Senate Hearing on President Trump's Stock Trades

During a 2026 Senate Finance Committee hearing, Senator Elizabeth Warren (D-Mass.) questioned Treasury Secretary Scott Bessent about President Donald J. Trump’s stock trades. She cited a January 6 purchase of up to $1 million in Nvidia shares that preceded a week-later decision to loosen export controls on Nvidia chips to China, and purchases of Robinhood and Bank of New York Mellon (BNY) made before the Treasury announced those firms as partners in the “Trump Accounts” program on April 6. Warren asked whether the transactions should trigger SEC investigation, recalling Bessent’s comment that citizens trading with returns comparable to members of Congress would invite SEC scrutiny.

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Trump bought up to $1 million of Nvidia stock on Jan 6 2026; a week later the administration eased export controls for Nvidia chips to China. On Apr 6 2026 the Treasury named Robinhood and BNY as partners in the “Trump Accounts” program, after which Trump’s holdings in both firms rose. Financial disclosures show more than 3,400 trades worth about $250 million in Q1 2026, while another source cites “over 3,600” trades, a total roughly half of combined activity of all 535 members of Congress in the prior year.

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Warren urged that the president be subject to SEC standards applied to private investors and called for an investigation. Bessent replied that Trump does not personally conduct trades, noting an outside manager’s role, and urged Congress to address its own conflicts before extending oversight to the executive branch, saying Congress must “clean up its own act” first.

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Bessent said Congress must “clean up its own act” and avoided comment on the president’s trades. Warren noted she holds no stocks and called the president’s conduct “enriching himself by taking advantage of his position.”

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Sources differ on the number of Trump’s trades, citing either more than 3,400 or over 3,600 transactions. No SEC statement confirming a formal inquiry has been released, and public evidence of insider knowledge remains unverified.

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• “Should the SEC be knocking on President Trump's door?” — Elizabeth Warren, Senator

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• “I would like to see the president of the United States lead by example,” — Elizabeth Warren, Senator

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• “I think it's incumbent upon both houses of Congress to get their house in order before you move to the administrative branch.” — Scott Bessent, Treasury Secretary

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• “Get your house in order, Senator.” — Scott Bessent, Treasury Secretary

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Warren called for an SEC review of the trades, while congressional proposals to bar stock trading by the president and lawmakers remain under consideration. Oversight hearings are expected as the Treasury and SEC assess possible actions.

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