Senator Chris Murphy (D-CT) has raised serious concerns over a potential insider trading scheme involving former President Donald Trump. On a recent social media post, Trump urged his followers to “buy” as the stock market dipped early Wednesday morning, labeling it a “great time to buy.” But just hours later, Trump announced a major shift in U.S. trade policy, temporarily suspending nearly all tariffs for 90 days. This drastic move caused the stock market to soar, raising questions about who might have profited from the insider knowledge.
Murphy took to social media to voice his concerns, stating, “So I have questions about the tariff announcements today. Who benefitted, and who made money?” He warned that this could be more than just a coincidence, suggesting that Trump’s early market advice was perfectly timed to coincide with the tariff news that triggered the stock market’s rebound.
At around 9:30 AM, Trump posted his message encouraging people to buy stocks. Just hours later, the suspension announcement sent stocks skyrocketing, recovering about $4 trillion in market value. According to Murphy, anyone who invested after Trump’s post likely saw massive returns. “The market, which had been crashing, shoots up, and anyone who made investments early today likely made a lot of money,” Murphy pointed out.
Murphy’s line of questioning focuses on whether Trump’s close allies, including those at Mar-a-Lago or his billionaire advisers, were tipped off about the tariff suspension before it was publicly announced. “The chaotic nature of this tariff policy gives ample opportunity for individuals with early access to this information to capitalize on it,” Murphy said. “The bottom line is that the White House is a chaotic mess of shifting positions, and people who know the game can profit immensely.”
With this latest revelation, Murphy has continued his criticism of Trump, calling the administration a “giant grift.” He stated that Trump and his circle are using their positions for financial gain, claiming, “It stinks, and we should get to the bottom of it.”
This potential insider trading scandal has sparked fierce debate, with many demanding a full investigation into whether Trump or his associates used privileged information to make a profit. The questions surrounding this controversy could have major implications for the future of U.S. politics and the integrity of government officials in the business world.
