Governor Gavin Newsom of California has publicly backed a federal ban on stock trading for the executive branch, stating it is necessary for transparency. His comments were made during a campaign event in New Hampshire as he considers a run for the presidency in 2028. This stance diverges from a Republican bill that restricts stock trading for lawmakers but does not include the president. Newsom's remarks highlight ongoing concerns about stock trading practices among politicians, particularly those involving former President Donald Trump.
Key facts
- Gavin Newsom supports a federal stock trading ban for the executive branch.
- His comments were made during a campaign event in New Hampshire.
- The House passed a bill restricting stock trading for lawmakers but not the White House.
- Trump has reportedly made nearly 30,000 trades since returning to the White House.
- The Stop Insider Trading Act passed the House but failed in the Senate.
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