purchase the week after Trump signed an executive order to “establish United States leadership in digital and financial technology,” it raised eyebrows. The lawmaker’s February 27 purchase also falls under similar circumstances, as it came a week before Trump announced the creation of a “strategic Bitcoin reserve and digital asset stockpile” to make the United States “a leader among nations in government digital asset strategy.” Gill has also disclosed making two additional Bitcoin purchases last month with the first happening on May 13 valued at between $100,001 and $250,000 and another on May 18 valued at between $50,001…
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