Trump calls for Pelosi to be investigated over insider trading allegations as Congress inches closer to banning stock trades for all lawmakers.
What Happened | President Trump is putting pressure on former House Speaker Nancy Pelosi. He is calling for a full investigation into her stock market activity and accusing her of profiting from insider information during her time in Congress. | In a recent interview, Trump said Pelosi "has the highest return of anybody, practically in the history of Wall Street." He claimed she became wealthy by trading stocks tied to legislation she had a hand in shaping. | The comments came just days after the Senate narrowly advanced the PELOSI Act. This is a bill aimed at banning members of Congress and their spouses from trading individual stocks while in office. | The legislation, spearheaded by Republican lawmakers, is named directly after Pelosi. She has long drawn scrutiny for her portfolio's strong performance and well-timed trades, often reported by her husband, Paul Pelosi. | Pelosi has denied any wrongdoing and has repeatedly stated that her husband makes investments independently. But for many, that explanation has never passed the smell test. | Why It Matters | This is a direct challenge to a system that many Americans believe is rigged in favor of lawmakers. If members of Congress are allowed to own and trade individual stocks while also crafting policy that affects those companies, the potential for abuse is obvious. | Trump's call for an investigation echoes what a growing number of voters on both sides of the aisle have been demanding: accountability. | | Why Billionaires Are Stockpiling This "Boring" Token | | The world's largest financial institutions are building massive positions in a protocol most retail investors consider too "unsexy" to notice. As markets are volatile post-tariffs, this coin continues setting transaction records while flying almost completely under the radar. | Discover the "boring" financial token that's making the elite wealthy for only $3. | | Whether it's defense contracts, tech regulations, or pharmaceutical policy, congressional stock trades often align too closely with pending legislation to be a coincidence. | The fact that the Senate is now moving forward with a bill to curb this practice shows just how much public pressure has built up. If passed, the PELOSI Act wouldn't just target one politician. It could force a seismic shift in how lawmakers handle their finances. | For many in Congress, this would mean selling off individual holdings or placing assets in blind trusts. That would be a catastrophic disruption to the status quo. | How It Affects Readers | If Congress cracks down on insider-style trading among its own, it could fundamentally change the relationship between public service and personal wealth. | Voters have long suspected that lawmakers use their positions for financial gain. While a law banning congressional stock trading wouldn't erase that distrust overnight, it would certainly send a strong message that times have changed and the rules apply to everyone. | It could also open the door to more comprehensive investigations. If Pelosi's trades come under formal review, others might follow suit. Trump's comments, regardless of political intent, raise a serious question. How many current or former members of Congress have made fortunes off knowledge the public didn't have? | While the initial focus on Pelosi may have sparked the conversation, there are heavier implications that reach much further. If trading restrictions take hold, many in Congress could face uncomfortable questions about past decisions and future investments. | | More breaking news below… | The Trump administration's new health data plan links personal medical records to Big Tech platforms, raising both hopes for care and alarms over privacy. Read more here… | Magnitude 8.8 earthquake strikes off the eastern coast of Russia, triggering tsunami warnings across the Pacific. Read more here… | Microsoft Authenticator app to delete passwords beginning August 1st and switch to passkeys. Read more here… |
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