Al Green Questions Treasury Secretary on Trump's DJT Stock Announcement

Al Green's Inquiry on DJT Stock

• 🎯 Rep. Al Green questioned Treasury Secretary Scott Bessent regarding a specific announcement made by President Trump concerning his stock, DJT.
• 💡 Green recalled instances where Trump's announcements about tariffs led to market declines, and his subsequent pauses resulted in market upticks.

Truth Social Announcement and Stock Value

• 📈 Hours before announcing a pause on tariffs, Trump posted on Truth Social, which he owns over 50% of, stating "It's a great time to buy DJT."
• 💰 Following this announcement, the stock value of Truth Social, represented by the symbol DJT, increased by approximately $415 million in a single day.
• ⚠️ Green highlighted that this stock had been performing poorly prior to this significant increase.

Call for Investigation

• 🔍 Green asked Secretary Bessent if this situation, where the president's stock is linked to his Truth Social message and experiences a substantial gain, should be investigated.
• ❓ Bessent responded negatively, stating "no sir," when asked if the situation warranted an investigation.

Market Impact and Potential Implications

• 🗣️ Green expressed that while Bessent mentioned all Americans benefited from the market rebound, he failed to acknowledge the sharpest increase of $415 million in DJT stock following the president's specific buy recommendation.
• ⚖️ Green argued that allowing the president to openly move markets and reap benefits could be seen as a "hustle" and gives him a license to manipulate markets at will.