U.S. News
Senator Calls for Probe into Trump’s Market Moves
Clear Facts
- Democratic Senator Richard Blumenthal has admitted he currently lacks evidence to support claims that former President Donald Trump engaged in insider trading.
- Blumenthal and other Democratic senators have suggested that there are “indications” of potential market manipulation or insider trading related to Trump’s tariff announcements.
- Blumenthal calls for an investigation by the SEC, expressing doubt that the agency will act under the current administration, and suggests Congress may need to intervene.
In recent developments, Democratic Senator Richard Blumenthal has acknowledged that he does not possess any concrete evidence to substantiate allegations that former President Donald Trump engaged in insider trading. Despite raising the possibility of such misconduct, Blumenthal’s statements have yet to be backed by tangible proof.
The allegations were initially brought to light by Democratic Senators Adam Schiff and Ruben Gallego, who sent letters to key White House and trade officials. When pressed for evidence, Blumenthal admitted the absence of direct proof but pointed to “indications” of potential wrongdoing.
“There are strong indications of manipulation and insider trading,” Blumenthal asserted, referencing the market volatility and trading activities following Trump’s tariff announcements. He emphasized the need for an investigation by the Securities and Exchange Commission (SEC), expressing skepticism about the agency’s willingness to act under the current administration.
Blumenthal further stated, “We have tools to ask for information, and if Republicans block us or they fail to cooperate, I think the American people will see them as complicit in illegal market manipulation or insider trading.” He emphasized that a lack of action from the SEC should prompt Congress to step in, warning that Republican obstruction could be perceived as complicity.
The controversy arose after Trump’s announcement of a 90-day pause on reciprocal tariffs, which led to a significant surge in stock prices. Blumenthal was questioned about any evidence of improper trading by Trump or his administration.
“Just the indications and trading patterns and the knowledge that people in the White House, this administration had prior knowledge of what the president would do,” Blumenthal explained. He clarified that he is not directly accusing anyone of market manipulation or insider trading but believes there is enough to warrant an investigation.
Blumenthal concluded, “I’m not alleging there has been market manipulation or insider trading, just the opportunity and indications of it.” He reiterated the need for an inquiry to uncover the truth behind these trading activities.
Let us know what you think, please share your thoughts in the comments below.
EvaCash
April 11, 2025 at 1:22 pm
, I couldn’t believe that someone could earn such a substantial Aht amount from their PC in their free time. My friend’s brother has been doing just that. His success story completely changed my perspective on how much potential exists online…
Go ON my ProFILE !!!
SAMSON
April 11, 2025 at 5:13 pm
The stinking Democrats break the law constantly and destroy everything they touch and they want to investigate Trump’s tariff deals?? I sure hope the DOJ gets going on these Democrats with their corruption.
Libblaster
April 11, 2025 at 7:22 pm
When is Blumenthal going to investigate the Pelosis? It’s a well-known fact that they have been involved in insider trading for many years.
John
April 11, 2025 at 10:04 pm
It’s OK when the demorats do inside trading deals. But someone else better not. Nazi Nancy is the expert on that subject. Worth 200+ million on a 212,000 dollar salary income?
Martha
April 11, 2025 at 8:10 pm
I know Biden is and has been a doddering old fool, but was he quite as “doddering” when he “willfully” put classified documents in his garage?
Jaoquin
April 13, 2025 at 7:59 am
I believe this quote from the Bible, Matthew 7:5 KJV, is very apropos in this situation:
“Thou hypocrite, first cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother’s eye.”
Kristi
April 14, 2025 at 11:29 am
What infuriates me about This is not another unjustified investigation into President Trump, that happens all the time. It’s not even the partisan hypocrisy of the Democrats when they have members of Congress from their party, who blatantly and arrogantly provide reasons for investigation and they turn a blind eye. What makes me mad? Is the cost to the taxpayers every time an investigation is launched on any public employee. Do our premier law enforcement agencies not hire investigators and attorneys capable of these investigations? If not, then why are they on the payroll? Are the courts charging bloated filing costs, or any filing costs for any government initiated process? Are they not part of our government with their operating costs and payroll paid for by the taxpayers? If they are charging through filings and forms, then why aren’t they being held as a for-profit organization and responsible for their own cost and payroll? Let the individual courthouses and judges be responsible for that! I hear time and time again. About 25 million for this investigation, 15 million for that investigation, Why?? What do the people we employ actually do? What do these administrations and agencies government wide provide to citizens or the government with what is provided for them to operate?
This is what I would like answers for because I think american taxpayers have spent more than enough on bogus investigations that no one is held responsible for the cost of. Maybe it’s time that congress members who initiate these investigations be held responsible for the cost if it turns out to be unsubstantiated. Maybe that will slow down the amount of taxpayer money going on frivolous partisan pokes in the eye! Just a thought!