At Hearing, Secretary Bessent Defends President Trump’s Stock Trades, Dodges Warren’s Push For Investigation On Potential Insider Trading

Skip to primary navigation Skip to content × Close Mobile Nav About About Elizabeth Committee Assignments About Massachusetts Voting Record Contact Share Your Opinion Help with a Federal Agency Office Locations Send me Updates Share Your CFPB Story Save Our Schools Services Help with a Federal Agency Return to Repayment Guide Visiting DC/Tours Flag Request Internships Meeting Requests Academy Nominations Special Recognitions Grants Small Businesses Veterans, Servicemembers and Military Families FY2027 National Defense Authorization Act Requests FY 2027 Appropriations Requests Oversight Reports Letters Social Security War Room Save Our Schools Campaign Legislation Newsroom News Coverage Press Releases Op-Eds Videos × Close Site Search search Elizabeth Warren Senator Elizabeth Warren's Facebook Page (This link opens in new window or tab.) Senator Elizabeth Warren's BlueSky (This link opens in new window or tab.) Senator Elizabeth Warren's Twitter (This link opens in new window or tab.) Senator Elizabeth Warren's Youtube (This link opens in new window or tab.) Senator Elizabeth Warren's Instagram (This link opens in new window or tab.) About About Elizabeth Committee Assignments About Massachusetts Voting Record Contact Share Your Opinion Help with a Federal Agency Office Locations Send me Updates Share Your CFPB Story Save Our Schools Services Help with a Federal Agency Return to Repayment Guide Visiting DC/Tours Flag Request Internships Meeting Requests Academy Nominations Special Recognitions Grants Small Businesses Veterans, Servicemembers and Military Families FY2027 National Defense Authorization Act Requests FY 2027 Appropriations Requests Oversight Reports Letters Social Security War Room Save Our Schools Campaign Legislation Newsroom News Coverage Press Releases Op-Eds Videos Español Close Search Open Search Popup Popup Search Close Search Popup MENU Senator Elizabeth Warren's Facebook Page (This link opens in new window or tab.) Senator Elizabeth Warren's BlueSky (This link opens in new window or tab.) Senator Elizabeth Warren's Twitter (This link opens in new window or tab.) Senator Elizabeth Warren's Youtube (This link opens in new window or tab.) Senator Elizabeth Warren's Instagram (This link opens in new window or tab.) Home Newsroom Press Releases June 03, 2026 At Hearing, Secretary Bessent Defends President Trump’s Stock Trades, Dodges Warren’s Push For Investigation On Potential Insider Trading President Trump’s recent ethics disclosures reveal more than 3,400 stock trades worth hundreds of millions of dollars in the first three months of 2026 Warren: “We need stronger anticorruption rules and conflict of interest rules in Washington for everyone, and that includes the President, and it includes Congress.” Warren: “Instead of draining the swamp, what Donald Trump is doing is he is enriching himself by taking advantage of his position.” Video of Exchange (YouTube) Washington, D.C. — At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) pressed Treasury Secretary Scott Bessent on whether President Donald Trump’s stock trades pose a conflict of interest, highlighting Secretary Bessent’s previous statements in support of a congressional stock trading ban. Secretary Bessent defended President Trump’s trades, ignoring Senator Warren’s push for an investigation into potential insider trading. Last month, President Trump's latest financial disclosures showed he made over 3,400 trades worth hundreds of millions of dollars in the first fiscal quarter of 2026. Despite Secretary Bessent’s previous public support for a congressional stock trading ban, he defended the President's trades, stating, “President Trump is not sitting in the Oval Office engaging in a high-frequency trading strategy. Clearly, he had an outside manager who was doing that.” Senator Warren highlighted that President Trump signed the 113-page ethics disclosure publicly listing all of his individual stock trades, and those trades occurred as the President made decisions affecting those stocks. On January 6, President Trump purchased up to a million dollars' worth of Nvidia stock. The following week, his administration loosened the rules on export controls so that Nvidia could sell its chips to China, raising the company's stock and ultimately benefiting President Trump. The disclosure also showed a purchase of tens of thousands of dollars worth of stock in Robinhood and the Bank of New York Mellon Corporation (BNY). On April 6, the Treasury Department announced it had chosen to implement the new Trump accounts program with BNY and Robinhood. Both stocks have risen since the announcement. Senator Warren continued to press Secretary Bessent’s views on whether it's a conflict of interest for President Trump to trade stocks and if the Securities and Exchange Commission (SEC) should investigate these trades. Secretary Bessent dodged the question, refusing to answer directly. Senator Warren concluded the heari