Trump Congressional Ally Discloses Latest Six-Figure Bitcoin Purchase

Representative Brandon Gill (R-Texas) has made significant investments in Bitcoin this year, with disclosures revealing purchases totaling up to $2.6 million. His transactions included between $100,000 to $250,000 in Bitcoin on October 20 and an investment ranging from $15,001 to $50,000 in BlackRock's Bitcoin ETF shortly thereafter. Since his swearing-in, Gill has actively accumulated Bitcoin, aligning with favorable crypto policies supported by former President Donald Trump. In total, Gill is reported to have bought approximately $1.5 million in Bitcoin earlier this year, despite the cryptocurrency's recent decline from a peak of over $126,000. He acknowledges the volatility of Bitcoin, which was recently trading around $92,140. Gill's past transactions raise questions given his political ties and the regulatory scrutiny surrounding congressional members' financial activities, particularly under the STOCK Act designed to prevent insider trading. These developments underscore growing congressional interest in cryptocurrency as both an investment strategy and a policy focus.

Source 🔗