Cailian News on April 10th (Editor Xiaoxiang)Trump's tweet suggesting to "buy stocks stocks"" and the US decision to temporarily suspend tariffs on multiple countries pushed the S&P 500 index to its third-largest single-day gain since World War II on Wednesday.<>
However, as this epic stock market carnival unfolds, more and marks of doubt are emerging raised - multiple US senators on Wednesday stood up to criticize and question whether there is room and motivation for insider trading behind Trump's decision.
Most notably, this undoubtedly includes an interview with local media of California Democratic Senator Adam Schiff. In the interview, he called on the US Congress to investigate whether Trump was involved in insider trading or market manipulation when suddenly suspending a series of comprehensive tariffs.
Schiff pointed out that the tariff policy's stop-and-go has caused serious market disruption, but there is another profound danger: insider trading within the White House and government.
"You might have seen Trump's tweet earlier today saying now is a good time to buy. So the question is, who knows what the president will do between this tweet and Donald Trump's announcement of lowering tariffs for most other countries except China? Will people around the president trade stocks after knowing the market is about to experience such violent fluctuations?
Schiff noted that this is a president who trades his own meme coins during his term, and his children are alsoping their own cryptocurrency. The government also has roles like Elon Musk who use their power for personal gain. Facing such a corrupt government, we must ask: when ordinary people's savings and retirement accounts are wiare wiped out, did someone profit from insider information?
Schiff said, "We are writing to the White House requesting a response. Of course, I am fully aware that the White House might be the least likely institution to be transparent - this is true for any corruption of this administration. We (Congress) cannot just stop at requesting a must the truth through necessary oversight mechanisms."
It is worth mentioning that Schiff has long been one of the most fierce critics of Trump's policies. He served as the lead prosecutor in Trump's first impeachment trial and played a core role in the congressional response to the Justice Department's "Russia" On Wednesday also the first to call for a congressional congressional investigation into potential insider trading in the Trump administration.
Multiple Democratic Senators Echo
Usually, such insider trading investigations fall within the jurisdictionictions of strong congressional committees like the Senate Judiciary Committee or the Senate Finance Committee.
But the problem is that the current chairs of these two committees are both Republicans - Iowa Republican Senator Chuck Grassley and Mike Crapo, who are unlikely to directly conflict with the White House. While senators like Schiff can use their personal office teams to conduct investigations, such investigations lack subpoena power and are unlikely to obtain much useful information.
In, response, many other Democratic senators on Wednesday also joined Schiff's camp, to Congress to pay attention to this issue.<(Translation continues in the same manner)
