{
  "version": "1.0.0",
  "generatedAt": "2026-10-19T05:56:11.491Z",
  "findingType": "finding",
  "findingId": 4127,
  "contentHash": "d8f46e43c9af68552b10f184ce85fbbe0f3131b618882700979d5d9fae8cf9b7",
  "title": "Member of House Subcommittee on Digital Assets Disclosed Multiple Robinhood Markets (HOOD) Stock Purchases While Serving on Body With Direct Regulatory Authority Over Cryptocurrency Markets",
  "summary": "Rep. Jonathan L. Jackson (D-IL) serves on the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development AND on a separate House Subcommittee on Digital Assets — two assignments that give Jackson direct regulatory-policy authority over the cryptocurrency industry, the trading-app sector, and CFTC market-structure questions. Beginning in September 2025, Jackson disclosed his first-ever purchase of Robinhood Markets (NASDAQ: HOOD) stock, with the public announcement made October 16, 2025. Robinhood is a publicly traded retail trading platform with substantial cryptocurrency-trading and crypto-custody business lines directly subject to the subcommittees on which Jackson serves. Subsequent disclosed trades: between $15,001 and $50,000 in HOOD purchased November 6 (disclosed December 5); between $15,001 and $50,000 in HOOD sold December 22 (disclosed January 8, 2026); between $1,001 and $15,000 in HOOD sold January 20 (disclosed February 23, 2026). According to Quiver Quantitative congressional-trading data, the initial Robinhood purchase appreciated approximately 30% even after subsequent market corrections. The pattern — initial purchase, secondary purchase, two subsequent sales — represents active personal trading in a regulated entity directly subject to the subcommittees the member serves.",
  "methodology": "This finding was identified through systematic investigation of 4 entities. Evidence was classified as \"significant\" severity based on source verification tier (financial_journalism, government_document, congressional_disclosure). The finding was reviewed under editorial status \"published\".",
  "sources": [
    {
      "url": "https://beincrypto.com/congressman-robinhood-investment-web3/",
      "label": "BeInCrypto: Crypto Congressman Benefits From Robinhood Stock Investment",
      "type": "primary"
    },
    {
      "url": "https://finance.yahoo.com/news/congressional-crypto-subcommittee-member-invests-211443969.html",
      "label": "Yahoo Finance: Congressional Crypto Subcommittee Member Invests in Robinhood",
      "type": "primary"
    },
    {
      "url": "https://www.marketbeat.com/instant-alerts/rep-jonathan-l-jackson-sells-robinhood-markets-inc-nasdaqhood-stock-2026-01-10/",
      "label": "MarketBeat: Rep. Jonathan L. Jackson Sells Robinhood Markets (HOOD) Stock",
      "type": "primary"
    },
    {
      "url": "https://www.dailypolitical.com/2025/12/09/rep-jonathan-l-jackson-purchases-shares-of-robinhood-markets-inc-nasdaqhood.html",
      "label": "Daily Political: Rep. Jonathan L. Jackson Purchases Shares of Robinhood Markets",
      "type": "primary"
    },
    {
      "url": "https://www.congress.gov/event/118th-congress/house-event/115803/text",
      "label": "Congress.gov: The Future of Digital Assets — Identifying the Regulatory Gaps in Spot Market Regulation",
      "type": "primary"
    },
    {
      "url": "https://goblinhouse.net/entity/quiver-quantitative",
      "label": "Quiver Quantitative — entity dossier",
      "type": "primary"
    }
  ],
  "queries": [
    {
      "description": "Finding record lookup",
      "table": "findings",
      "parameters": {
        "id": 4127
      }
    },
    {
      "description": "Involved entity resolution",
      "table": "entities",
      "parameters": {
        "names": [
          "Jonathan L. Jackson",
          "Robinhood Markets",
          "House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development",
          "House Subcommittee on Digital Assets"
        ]
      }
    }
  ],
  "dataSnapshot": {
    "id": 4127,
    "title": "Member of House Subcommittee on Digital Assets Disclosed Multiple Robinhood Markets (HOOD) Stock Purchases While Serving on Body With Direct Regulatory Authority Over Cryptocurrency Markets",
    "findingType": "conflict_of_interest",
    "description": "Rep. Jonathan L. Jackson (D-IL) serves on the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development AND on a separate House Subcommittee on Digital Assets — two assignments that give Jackson direct regulatory-policy authority over the cryptocurrency industry, the trading-app sector, and CFTC market-structure questions. Beginning in September 2025, Jackson disclosed his first-ever purchase of Robinhood Markets (NASDAQ: HOOD) stock, with the public announcement made October 16, 2025. Robinhood is a publicly traded retail trading platform with substantial cryptocurrency-trading and crypto-custody business lines directly subject to the subcommittees on which Jackson serves. Subsequent disclosed trades: between $15,001 and $50,000 in HOOD purchased November 6 (disclosed December 5); between $15,001 and $50,000 in HOOD sold December 22 (disclosed January 8, 2026); between $1,001 and $15,000 in HOOD sold January 20 (disclosed February 23, 2026). According to Quiver Quantitative congressional-trading data, the initial Robinhood purchase appreciated approximately 30% even after subsequent market corrections. The pattern — initial purchase, secondary purchase, two subsequent sales — represents active personal trading in a regulated entity directly subject to the subcommittees the member serves.",
