WASHINGTON, Aug. 4 -- Sen. Alex Padilla issued the following press release:
U.S. Senator Alex Padilla (D-Calif.) introduced the Stop Corrupt Trading Act, legislation to prohibit any President or Vice President, and any entity in which they hold a substantial financial interest, from selling advance or exclusive access to the President's official or personal social media statements.
On August 1, Trump Media - of which the President owns more than 50% - launched a new scheme (https://apnews.com/article/trump-truth-social-media-insider-trading-posts-feeds-traders-25c2c5be926f2650d0610c84100cffb8) offering paying subscribers early access to Trump's social media posts for $100,000 per month. Trump's social media posts often generate market-mov...