Pro-Bitcoin Matt Gaetz says he’ll expose stock market corruption in US Congress
The post Pro-Bitcoin Matt Gaetz says he’ll expose stock market corruption in US Congress appeared on BitcoinEthereumNews.com.
Matt Gaetz, America’s newly-appointed Attorney General, is on a warpath. His latest target? Corruption in Congress. Gaetz has vowed to blow the lid off what he calls rampant stock market manipulation by lawmakers. He’s calling their actions “treason” and “betrayal,” accusing them of exploiting insider information to line their own pockets while the American public struggles with the consequences of their decisions. Gaetz’s plan? Drag every dirty detail into the spotlight. He’s set his sights on the STOCK Act, a law that was supposed to prevent insider trading by Congress members but is, according to Gaetz, rarely enforced. The law requires lawmakers to disclose their stock trades, but Gaetz argues it’s toothless. Violations are common, and penalties are little more than slaps on the wrist. Gaetz is calling out both Democrats and Republicans, promising to end the “business as usual” mentality on Capitol Hill. Inside the corruption: Stock trades and broken laws Gaetz says members of Congress are using their positions to make a fortune, exploiting confidential information they gain in closed-door meetings. He’s accusing them of playing the stock market like their own personal casino. “This is treason against the American people.” Gaetz is rallying bipartisan support to revisit and strengthen the STOCK Act. He wants tougher enforcement, real penalties for violations, and full public disclosure of every trade made by lawmakers. According to recent reports, questionable trading activity isn’t limited to one party. Both Democrats and Republicans have been flagged for suspiciously timed trades. Public opinion is squarely on Gaetz’s side. A recent poll shows that 76% of Americans believe lawmakers shouldn’t be allowed to trade stocks at all while in office. Gaetz’s crypto crusade and Bitcoin dreams Gaetz is also pushing legislation that would allow Americans to pay their federal taxes in Bitcoin. He calls it a…
Filed under: News - @ November 24, 2024 10:24 am