Trump Faces Insider Trading Claims Over Tariff News
On April 16, Democratic Senator Chris Murphy made a pointed accusation on X, stating, “No doubt people close to Trump knew about the pause announcement and made disgusting amounts of money off insider trading.”
The Connecticut senator also suggested that the Department of Justice, now allegedly acting as Trump’s “political arm,” would be investigating — if not for its perceived loyalty to the president.
Representative Alexandria Ocasio-Cortez and other progressive Democrats echoed the sentiment, claiming that recent trades surrounding “Liberation Day” — when Trump paused a broad set of tariffs — bore the hallmarks of privileged access to market-moving information.
Liberation Day and Market Shock
The controversy stems from Trump’s unexpected decision to pause reciprocal tariffs on several key sectors after weeks of trade war escalation. The announcement caused significant market swings, including sharp rebounds in industries affected by the duties.
Critics argue that the sudden nature of the announcement gave certain investors — possibly those with insider connections — a significant edge in anticipating the market reaction. Trading patterns in the hours leading up to the announcement have now come under scrutiny.
Trump’s Financial Moves Raise Eyebrows
This isn’t the first time Trump’s economic policies and personal business dealings have overlapped. Just before his January 20 inauguration, Trump-linked entities launched several meme coins, including the official “TRUMP” token. While the official token had a built-in lockup period, other Trump-associated cryptocurrencies had looser controls.
Adding to the controversy is Trump Media’s (NASDAQ: DJT) high-profile partnership with Crypto.com to explore crypto ETFs and other digital asset investment products — an alliance that drew skepticism due to Trump’s direct influence over trade, tech, and financial regulations.
Questions Mount Around Ethics and Influence
The intersection of Trump’s political power and business ventures has reignited debate over the ethics of presidential influence. Critics say the potential for manipulation of market-sensitive information has only grown during his second term, especially amid ongoing financial turbulence.
While no formal investigation has been announced, pressure is mounting on regulators — including the SEC and DOJ — to examine trading patterns related to Trump’s latest tariff moves and assess whether any laws were broken.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
