In a striking accusation, President Donald Trump has targeted former House Speaker Nancy Pelosi (D-Calif.) and her husband, Paul, alleging they engaged in improper financial dealings to achieve extraordinary market success in 2024.
According to Breitbart, this story centers on Trump's claims of insider trading by the Pelosis, alongside Sen. Josh Hawley’s (R-Mo.) push for legislation to curb stock trading by members of Congress and their families.
The controversy began with Trump's public statements, where he criticized the Pelosis for their financial achievements last year. He suggested that their gains were not due to skill but rather to privileged information. Trump's remarks have reignited debates about ethics in government and the potential misuse of confidential data by elected officials.
"Crooked Nancy Pelosi, and her very 'interesting' husband, beat every Hedge Fund in 2024," Trump stated in a recent outburst. He further claimed, "In other words, these two very average 'minds’ beat ALL of the Super Geniuses on Wall Street, thousands of them." "It’s all INSIDE INFORMATION!" Trump added, intensifying his accusations against the couple.
Trump also referred to Nancy Pelosi as a "disgusting degenerate," underscoring his disdain for her alleged actions. These statements have drawn significant attention to the Pelosis’ financial activities during 2024. The former president’s comments suggest a deep concern over the integrity of public office and market fairness.
Adding to the scrutiny, Sen. Josh Hawley (R-Mo.) has also commented on the Pelosis’ financial success. During an interview on The Alex Marlow Show with Breitbart Editor-in-Chief Alex Marlow, Hawley expressed skepticism about their achievements. He noted that Nancy Pelosi has amassed "hundreds of millions of dollars" despite a congressional salary that never exceeded just over $200,000.
"And here’s the thing, Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically," Hawley remarked during the interview. "So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable," he added. Hawley’s comments suggest a belief that such success is unlikely without some form of advantage.
In response to these concerns, Hawley has taken legislative action by reintroducing a bill aimed at curbing such financial activities. The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act seeks to bar members of Congress and their families from trading or holding stocks. This proposed law would amend chapter 131 of title 5, United States Code, to enforce these restrictions.
Hawley first reintroduced the PELOSI Act in January 2023, indicating a longstanding concern over this issue. The renewed push for the bill in the wake of recent allegations shows a persistent effort to address potential conflicts of interest. The senator’s initiative reflects a broader call for transparency and accountability in government.
Further fueling the controversy, it was revealed that Paul Pelosi purchased up to $5 million in stock in a semiconductor company. This transaction reportedly occurred around the time the Senate was passing legislation to provide subsidies to the semiconductor industry. The timing of this purchase has raised eyebrows and added to suspicions of impropriety.
Sen. Hawley has been vocal about the ethical implications of such financial moves, stating, "You don’t do it legally." His comment underscores a belief that the Pelosis’ actions may not align with legal or ethical standards. This perspective has contributed to the growing demand for stricter regulations on congressional trading.
The accusations against the Pelosis have sparked a wider discussion about the potential for misuse of power in Congress. Many are questioning how elected officials can accumulate significant wealth while serving in public office. This situation has highlighted the need for clear boundaries to prevent any perception of unfair advantage.
The reintroduction of the PELOSI Act by Hawley is seen as a step toward addressing these concerns. Supporters argue that such legislation is necessary to maintain public trust in government institutions. The bill’s progress will likely be closely watched as the debate over ethics continues.
The controversy surrounding the Pelosis is not an isolated incident but part of a larger conversation about congressional ethics. Critics argue that without strict rules, the potential for abuse of power remains high. This case may catalyze significant changes in how financial dealings are regulated for public officials.