“Family meme coins and all the rest of it are not beyond insider trading or enriching themselves.
Schiff’s comments regarding a formal inquiry, which has not been previously reported, came soon after the S&P 500 surged more than 9% Wednesday afternoon after Trump announced the tariff pause.
Schiff is the first Senator to openly call for a congressional investigation into potential insider trading by the Trump Administration in the aftermath of the President’s abrupt reversal on the implementation of new tariffs.
Read more: Trump Wants to Spin His Tariff Pause as a Win.
Schiff was later censured by a Republican-led House for his comments during the investigation.
After Democrats won the House in 2018, Schiff helped lead the charge to impeach Trump over a pressure campaign involving Ukraine.
Trump had threatened to withhold military aid to Kyiv unless its president announced an investigation into Joe Biden. »