Treasury Secretary Scott Bessent voiced concern over the “eye-popping” stock gains some members of Congress are making, expressing support for some form of ban on individual trades.
The senior Trump administration official told Bloomberg on Wednesday that the American people are right to be concerned.
“I am going to start pushing for a single stock trading ban, because it is the credibility of the House and the Senate that you look at some of these eye-popping returns,” Bessent said.
“Every hedge fund would be jealous of them,” he said of the returns earned by California Democratic Rep. Nancy Pelosi and Oregon Democratic Sen. Ron Wyden.
Bessent is himself a former hedge fund manager.
“And you know, the American people deserve better than this. People shouldn’t
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