Trump backs stock trading ban so lawmakers like Pelosi can’t continue ‘ripping off’ constituents, WH claims

The White House made digs at former House Speaker Nancy Pelosi at a Thursday White House press briefing, saying she’s the reason Congress is eyeing a measure to ban all lawmakers from trading stocks. 

On Wednesday, President Donald Trump accused Pelosi of accruing her wealth “by having inside information” in stock trading.

“The reason that this idea to put a ban on stock trading for members of Congress is even a thing is because of Nancy Pelosi,” White House press secretary Karoline Leavitt told reporters Thursday. “I mean, she is rightfully criticized because she makes $174,000 a year. Yet she has a net worth of approximately $413 million. In 2024, Nancy Pelosi’s stock portfolio, this was a fascinating statistic to me, grew 70% in one year in 2024.” 

“I think the president stands with the American people on this,” Leavitt said. “He doesn’t want to see people like Nancy Pelosi enriching themselves off of public service and ripping off their constituents in the process.” 

This is a breaking news story and will be updated.