On July 30, 2025, President Donald Trump called for an investigation into former House Speaker Nancy Pelosi (D-Calif.) for alleged insider trading during a White House press conference. Trump accused Pelosi of amassing wealth through non-public information, claiming her stock trades yielded returns rivaling top Wall Street investors. “Nancy Pelosi became rich by having insider information. She knows exactly what’s going to happen,” Trump said, highlighting her husband Paul Pelosi’s sale of $526,000 in Visa stock in July 2024, months before a DOJ antitrust lawsuit against the company. Trump’s remarks echo his September 2024 call for her prosecution, mistakenly stating the trade occurred one day prior.
Pelosi, whose net worth is estimated at $261 million by Quiver Quantitative, has faced scrutiny for trades in Nvidia and Alphabet, with a 2022 deal netting $1.06 million. Critics, including Trump, question how her investments consistently outperform the market, with some alleging she leverages congressional briefings. A July Rasmussen poll shows 46% of Americans distrust congressional financial dealings, fueling support for Trump’s stance. Pelosi endorsed the HONEST Act, which bans stock trading by Congress, the president, and vice president, stating it ensures leaders serve “the public interest, not their portfolios.”
Democrats, like Senator Adam Schiff, counter that Trump’s accusations distract from his own financial controversies, including meme coin trading. Legal experts note insider trading laws rarely apply to Congress, and no evidence directly ties Pelosi to illegal activity. The DOJ has not signaled action, but Trump’s push keeps the issue alive.
