Schumer vows to ban stock trading by US lawmakers, accuses Trump of corruption

United States Democratic Senator Chuck Schumer has pledged to prohibit stock trading by House members and White House officials, accusing former President Donald Trump of corruption. The statement was made on Schumer's official X account in response to Trump's claim on his Truth Social platform. Trump had alleged that Schumer intended to end corruption within Democratic-controlled states, particularly in California.

In response, Schumer addressed Trump's accusations of 30,000 stock trades, a Qatari-gifted luxury jet, crypto scams, and other alleged wrongdoing. He stated that Democrats would investigate Trump's administration, holding it accountable for corruption, including alleged pay-to-play schemes and pardons for big donors. Schumer emphasized that Senate Democrats would ban stock trading for all Congress members and White House officials and enforce accountability for Trump's alleged corruption.

This move follows Democrats' recent control of the US House of Representatives and Senate, with 55 seats compared to Republicans' 45. Earlier, Trump directed Vice President JD Vance to focus on domestic anti-fraud investigations in Democratic-controlled states instead of Iran.