#CongressTradingBan Just when I thought the #CongressTradingBan debate had cooled off, things have heated up again—and fast.
Last week, Trump posted on Truth Social, “THIS IS A GREAT TIME TO BUY!!! DJT,” just hours before announcing a 90-day pause on most new tariffs. Markets went wild. The S&P 500 jumped over 9%, Nasdaq soared 12%, and Trump Media's stock ($DJT) shot up 22%.
Naturally, this set off alarm bells. Lawmakers like AOC and Adam Schiff are calling for a full investigation into potential insider trading. They’re demanding transparency from every member of Congress who made trades during the chaos. And I get why—because guess what? Reports say 37 U.S. lawmakers traded up to $113 million in arms stocks this year alone. And some of them sit on committees that influence those very sectors.
Now there’s a bipartisan push to ban Congress from trading stocks altogether. Representatives Seth Magaziner and Chip Roy just introduced a bill aimed at doing exactly that. Even Trump says he supports a trading ban for Congress—but let’s be real, he’s no stranger to benefitting from market moves tied to his own policy shifts.
It all brings the 2012 STOCK Act back into the spotlight—a law that was supposed to prevent insider trading by public officials. But let’s be honest, enforcement has been weak at best.
As someone who’s into both politics and crypto, I can’t help but wonder—if they ban stock trading for lawmakers, will crypto holdings like $ETH, $SOL, or $XRP get the same treatment? Or are we only scratching the surface?
What do you think—should lawmakers be banned from trading assets while in office? And should crypto be included in that too? I’m seriously curious where this is going. Drop your thoughts.