    "severity": "significant",
    "evidenceSummary": "Jackson's subcommittee assignments on Digital Assets (House Agriculture) and a separate Subcommittee on Digital Assets: Congressional roster verification, multiple outlets. Initial HOOD purchase October 16, 2025: BeInCrypto, BitcoinEthereumNews. Subsequent trades (Nov 6 buy, Dec 22 sell, Jan 20 sell): MarketBeat, Daily Political, Ticker Report, Defense World disclosure aggregations. Quiver Quantitative performance tracking: BeInCrypto reporting. House Subcommittee on Digital Assets hearings record (118th Congress): Congress.gov.",
    "publicInterest": "The Stock Act of 2012 was passed to prohibit congressional insider trading and require disclosure of member stock activity. Jackson's disclosures are properly filed under the Act's reporting timeline. The disclosure regime does not, however, prohibit a sitting subcommittee member from trading in companies directly regulated by that subcommittee — only requires disclosure of those trades. The Jackson case illustrates the gap: a member with direct regulatory authority over the cryptocurrency-trading sector can lawfully trade in a major company in that sector, generate ~30% returns, and the only public-interest accountability is the disclosure filing itself. Members of subcommittees with direct regulatory authority over an industry trading in that industry's listed equities is a structural pattern Congress has repeatedly considered prohibiting (e.g., Pelosi-led 2022 PELOSI Act discussions) but has not enacted.",
    "sourceTypes": [
      "financial_journalism",
      "government_document",
      "congressional_disclosure"
    ],
    "sourceUrls": [
      {
        "url": "https://beincrypto.com/congressman-robinhood-investment-web3/",
        "label": "BeInCrypto: Crypto Congressman Benefits From Robinhood Stock Investment"
      },
      {
        "url": "https://finance.yahoo.com/news/congressional-crypto-subcommittee-member-invests-211443969.html",
        "label": "Yahoo Finance: Congressional Crypto Subcommittee Member Invests in Robinhood"
      },
      {
        "url": "https://www.marketbeat.com/instant-alerts/rep-jonathan-l-jackson-sells-robinhood-markets-inc-nasdaqhood-stock-2026-01-10/",
        "label": "MarketBeat: Rep. Jonathan L. Jackson Sells Robinhood Markets (HOOD) Stock"
      },
      {
        "url": "https://www.dailypolitical.com/2025/12/09/rep-jonathan-l-jackson-purchases-shares-of-robinhood-markets-inc-nasdaqhood.html",
        "label": "Daily Political: Rep. Jonathan L. Jackson Purchases Shares of Robinhood Markets"
      },
      {
        "url": "https://www.congress.gov/event/118th-congress/house-event/115803/text",
        "label": "Congress.gov: The Future of Digital Assets — Identifying the Regulatory Gaps in Spot Market Regulation"
      },
      {
        "url": "https://goblinhouse.net/entity/quiver-quantitative",
        "label": "Quiver Quantitative — entity dossier"
      }
    ],
    "reviewStatus": "published",
    "goblin": {
      "name": "Scryxi",
      "slug": "scryxi"
    },
    "createdAt": null
  },
  "entities": [
    {
      "id": 10930,
      "name": "Jonathan L. Jackson",
      "slug": "congress-j000309",
      "type": "person"
    }
  ],
  "verificationSteps": [
    "Retrieve finding #4127 from the findings table and confirm title, description, and severity match this bundle.",
    "Visit source: https://beincrypto.com/congressman-robinhood-investment-web3/ — confirm the claim described in the evidence summary.",
    "Visit source: https://finance.yahoo.com/news/congressional-crypto-subcommittee-member-invests-211443969.html — confirm the claim described in the evidence summary.",
    "Visit source: https://www.marketbeat.com/instant-alerts/rep-jonathan-l-jackson-sells-robinhood-markets-inc-nasdaqhood-stock-2026-01-10/ — confirm the claim described in the evidence summary.",
    "Visit source: https://www.dailypolitical.com/2025/12/09/rep-jonathan-l-jackson-purchases-shares-of-robinhood-markets-inc-nasdaqhood.html — confirm the claim described in the evidence summary.",
    "Visit source: https://www.congress.gov/event/118th-congress/house-event/115803/text — confirm the claim described in the evidence summary.",
    "Visit source: https://goblinhouse.net/entity/quiver-quantitative — confirm the claim described in the evidence summary.",
    "Cross-reference involved entities (Jonathan L. Jackson, Robinhood Markets, House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development, House Subcommittee on Digital Assets) in the entities table.",
    "Verify the SHA-256 content hash by re-generating the JSON bundle and hashing it."
  ]
}