- United States
- Ariz.
- Letter
Congress must immediately investigate the pattern of suspicious trading activity surrounding major White House announcements and hold the SEC accountable for failing to act. The evidence is overwhelming and demands action.
On March 3, sixteen lawmakers made hundreds of thousands in stock purchases the day before Trump announced major tariffs. Hours before the Venezuela operation in January, a Polymarket user wagered $32,000 and made over $400,000 when it succeeded. Before the February 28 Iran strikes, 38 accounts made over $2 million in correct bets, with cryptocurrency transfers starting February 22. Most recently, S&P 500 futures and crude oil saw sharp volume spikes at 6:50 a.m. on Monday, fifteen minutes before Trump announced halting Iran strikes. Futures then surged 2.5% while oil dropped 6%.
This isn't coincidence. Exchange data shows upticks in bets and trading moments before Trump's most market-moving announcements. Hundreds of millions have been wagered on prediction markets tracking White House decisions, with traders consistently profiting from advance knowledge.
The SEC has the tools to investigate this. Congress must demand they use them and report findings within 30 days. If the agency refuses to act, you need to launch your own investigation with subpoena power. Americans deserve to know who is profiting from inside information.