Democrats Target Trump, Inner Circle After Truth Social Post Sends Stocks Soaring
Sen. Adam Schiff: “Are people cashing in? There is just all too much opportunity for people in the White House and the administration to be insider trading. And you can’t put it past them for a minute.”
President Donald Trump’s announcement of a 90-day pause on retaliatory tariffs for every country except China sent stock prices into the stratosphere on Wednesday afternoon. After steep losses following Trump’s “Liberation Day” presentation last week, the sudden rally brought much-needed relief to rattled markets.
Democrats, who had hoped Trump’s tariff strategy would keep him in a politically precarious position, were likely dismayed to see him once again flip a high-risk situation into a win. Not only had he brought 75 countries to the negotiating table, but he had also managed to isolate an increasingly combative China.
Shortly after the rally began—during what appeared to be a conveniently timed encounter with the press—a reporter lobbed a question at congenital liar Sen. Adam Schiff (D-CA): “How concerned are you with this market fluctuation, and do you believe members of the White House could be benefitting from it?”
Schiff told reporters he was “writing to the White House to demand who knew in advance that the president was going to, once again, flip-flop on tariffs. And are people cashing in? There is just all too much opportunity for people in the White House and the administration to be insider trading. And you can’t put it past them for a minute. So, we’re going to try to find out.”
There’s a good chance they’ll just ignore you though, right? Should there be some other independent investigation into this?” the reporter asked.
“Well, I think Congress should do an investigation into this, but we’re going to demand answers from the administration I think you’re right. They’re likely to stonewall, particularly if they’ve been engaged in corrupt insider trading.” But Schiff assured them, “They won’t be able to hide it for good. And we know who’s in the administration. We can look at … what people are buying and selling. This will come out.”
“But an administration that has their own meme coins and is already engaged in self-interested dealing with … Elon is Dogeing agencies that are doing oversight of his own businesses, in that kind of corrupt climate, you have to assume the worst,” Schiff added.
Two points.
First, Schiff is accusing administration officials of insider trading without offering a shred of evidence—perhaps because if he were in their position, he’d have done exactly that. It’s amazing to me that he’s not in jail. Schiff has played fast and loose with the truth for years, first during the Trump/Russia collusion investigation, which put him on the map, and then during the House impeachment inquiry. There seems to be no line this unethical, truth-challenged, repellent snake won’t cross in the name of partisanship.
And second, given the Democrats’ longstanding disinterest in investigating their own members over potential years-long insider trading, Schiff’s remarks reeked of hypocrisy.
Adam Schiff says he is “writing to the White House” to see if anyone is involved in insider trading: “You can’t put it past them for a minute. We’re going to try to find out. We’re going to demand answers.” pic.twitter.com/rUt4vAfS0I
— TheBlaze (@theblaze) April 9, 2025
The accusations didn’t stop there. Sen. Chris Murphy (D-CT) tore into Trump’s morning post on Truth Social in which he wrote: “THIS IS A GREAT TIME TO BUY!!! DJT”
Unbelievably, Murphy argued that a message sent to millions of the president’s followers was also insider trading. In the video below, Murphy explains: “An insider trading scandal is brewing. Trump’s 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew. So who knew ahead of time and how much money did they make?”
( @realDonaldTrump – Truth Social Post )
( Donald J. Trump – Apr 09, 2025, 9:37 AM ET )THIS IS A GREAT TIME TO BUY!!! DJT pic.twitter.com/QLMJkjARw1
— Donald J. Trump 🇺🇸 TRUTH POSTS (@TruthTrumpPosts) April 9, 2025
An insider trading scandal is brewing.
Trump's 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew. So who knew ahead of time and how much money did they make? pic.twitter.com/AJbtEq372n
— Chris Murphy 🟧 (@ChrisMurphyCT) April 10, 2025
On Wednesday night, Rep. Alexandria Ocasio-Cortez (D-NY), a top contender for the 2028 Democratic presidential nomination, called on “any member of Congress who purchased stocks in the last 48 hours” to disclose that now in a post on X. It seems the congresswoman had “been hearing some interesting chatter on the floor.”
