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A congressional hearing takes aim at allegations of corruption and self-enrichment surrounding the Trump administration, including questions over President Donald Trump’s extensive stock trading activity. Congressional records and financial disclosures have drawn attention to thousands of Trump-related trades, while lawmakers have raised concerns about conflicts of interest and ethics rules.

The remarks also focus on Trump’s reported crypto earnings and broader questions about whether presidential financial interests can create conflicts with government policy. Trump and his administration have faced scrutiny over these issues, while his financial managers have said his investment portfolio is managed independently.

Watch the full report for the latest details on Trump’s stock trades, crypto wealth, congressional corruption concerns, ethics rules, and the debate over presidential conflicts of interest.

#DonaldTrump #Trump #TrumpNews #TrumpCorruption #TrumpTrades #StockTrading #21KTrades #Congress #CongressionalHearing #PoliticalNews #USPolitics #TrumpCrypto #Corruption #Ethics #ConflictOfInterest



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Transcript
00:00Thank you, Mr. Ranking Member, and thank you to all the members of the committee here today.
00:04I wish we had Republicans here. I wish they would be talking about corruption in this administration.
00:09And I wish that going after corruption in this administration was more bipartisan generally.
00:14And you only see it here and there, but in the ocean of corruption that we've seen this, I only
00:21hear drops from them.
00:22And to me, this administration's greatest accomplishment is enriching itself. It really is.
00:28Trump himself has made an estimated $1.4 billion from just crypto alone.
00:35And then you put on top of that the couple billion dollars he's made overall, as well as all the
00:40trades he's made, 21,000 trades.
00:42That's 85 trades for every day the market was open.
00:46And I saw he tweeted a picture of himself at a computer with multiple screens.
00:52He must be doing that to be able to do 85 trades a day.
00:55I don't know how he has time to be president when he's doing so many trades.
00:59But the corruption is clear, and I don't even know if I have five minutes to go over all the
01:04corruption.
01:04I remember our committee put together a list of all the corruption we'd seen in the administration.
01:10The staff did an amazing job.
01:11It was, I think, in March, we put together a list.
01:14And there was 300 instances of corruption by March of last year.
01:17And so now it's been a year and a half, and it hasn't slowed down.
01:21If anything, it's sped up.
01:22And then they went out and they fired all the people who were in charge of preventing waste, fraud, and
01:28abuse,
01:29some of whom live in my district.
01:30But I will say that there is, we are doing something about it.
01:36The advocates here, thank you for being here and doing something about it.
01:38And even just talking about it is so important because I do not want an America where we give up
01:45on trying to enforce the law
01:47when it comes to corruption and self-dealing.
01:49Where we say all politicians are corrupt.
01:52This is just how the system works.
01:54Because that's how it works in other countries.
01:56And that's how other countries' democracies fail.
01:58That's how they lose trust in government.
02:00That's how you end up with a system that just doesn't work for the people there.
02:05And so we need to do better, and that's why it's so important.
02:08One particular instance of corruption that really bothers me is when our foreign policy is for sale.
02:16That really bothers me because we look at what's happened on foreign policy in this administration now.
02:22We are now in an endless war in the Middle East.
02:25I don't know who our ally is in the eyes of this administration when it comes to the Ukraine-Russia
02:31war.
02:32To me, to the American people, it's making sure we end that war by putting pressure on Russia.
02:37But then you look at all the money that follows.
02:41You'll look at who's negotiating with all these countries, and you see what's going on.
02:47What's going on is that people are financially benefiting from this administration.
02:51And I don't even need to talk about a cabinet official.
02:55There are people who are going out there on our behalf negotiating deals while still in the private sector.
03:00And so I've introduced legislation.
03:02There's a guy I know who's doing this.
03:03It's called the Jared Act, after someone who's doing this.
03:05And it's to make sure that people do not go out there and negotiate with foreign governments on our behalf
03:11while they're doing deals with governments who have an interest in that, while they are making money off of this,
03:17when they're so directly connected to the administration.
03:21And so this is common sense.
03:23It needs to get done.
03:24And thank you to the ranking member for introducing that bill with me.
03:27I will say that there are many bills like that in this Congress that have been introduced and have never
03:31gotten a hearing, never gotten a serious consideration.
03:34And we keep hearing from Republicans that they're so concerned about waste, fraud, and abuse and corruption.
03:40But then they are afraid of taking on the president and this administration and cabinet officials.
03:47It almost appears as though they feel it's their job to protect the people who are actually committing fraud in
03:54this administration while firing the people who prevent it.
03:58And there's so many whistleblowers in my district alone who come to me saying, this is happening.
04:05You guys got to look into it, right?
04:06And I want to thank our journalists and our advocates for getting the stories out because what has worked and
04:13what continues to work is speaking out about it and putting public pressure on them to change.
04:18That's the only time where things start to change because otherwise we don't have the numbers in Congress.
04:23We don't have enough Republicans who are here in hearings like this today who will help us.
04:28So thank you all for being here.
04:30I'm sorry I didn't have time to ask you guys questions.
04:32But I just know that you have many allies in Congress who will do the right thing and continue to
04:37do the right thing when it comes to corruption.
04:39Thank you and I yield back.
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