Washington D.C. – Former House Speaker Nancy Pelosi has publicly denied allegations of insider trading, asserting that no member of Congress is involved in such illicit activities. The statement comes amidst long-standing scrutiny over the stock trading activities of lawmakers and their spouses, particularly those of Pelosi's husband, Paul Pelosi.
According to a tweet from Polymarket, Pelosi stated, "Nancy Pelosi denies allegations of insider trading, claims no one in Congress is engaging in it." This denial addresses persistent accusations that her family's well-timed stock transactions benefit from her political position and access to non-public information.
Paul Pelosi, a venture capitalist, has been the subject of numerous reports detailing significant and often highly profitable stock and options trades. These include notable investments in technology giants like Nvidia, Google, Apple, and Microsoft, with some transactions occurring shortly before major company announcements or legislative actions impacting those sectors. Critics and market watchdogs frequently highlight the uncanny timing of these trades.
The financial dealings of congressional members and their families have fueled a bipartisan push for stricter regulations on stock ownership and trading. The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 was enacted to combat insider trading by lawmakers, yet calls for a complete ban on individual stock trading for members of Congress continue to gain traction. Several legislative proposals aimed at strengthening these rules have been introduced.
Despite the ongoing public and political debate, Nancy Pelosi has consistently maintained that her husband's investment decisions are independent and not influenced by her legislative work. The substantial wealth accumulated by the Pelosis, largely attributed to these successful investments, has kept the issue in the spotlight, leading to the creation of public trackers and even exchange-traded funds (ETFs) designed to follow congressional stock trades.