President Donald Trump is taking direct aim at former House Speaker Nancy Pelosi and her husband, Paul, accusing them of insider trading after what he called an impossible financial performance in 2024.
“Crooked Nancy Pelosi, and her very ‘interesting’ husband, beat every Hedge Fund in 2024,” Trump wrote on Truth Social. “In other words, these two very average ‘minds’ beat ALL of the Super Geniuses on Wall Street, thousands of them. It’s all INSIDE INFORMATION!”
Trump questioned whether any authorities were investigating the matter and reminded his followers that Pelosi twice impeached him “on NO GROUNDS, and LOST,” calling her a “disgusting degenerate.”
The accusations tie into a long-running controversy over congressional stock trading that has fueled bipartisan calls for reform. Senator Josh Hawley (R-MO) has repeatedly accused Pelosi of using nonpublic information gained through her position in Congress to enrich herself and her family.
Speaking to Breitbart’s Alex Marlow earlier this year, Hawley pointed out that the Pelosis have amassed “hundreds of millions of dollars” despite Nancy Pelosi’s congressional salary never exceeding roughly $200,000. In his view, that kind of wealth accumulation “cannot be done following the law.”
“You don’t do it legally,” Hawley said bluntly. “And here’s the thing — Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically. So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable.”
Hawley is championing legislation to address the issue — the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. The bill would prohibit members of Congress and their immediate family members from buying or selling certain financial instruments while in office.
The measure, named directly after the former Speaker, is designed to close the loopholes that critics say allow lawmakers to profit from privileged, nonpublic information about upcoming legislation, regulatory decisions, or industry developments.
Hawley first reintroduced the PELOSI Act in January 2023 after Paul Pelosi purchased up to $5 million in shares of a semiconductor company at the same time the Senate was advancing legislation to massively subsidize the industry. The timing drew sharp criticism and renewed calls for stricter ethics laws.
Supporters of the bill argue that even the appearance of insider trading undermines public trust in government. They contend that lawmakers should be required to place their investments in blind trusts or divest from individual stocks entirely to prevent conflicts of interest.
Critics of Pelosi note that she has long resisted such measures, defending her right to participate in the market while denying that her trades are influenced by confidential information. Still, the optics of repeatedly beating market benchmarks — and in 2024, outperforming every hedge fund — have given her opponents fresh ammunition.
For Trump, the issue plays directly into his broader campaign theme of fighting corruption and exposing what he calls the “rigged” political and economic systems in Washington. By framing the Pelosis’ trading record as the product of insider access, he is reinforcing his argument that America’s political elite operates under a different set of rules than ordinary citizens.
As the 2024 stock market results circulate and the PELOSI Act gains renewed attention, Trump’s accusations ensure the controversy remains in the headlines. Whether the claims lead to legal action or legislative change remains to be seen, but the political battle over congressional trading is clearly far from over.