‘That’s Disgraceful’: Trump Says Nancy Pelosi Should Be Investigated For Insider Trading

President Donald Trump said on Wednesday that former House Speaker Nancy Pelosi (D-CA) should be investigated for insider trading.

The former speaker, along with her venture capitalist husband, has faced allegations of insider trading as her investments outperformed almost every major hedge fund in 2024, the New York Post reported.

“You know, Nancy Pelosi became rich by having inside information. She made a fortune with her husband, and I think that’s disgraceful,” Trump said during a press conference at the White House.

“And what I do think is Nancy Pelosi should be investigated, because she has the highest return of anybody practically in the history of Wall Street, save a few,” Trump added. “And how did that happen? It happened by she knows exactly what’s gonna happen, what’s gonna be announced, she buys stock, and then the stock goes up after the announcement’s made. And she ought to be investigated.”

.@POTUS: "Nancy Pelosi became rich by having inside [trading] information. She made a fortune with her husband — and I think that's disgraceful … She ought to be investigated." pic.twitter.com/N8ydC2jGhF

— Rapid Response 47 (@RapidResponse47) July 30, 2025

Pelosi denied Trump’s allegations, calling them “ridiculous.”

“In fact, I very much support [stopping] the trading of members of Congress, not that I think anybody’s doing anything wrong. If they are, they are prosecuted, and they go to jail,” Pelosi said during an interview on CNN.

“But I have no concern about the obvious investments that have been made over time,” she added. “I’m not into it, my husband is, but it isn’t anything to do with anything insider.”

Trump’s comments come as the White House pushes back on Sen. Josh Hawley’s (R-MO) legislation moving through Congress that bans members of Congress, presidents, and vice presidents from trading stocks. Earlier on Wednesday, Trump said he “conceptually” supported the bill and said he would “take a look at it,” but later, he sounded off on social media, ripping Hawley for voting with Democrats and saying that the senator “blocked a Review, sponsored by Senator Rick Scott, and with the support of almost all other Republicans, of Nancy Pelosi’s Stock Trading over the last 25 years.”

In order to get Democrats on board and get the bill out of committee, Hawley added bans on stock trading for the president and vice president, Axios reported. Hawley’s legislation includes a carve-out for Trump and would not require the president to divest his holdings for the remainder of his term, POLITICO reported. Hawley emphasized that carve-out and told reporters, “Listen, I want the President to sign the bill, so I’m happy to do whatever it would take to get him to say, ‘Yes, this is good.’”

A Senate panel advanced this version of the bill on Wednesday. Hawley voted with Democrats to advance the bill, with the other Republicans voting against it. It could now get a vote by the full Senate, which has a 53-seat GOP majority.

Pelosi also endorsed the bill.

“We must have strong transparency, robust accountability and tough enforcement for financial conduct in office because the American people deserve confidence that their elected leaders are serving the public interest — not their personal portfolios,” Pelosi said in a statement. “I strongly support this legislation and look forward to voting for it on the Floor of the House.”

This article has been updated to include additional information on Hawley’s bill.