1. United States
  2. Ariz.
  3. Letter

Require Presidential Asset Divestiture and Blind Trust Legislation Now

To: Sen. Gallego, Rep. Crane, Sen. Kelly

From: A constituent in Kearny, AZ

May 19

Pass legislation requiring the president to divest personal stock holdings or place them in a genuine blind trust. Trump's May 14 financial disclosures show 3,642 individual trades in the first quarter of 2026 alone — roughly 40 to 60 trades per market day — with a cumulative value between $220 million and $750 million. This isn't passive investing. Wall Street professionals called it "an insane amount of trades" comparable to algorithmic hedge fund strategies. The conflict-of-interest pattern is impossible to ignore. Trump purchased Nvidia stock one week before his Commerce Department approved Nvidia chip sales to China. He bought Palantir across Q1 while its federal contracts nearly doubled to $970 million. He publicly told a White House audience to "go out and buy a Dell" after holding a $1M–$5M position — the stock surged 12% that day. Every predecessor either divested, held only T-bills, or used a real blind trust. Trump is the first president to trigger STOCK Act disclosures at this volume, and he still missed filing deadlines on some trades. A 2024 University of Maryland survey found 74% of voters in six battleground states support extending a stock trading ban to the president. Even Treasury Secretary Scott Bessent has called for a congressional trading ban. The law needs to cover the White House too. Pass it.

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