U.S. House Republican freshman representative Brandon Gill has become embroiled in controversy over potential federal law violations by reporting his BTC purchase details after the deadline. Particularly, the fact that Gill is the lawmaker who proposed a bill to place Trump's face on the $100 bill has drawn attention both inside and outside political circles.
Representative Gill reportedly purchased BTC twice, on January 29th and February 27th, with transaction amounts ranging from $101,000 to $250,000 (approximately 138 million to 342 million won). These transactions, totaling up to $500,000 (about 684 million won), should have been reported within 45 days under the 'Congressional Stock Act' disclosure requirements for public officials' asset transactions, but Gill was confirmed to have reported late by several weeks.
This law was designed to prevent lawmakers from pursuing private interests using insider information and to prevent conflicts of interest. Despite this, cases of reporting violations have continued to occur and are receiving increased attention alongside the recent growth in cryptocurrency assets.
The timing of the transactions raises further suspicion. Immediately after Gill's January purchase, Trump signed an executive order to strengthen U.S. digital asset leadership, and his February purchase was just before Trump announced a 'strategic Bitcoin reserve' plan. Consequently, Gill's transaction timing precisely coincided with political events that significantly impacted the cryptocurrency industry, raising potential insider trading suspicions.
Regarding this controversy, Gill's side has not yet issued an official explanation. Experts emphasized the need for a detailed investigation, stating that "if legal standards for public officials' asset transactions are not strictly applied, the system's purpose could be neutralized".
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