Texas lawmaker Brandon Gill is facing scrutiny for failing to report a $500,000 Bitcoin transaction on time

ChainCatcher news, according to Cointelegraph, U.S. Congressman Brandon Gill from Texas is facing scrutiny for delaying the disclosure of a $500,000 Bitcoin transaction. These transactions may have violated the 45-day disclosure requirement set by the Stop Trading on Congressional Knowledge Act (STOCK Act). Gill disclosed two Bitcoin transactions on January 29 and February 27, each valued between $100,000 and $250,000, but both were several weeks past the disclosure deadline.

It is noteworthy that the January transaction occurred shortly after Trump signed the digital assets executive order, while the February transaction took place on the eve of Trump's announcement of the "strategic Bitcoin reserve" plan. Gill also timely disclosed two Bitcoin transactions in May. According to the STOCK Act, delayed disclosures typically incur only a $200 fine. Gill currently serves as a member of the House Committee on Oversight and Government Reform, which is the main investigative body of the House of Representatives.