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Texas lawmakers raise questions about failing to disclose Bitcoin purchases within the prescribed deadline

Internet reports that OpenSecrets reported on Monday that Texas Rep. Brandon Gill (R-R) failed to properly disclose Bitcoin purchases of up to $500,000 within the 45-day deadline set by federal law, raising questions about transparency and conflict of interest issues for lawmakers investing in cryptocurrencies. Gill reported that he purchased $100,010 to $250,000 worth of bitcoins on January 29 and February 27, respectively, but did not disclose the transactions until Monday, well beyond the deadline required by the Congressional Information Trading Act (STOCK Act). Decrypt has contacted Gill's office for comments. The STOCK bill was passed in 2012 to curb insider trading and ensure accountability by requiring timely reporting of members of securities transactions, including transactions involving digital assets.

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