Any member of Congress who purchased stocks in the last 48 hours should probably disclose that now.
I’ve been hearing some interesting chatter on the floor.
Disclosure deadline is May 15th. We’re about to learn a few things.
It’s time to ban insider trading in Congress. https://t.co/YBKMGbraAu
— Alexandria Ocasio-Cortez (@AOC) April 10, 2025
Well, these comments are all quite rich. If there’s genuine concern about insider trading among government officials, perhaps they should start with Speaker Emerita Nancy Pelosi (D-CA), whose wealth has soared since entering Congress. Her stock trades have been so consistently profitable that the Nancy Pelosi Stock Tracker—a fund that mirrors transactions made by Pelosi and her husband—closed out 2024 with a stunning 54% return. (It even beat out Inverse Cramer last year, a fund that does the opposite of whatever Jim Cramer recommends—but I digress.)
BREAKING: Pelosi did it 👑
She officially finishes 2024 up 54% and beat out Inverse Cramer for the top portfolio on Autopilot
Never doubt the queen of … pic.twitter.com/eT941WTdPs
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) January 2, 2025
But Pelosi is far from the only avid investor in Congress. Lawmakers on both sides of the aisle are frequent market participants.
🚨BREAKING🚨
I just released the full report on Congress trading in 2024.
Like every year since 2020, some US politicians beat the market.
From the start of 2024 to year end, many had unusual trades & huge portfolio gains.
Here are the top political traders of 2024. pic.twitter.com/pYIYanF53t
— unusual_whales (@unusual_whales) January 7, 2025
Thankfully, Democrats do not currently control either chamber of Congress or they would already be demanding brokerage statements from Treasury Secretary Scott Bessent and others.
However, if the party does win back either the House or the Senate in the midterms, these are the types of investigations we can expect.
Elizabeth writes commentary for Legal Insurrection and The Washington Examiner. She is an academy fellow at The Heritage Foundation. Please follow Elizabeth on X or LinkedIn.
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Comments
How can a public social media post be considered an insider tip? I need a tracker to see Nancy’s investments
It’s the very definition of OUTSIDER trading, isn’t it?
I think the suggestion (backed by exactly nothing) is that Trump insiders knew about it first, and bought before the announcement.
There is also a (again purely hypothetical) possibility that Trump could artificially boost prices by sending a tweet like this, while his insiders sell.
Elected public officials and federal employees must comply with financial transaction filing regulations at least annually. The records can be made public. Schiff is spreading his innuendo to start a new narrative on MSNBC, so his buddy Donny Deutsch will run with it in another attempt to take down Trump or someone on his administrative staff.
Who needs an announcement for this? Watching the news on Monday, and even the Friday before, anyone willing to look would see the DJI and other indexes taking a dive. The news was saying it was a reaction to the impending tariffs. If someone knew, had the belief, that this drop in the indexes would be temporary, that it was just another Wall Street stampede of jittery investors (is there really any other kind?) and when things settled down the market would return to its original level. Anyone with that level of confidence and some available cash should have bought in.
Myself, I’m old and I am about 90% cash instruments, and my age precludes taking on risk of this sort. I don’t have enough time left to recover if it turned out to be a bad move. Ten or fifteen years ago? That’s another story.
When all the information is on the morning, noon, and evening news, let alone all over the internet, we are not seeing insider trading.
Pot meet kettle.
Congress is so dirty where insider trading is concerned,
Hmmm… I wonder what good congress is. They really don’t represent us. They represent themselves. What do you think would happen if we just abolished them? Is there something else we could create in place of them to preserve a system of power distribution and checks and balances?
What would be poetic is if people with insider info regarding criminal charges were to make money shorting Soros.
