Speaker of the U.S. House of Representatives Nancy. Nancy Pelosi. Figure: Retrieved from Pelosi’s Instagram (file photo)
The husband of US House Speaker Nancy Pelosi, Paul Pelosi, spent huge sums of money to buy chip stocks, which has raised doubts. According to a report by Fox Business Channel, Pelosi’s office responded to the matter on the 18th local time, saying that it had no prior knowledge and was not involved in the transaction. American netizens did not buy this comment.
“The Speaker does not own any stock, she has no prior knowledge, and is not involved in any transactions,” Pelosi’s office said in a response to Fox Business Channel. “To be clear, insider trading is a serious federal violation. Acts of criminal and civil law, the Speaker supports the Justice Department and the Securities and Exchange Commission to enforce the law. She has asked House Executive Committee Chair Zoe Lofgren to review lawmakers’ non-compliance with the Stock Act.”
American netizens did not buy this response from Pelosi’s office. Some netizens sarcastically said: “Pelosi has never been responsible for any of her violations in Congress, because all the faults are someone else’s.”
Others said: “The Pelosi couple used political influence to profit in the market and should be locked up.”
The “New York Post” recently published an article saying that Pelosi’s personal financial report released on the 14th of this month showed that her husband Paul purchased 20,000 shares of Nvidia on June 17, with a total market value of up to $5 million. Coincidentally, the U.S. House of Representatives just passed a competition bill in February this year to provide up to $52 billion in subsidies to the U.S. domestic semiconductor industry.
In June, a number of high-tech companies in the United States, including Nvidia, urged Congress to implement subsidies as soon as possible. According to the schedule, the Senate will vote on the bill as early as the 19th of this month. The progress of the whole thing makes the timing of Pelosi’s investment particularly “just right”, and also makes the “insider trading” issue of US congressmen once once more become a problem. the focus of public attention.
