The president said the Democratic representative was using her legislative position to game the stock market
Nights and Weekends Editor
Published
August 10, 2025 12:09PM (EDT)
Rep. Nancy Pelosi, D-Calif., talks with reporters in the U.S. Capitol about the presidential debate between President Joe Biden and former President Donald Trump on Friday, June 28, 2024. (Tom Williams/CQ-Roll Call, Inc via Getty Images)
President Donald Trump accused former House Speaker Nancy Pelosi of engaging in insider trading.
In a post to Truth Social on Saturday night, Trump said that the “average minds” of Pelosi and her husband “beat all of the super geniuses on Wall St.”
“It’s all INSIDE iNFORMATION! Is anybody looking into this???” he wrote. “She is a disgusting degenerate, who Impeached me twice, on NO GROUNDS, and LOST! How are you feeling now, Nancy???”
Trump’s tirade was seemingly inspired by Sen. Josh Hawley’s HONEST Act. The legislation would ban stock trading for all members of Congress, as well as the president and vice president. It was initially introduced as the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act.
Pelosi’s stock trading prowess has become a bit of a meme, standing in for congressional stock trading in general. There are several social media accounts and apps that track Pelosi’s stock trading, as a sort of tip line for traders. Pelosi, for her part, has expressed support for the act.
“We must have strong transparency, robust accountability and tough enforcement for financial conduct in office because the American people deserve confidence that their elected leaders are serving the public interest — not their personal portfolios,” Pelosi said in a statement. “If legislation is advanced to help restore trust in government and ensure that those in power are held to the highest ethical standards, then I am proud to support it — no matter what they decide to name it,”
By
Alex Galbraith
Alex Galbraith is Salon’s nights and weekends editor, and author of our free daily newsletter, Crash Course. He is based in New Orleans.
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