This makes the congress members, who are legally allowed to inside-trade on confidential information they know from their congressional roles, very angry.
F ’em.
“Rep. Alexandria Ocasio-Cortez (D-NY), a top contender for the 2028 Democratic presidential nomination…”
🤣🤣🤣
Elizabeth, you owe me a new keyboard and monitor!
I’m serious Peter! As ridiculous as it sounds, I’m seeing her mentioned as a top choice more and more. … I hope she is!
https://www.newsweek.com/alexandria-ocasio-cortez-democrats-2028-presidential-nominee-polls-2049256
Cloise your eyes and imagine her hyperventilating during a summit with Putin.
Not a surprise. She’s one of the biggest flakes in the Dim party so it would make sense somebody would float this idea.
TDSers leave no stone unturned.
which means check his ghost accounts for trading the past 3 weeks
Their hypocrisy knows no bounds.
Schiff is lucky he’s not yet in jail.
Yet.
Saving some time here.
tjv1156
…. MORON … blah blah blah … red cult …
Adam is a lying sack of Schiff.
This article made me giggle with anticipation. Hasn’t Elon been calling for an investigation of all the suddenly-wealthy congresspeople? Let’s introduce a call for one ….on the floor of the Senate. Let’s strike while the iron is hot!
Of course many of the Republicans are as guilty as any Democrat, but here’s the trap. Since it’s the Senate every Republican can vote FOR the investigation, forcing all the Democrats and an ugly-independent or two to unite in a bloc to vote AGAINST AN INVESTIGATION OF CORRUPTION.
The fun will be watching ALL the Democrats wriggle in the trap. If they vote together and block the bill, then they will be hammered in the next elections as the Party that wants Congressional corruption. If they don’t stop the bill, then Americans WIN!
Of course the bill will never pass, but the show is gonna be great!
Project much, Adam?
In 2008 Schiff net worth was ~ 1,5 Million.
A congressional base salary is set at $174k.
Adam’s current net worth is (according to the internet) –
NOT publicly disclosed.
This despite his unending cry’s that unless Trump publishes a full disclosure of Trump’s finances, it’s prima fascia proof he’s a crook.
Adam, get bent. Oh.. but you already are.
This was just Schiff trying to take back the Most Reprehensible Democrat Senator crown from Schumer.
The competition is fierce, and other senators like Warren and Murphy are strong contenders as well.
I’d say that since it was a completely public message, this would be more like Outsider Trading.
“Thankfully, Democrats do not currently control either chamber of Congress …”
My first thought on this was, “What’s he going to do, hire a private investigator?”.
I can’t imagine any committee in either House or Senate voting in favor of wasting their time on this nonsense.
The sole purpose of Schiff’s statement was to get the legacy liberal press hyperventilating about this. So, Mission Accomplished.
“First, Schiff is accusing administration officials of insider trading without offering a shred of evidence—perhaps because if he were in their position, he’d have done exactly that.”
No “perhaps” about it. It’s the old adage “you can’t bullschiff a bullschiffer”.
They suspect everyone else because it’s exactly what they do at every opportunity.
In the Midwest there’s a card game called Euchre. It’s similar to Spades in that you have to follow suit if you have it. If you fail to do so and get caught, it’s called Reneging and the other team gets the points for the hand.
Some players consider reneging a part of the game….it doesn’t count if you don’t get caught right? I’ve always considered it cheating and I don’t do it intentionally.
Because I don’t do it when I play, I don’t usually even think about it, so when someone does do it, I usually don’t even notice.
It’s the players who consider it part of the game and do it intentionally that are constantly watching for it and accuse you of it the entire game.
That’s what this reminds me of. A person who’s net worth ballooned from just over $1 million to over $70 million in less than a decade while earning a low six figure salary is watching with eagle eyes to catch someone else insider trading.
“Perhaps” has left the building.
Projection.