Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date.
A group of Democratic lawmakers have called on the White House to disclose financial transaction records of senior officials, citing concerns that some in Trump’s orbit may have been involved in insider trading.
Some shit you should know before you read: If you’re unaware, President Trump’s sudden decision to pause sweeping tariffs triggered a historic rally in the stock market, with the Nasdaq surging 12.1% and the Dow climbing 7.8% — the biggest one-day gains for both indices in years. Notably, there were spikes in call volume and major stock purchases occurring just minutes before Trump posted messages on Truth Social encouraging Americans to “buy,” raising some concerns about potential insider information leaking before the public announcement. As of now, there is no direct evidence that President Trump, his White House staff, or any administration officials engaged in insider trading or facilitated such leaks.
What’s going on now: In a notable development, Senator Adam Schiff and Congressman Mike Levin, along with 23 other Democratic lawmakers, sent a letter to White House Chief of Staff Susie Wiles demanding immediate disclosure of financial transactions made by senior administration officials. The lawmakers expressed concern that “no periodic transaction reports have been posted on the OGE database for White House officials’ individual disclosures at any point since President Trump took office on January 20, 2025.”
They warned that, without transparency, “the Administration would be withholding critical information from the American people regarding potential violations of federal ethics and insider trading laws.”
In their letter, Schiff and Levin urged Wiles to “urgently certify any periodic transaction reports filed by White House employees and expeditiously transmit those to OGE” and demanded a “detailed plan” for how the administration would address any failure to comply with ethics requirements.
The lawmakers set a deadline of May 9, 2025, for the White House to respond and to deliver all required disclosures, reiterating that the public deserves “full transparency” given the potential damage to retirement savings and pension funds caused by the president’s volatile trade policy.
White House responds: In response, White House spokesman Kush Desai suggested that Senator Schiff should instead “probe his fellow California Democrat Nancy Pelosi,” referencing longstanding accusations against her regarding stock trades. President Trump has denied any personal involvement in insider trading, telling reporters, “I can commit to myself, that’s all I can commit to,” while insisting he hires “honorable people.”
