Allegation on Trump
A group of top Senate Democrats is asking the Securities and Exchange Commission (SEC) to investigate whether former President Donald Trump broke the law by using insider information to influence the stock market.
The concern is about a sudden change in Trump’s global tariff plans. The senators believe this may have caused a stock market crash followed by a quick recovery — and they suspect people close to Trump may have made money from it.
The letter was led by Senator Elizabeth Warren and signed by other big names like Chuck Schumer, Ron Wyden, Mark Kelly, Ruben Gallego, and Adam Schiff. They want to know if Trump’s family or allies knew in advance that he would pause tariffs — and if they used that information to buy stocks before the market jumped.
The issue started when Trump posted on social media Wednesday morning: “THIS IS A GREAT TIME TO BUY!!!” This happened while the stock market was dropping. Just hours later, he suddenly announced a 90-day pause on tariffs, which caused the market to rise sharply. That day turned out to be the best for the S&P 500 since the 2008 financial crisis.
The senators also said Trump’s unpredictable tariff moves caused chaos in the markets. They’re worried that recent staff cuts to the SEC might make it harder for the agency to watch over the markets and stop wrongdoing.
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