Senator Adam Schiff demands investigation into insider trading after Trump’s post
U.S. Senator Adam Schiff is initiating an investigation into possible insider trading by Donald Trump following a sharp rise in the stock market and his social media post.
Photo: Gage Skidmore, CC BY-SA 2.0
On Wednesday, April 9, California Democratic Senator Adam Schiff called on the U.S. Congress to launch an investigation into former President Donald Trump.
The reason was Trump’s sudden announcement of a suspension of large-scale tariffs, which led to a rapid surge in the stock market — the S&P 500 index jumped by more than 9% by midday.
Almost simultaneously with the market opening, Trump posted on Truth Social: “THIS IS A GREAT TIME TO BUY!!!”
According to Schiff, these actions may indicate an attempt at market manipulation or insider trading.
He emphasized that even so-called “family meme coins” are not beyond suspicion and promised to uncover all the details as soon as possible.
S&P 500 Index
Adam Schiff’s video statement
