Republican Congressman Brandon Gill has significantly increased his cryptocurrency holdings, purchasing up to $300,000 in Bitcoin and BlackRock’s Bitcoin ETF. The Texas lawmaker, a vocal supporter of White House crypto policies, now holds up to $2.6 million in Bitcoin since taking office in January, though his investment activity includes late disclosures that violated congressional ethics rules.
about Rep. Gill Buys $300K in Bitcoin, ETF Amid Crypto SupportOpenSecrets
0 in Finance and 0 in Crypto last weekGill’s Late Bitcoin Disclosures Raise Transparency Concerns
Republican Congressman Brandon Gill filed two Bitcoin disclosures weeks after the legal deadline, violating the STOCK Act, which mandates timely reporting of lawmakers’ securities transactions. Gill reported purchases between $100,001 and $250,000 in Bitcoin on January 29 and February 27 but only disclosed them months later. The STOCK Act, designed to prevent insider trading, carries a minimal $200 fine, often waived. Gill, a vocal crypto advocate, made the trades amid Trump-aligned pushes for deregulation. His delayed filings fuel concerns about conflicts of interest, as lawmakers increasingly invest in crypto while supporting industry-friendly policies. Democrats have proposed bills to restrict officials’ crypto holdings, but these lack GOP support.
about Gill's Late Bitcoin Disclosures Raise Transparency ConcernsElliott Management Warns of Risks from Trump’s Support for Crypto Assets
Elliott Management, a $70 billion hedge fund, warns that President Trump’s support for digital assets could lead to significant market disruptions. The firm criticizes crypto as lacking substance and likens its investors to sports bettors, expressing concern over the potential marginalization of the dollar. Despite previously supporting Trump, Elliott questions the government’s encouragement of alternatives to the U.S. currency amid global efforts to reduce reliance on it.
about Elliott Management Warns of Risks from Trump's Support for Crypto Assets