U.S. Representative Shri Thanedar belatedly reported purchasing MicroStrategy Inc. shares in 2024, filing the transaction more than 400 days after the legal 45-day deadline set by the Stop Trading on Congressional Knowledge (STOCK) Act. Because the software company’s stock has climbed about 193% since the undisclosed buy, the Democrat from Michigan faces heightened scrutiny, although the standard penalty for late disclosure is only about $200. Separately, Representative Brandon Gill, a Republican from Texas, disclosed buying as much as $100,000 of the iShares Bitcoin Trust on 17 July— the same day the House approved a major cryptocurrency regulatory package. Gill’s filing does not indicate whether the purchase occurred before or after the vote, a detail that could determine whether it raises ethics concerns. The two transactions add to mounting criticism that the STOCK Act’s modest fines and delayed reporting allow lawmakers to profit from market-moving information with limited consequences. Bipartisan proposals to tighten or even ban congressional stock trading remain stalled in both chambers.