Trump trades more than Congress combined

Since returning to office, Trump has made roughly 28,700 securities trades in 17 months, averaging 80 trades per market day. That's more than every member of Congress combined.

A new habit for Trump's second term

In his first term, Trump's disclosures focused on real estate and private businesses. Now he's actively trading bonds, bank securities, and stocks worth between 600 million and 1.86 billion dollars in 2025 alone.

Previous presidents used blind trusts

Since Lyndon Johnson, every president has used blind trusts, held index funds, or owned Treasuries to avoid conflicts of interest. Jimmy Carter even put his family peanut business in a blind trust.

White House claims independent management

The White House says third-party institutions manage the portfolio through computer-based model portfolios that replicate indexes like the Schwab 1000. But it won't say which institutions manage the accounts.

“There are no conflicts of interest”

Suspicious timing of some trades

Trump's account bought DoorDash stock before a White House tipped-worker event featuring DoorDash delivery. It sold hyperscaler stocks the day after a chip-tariff carveout leaked and bought energy stocks after the Iran war began.

Ethics lawyer: This is a huge problem

Richard Painter, Bush's former White House ethics lawyer, says Trump's ownership interest in the account creates a financial conflict regardless of who manages it. No previous president has actively traded stocks.

“I believe that that is a huge problem”

Congress passed a ban Trump endorsed

A House measure passed in July bans members, spouses, and dependent children from trading stocks. Trump endorsed it in his State of the Union, calling for it to pass without delay.

Trump rejected extending ban to president

When Senator Josh Hawley proposed extending the ban to the president and vice president, Trump called him a pawn and a second-tier senator. The proposal wouldn't have taken effect until 2029, after Trump leaves office.