Democratic senators call for an investigation into the trading of initiates possible on the inversion of the Trump rate

Two Democratic senators require BLAND HOME responses to serious concerns that President Donald Trump’s declines on his prices and his publications on social networks earlier Wednesday could have been part of the initiate of the White House allies.

Sense. Adam Schiff, D-Calif., And Ruben Gallego, D-Ariz., Sent a letter to the chief of staff to Trump, Susie Wiles, and the commercial representative Jamieson Greer to ask on Thursday an investigation into the potential conflicts of interest on the actions that took place on Wednesday.

A few hours before Trump announced that he had 10% rates to all countries except China, which arose the stock market, he posted on Truth Social: “Be cool! Everything will work well. The United States will be larger and better than ever!” And “It’s the perfect time to buy !!! DJT.”

“This sequence of events raises serious legal problems and ethics. The president, his family and his advisers are particularly well placed to be aware and take advantage of non -public information to clarify their investment decisions,” said senators in their letter.

The actions were lowered on Wednesday morning before Trump’s Trump’s social position immediately increased markets. The NASDAQ climbed 12.1% at Close, the largest day -to -day win since 2021, while the DOW jumped 7.8%, its highest increase in five years.

The White House did not comment immediately.

Senators asked the government’s ethics office to probe if managers of the White House or Branch, to include special government employees, have been informed of the announcement in advance and the financial transactions made by officials knowing non -public information.

Senators also said they wanted answers to several questions about the Trump family members’ family members had been informed of the deliberations before Trump’s truth social post announcing pricing changes and if there were communication files with executive branches, family members or special government employees.

The secretary of the Treasury, Scott Bessent and the press secretary of the White House, Karoline Leavitt, told journalists on Wednesday that the president’s decision was part of his plan and that 75 countries had called to negotiate with the president. They did not provide more details.

A few hours later, however, Trump told journalists that he had made his decision on Wednesday morning.

“I think it probably met early this morning, quite early this morning. I just wrote it. I did not do it-we did not use, we did not have access to lawyers, or it was mentioned. We wrote it of our hearts,” he said.

Michael Gutretag, a teacher of the Loyola Law School who wrote several research documents on the offense of initiate, told ABC News that there was no national university law of the offense of initiate. On the contrary, cases were generally continued through court decisions that have established precedents.

“Generally, the other problem is the standard test for initiate trading is:” Do you have important non-public information? “” He told ABC News.

However, in 2012, the Congress adopted the 2012 actions law, which made illegal for the members of the Congress and any person who is part of the executive power to participate in the initiate.

Gutretag said that it would not be difficult to determine whether the initiate trading had taken place in the White House because it would simply be necessary to start by going up the negotiation records, associate them with individuals related to the Executive Office and the moment when Trump’s announcement was made.

He noted that former American representative Chris Collins was continued on the initiate offense in 2018 after the Congress Ethics Office determined that he had used his bonds of Congress to inform his son to sell shares of a pharmaceutical company which was about to obtain information on a drug test. Investigators were able to determine that Collins called for his son when he was during a picnic at the White House almost immediately after receiving the email on the failure of the drug trial.

He finally resigned from his headquarters and pleaded guilty to initiate crimes in 2019, but was forgiven by Trump in December 2020.

Gutretag said the Ministry of Justice and Securities and Exchange Commission would be responsible for investigating the civil and criminal allegations of potential violations of the 2012 actions law.

While Trump and other officials refused to speak more about the request for Schiff and Gallego, some other Democratic Senators of the Capitol have also questioned the schedule of the announcement and the increase in actions.

“Look, it should not be an investigation by democrats or republicans, it should be an independent investigation. And if the president and his cabinet and his family have nothing to hide, they should want an investigation like that. Let’s simply display smoke here,” said senator Elizabeth Warren, D-Mass., Said journalists.

“We see proof of self-contained and efforts again and again to improve your net net value with the policies of this administration,” said Senator Dick Durbin, D-ill., Said. “I think that deserves a more in -depth examination.”

But some Republicans have rejected concern.

Senator John Cornyn, R-Texas, described the assertion of “ridiculous” initiate and said that the Democrats were just looking to “dig” Trump.

“It is quite obvious that when the stock market is down that if you have money, you might consider investing and making money when it resumes. I think any idea of ​​initiate trading is ridiculous,” Cornyn told journalists.

Gutretag noted investigating the possible exchanges of initiates within the executive branch and pursuing them if there is solid evidence to climb a long hill. However, he said it was imperative that the rules of ethics were followed.

“People tend to find a development of reprehensible initiates. [investigators] Could share evidence that people exchanged in this window, it would be important to establish transparency and respect the rule of law, “he said.