Vance responds to Trump stock trading controversy: The president does not trade stocks personally and supports banning insider trading by members of Congress.

BlockBeats News, May 21 — At a press conference, U.S. Vice President Vance responded to questions about the controversy surrounding Trump’s stock trading, stating that Trump is very wealthy and does not personally conduct stock trades; his investments are managed by independent wealth advisors. Previously, the U.S. Government Ethics Office revealed that accounts under Trump’s name carried out approximately 3,700 stock trades in the first quarter of this year, involving companies like Palantir, Dell, Micron, among others. After some of these trades, Trump mentioned the related companies in public speeches or on social media, raising concerns about potential conflicts of interest.

Vance denied that Trump directly participated in the trading, saying: “The president is not sitting in the Oval Office opening Robinhood to buy and sell stocks — that’s absurd.” The Trump Organization also stated that its investment portfolio is independently managed by third-party financial institutions through automated processes. Vance further stated that both he and Trump support banning members of Congress from using non-public information obtained through their official duties to trade stocks.

Earlier reports showed that, according to the latest disclosure from the U.S. Government Ethics Office (OGE), U.S. President Trump conducted large-scale financial transactions in the first quarter of 2026, with a total transaction value between $220 million and $750 million. There were 3,642 stock-related trades, including 2,346 purchases and 1,296 sales. The documents did not disclose specifics of trade execution or profit and loss, only showing the range and number of trades.