U.S. Texas Congressman Brandon Gill is facing scrutiny for late delivery of $500,000 bitcoin transaction information

PANews reported on June 3 that according to Cointelegraph, Rep. Brandon Gill, Republican of Texas, faced scrutiny for delaying the disclosure of Bitcoin transactions worth $500,000. These transactions may violate the 45-day disclosure period set forth in the Cease and Use of Congressional Intellectual Transactions Act (STOCK Act).

Gill disclosed two bitcoin transactions, each worth between $100,000 and $250,000, on January 29 and February 27, but both were weeks past the disclosure deadline. Notably, the January transaction occurred shortly after Trump signed the digital asset executive order, and the February transaction came on the eve of Trump's announcement of the "Strategic Bitcoin Reserve" program. Gill also disclosed two bitcoin transactions in May on time. Under the STOCK Act, late disclosures are typically only fined $200. Gill currently serves as a member of the Oversight and Government Reform Committee, the House's principal investigative body.

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