House Oversight and Government Reform Committee member Brandon Gill has revealed significant Bitcoin (BTC) purchases that were made without complying with the Securities Act’s reporting requirements.
According to congressional trading documents, Gill purchased up to $850,000 worth of bitcoin in six transactions reported on May 30, 2025.
The purchases were made on January 29, February 27, May 13 and May 18, with the earliest being made 120 days before the disclosure, well beyond the 45-day period required by law.
The stock law requires lawmakers to disclose transactions over $1000 within 45 days. Violations can lead to investigations and fines, though the fines themselves are small, typically $200, and are often waived by ethics officials.
In addition to Bitcoin, Gill reported deals with ETF Invesco S&P 500 Equal Weight (RSP) and Treasury-only securities (TOIXX), both filed on the same day.
Meanwhile, some lawmakers are closing their cryptocurrency positions amid the cooling market, with Guy Reschenthaler revealing a sale Solana (SOL) May 12, when token was trading at around $170.
