President Trump used his Truth Social account late Saturday to accuse former House Speaker Nancy Pelosi and her husband Paul of making more money in 2024 than “every hedge fund” on Wall Street, according to comments he posted online.
He said the couple, who he called “very average minds,” had beaten “thousands” of professional investors and hedge fund managers. Trump claimed it was all done through “inside information” and questioned why no investigation had been launched. He also reminded followers that Nancy impeached him twice “on no grounds” and lost.
Trump’s attack came a few days after he directed sharp criticism at Senator Josh Hawley over his Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act.
The bill passed the Senate Homeland Security and Governmental Affairs Committee in an 8–7 vote last Wednesday, with Hawley siding with every Democrat. Trump accused Hawley of helping Democrats “target” him and described the senator as a “pawn” despite having supported his elections twice.
“I don’t think real Republicans want to see their President, who has had unprecedented success, targeted because of the whims of a second-tier senator named Josh Hawley,” Trump wrote.
Hawley clashes with Republicans during committee vote
The PELOSI Act would bar members of Congress from owning or trading individual stocks. It also covers the president and vice president, but with a phase-in period ensuring Trump and Vice President JD Vance would not be directly affected.
The language didn’t stop Trump from questioning Hawley’s motives. He said the bill was “great” for Nancy and Paul but “so bad” for the country, and wondered why Hawley would back something Nancy “is in absolute love with.”
During the committee hearing earlier that day, Hawley faced pushback from Senator Rick Scott, a close Trump ally and the wealthiest member of the Senate.
Scott argued it was wrong to “attack people because they make money,” but agreed Congress should not be trading stocks. He said Hawley’s bill was “way different” and raised concerns about how to handle illiquid assets under the proposal. Hawley reminded Scott that he had supported the same provision last year.
Committee Chairman Rand Paul also opposed moving the legislation forward, but Hawley still advanced it. Trump criticized Hawley for siding with Democrats to block a review into Nancy’s stock trading history over the last 25 years, a review supported by Scott and most other Republicans.
Trump calls for Pelosi investigation, Hawley backs prosecution
Speaking to reporters hours before his Truth Social post, Trump said he liked the idea of a trading ban “conceptually” but would need to review the details. He said Nancy “became rich by having inside information” and “made a fortune with her husband,” calling it “disgraceful.” He added, “What I do think is Nancy Pelosi should be investigated.”
Paul has made millions over decades as a venture capitalist, building an estimated net worth of $262 million with Nancy, according to Quiver Quantitative. Critics, especially Republicans, have argued his trades present a conflict of interest given Nancy’s long-time influence in Congress.
Hawley later told Fox News that Nancy “should not just be investigated, but prosecuted,” and said it “needs to be illegal” to profit from trading on nonpublic information.
A spokesperson for Nancy rejected Trump’s claims, saying she owns no stocks and has no prior knowledge or involvement in her husband’s transactions.
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