The post Politician who splashed over $3 million on Liberation Day trades just sold 250 stocks appeared on BitcoinEthereumNews.com.

United States Representative Jefferson Shreve has offloaded nearly all his stock holdings in a month. This development follows public criticism against the lawmaker sparked by a wave of high-value trades executed shortly after President Donald Trump’s “Liberation Day” tariff announcement. At the time, a section of the political class came under fire for allegedly profiting from a stock rally triggered by the pause of the April 2 trade tariffs. Some observers accused politicians such as Shreve of capitalizing on insider information to execute well-timed Congress trades.  Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal According to filings, Shreve sold approximately 250 individual stock positions tied to one of his charitable remainder trusts.  The divested assets include some of the market’s biggest names, including Apple, Microsoft, Nvidia, and Abbott Laboratories.  Notably, the sales of Apple and Microsoft shares reached $1 million, while Amazon sales were valued at $250,001 and $500,000. Some of Rep. Jefferson Shreve’s stock trades. Source: House Clerk Shreve’s defense  In response to the developments, a spokesperson for Shreve said the congressman had instructed his trust’s asset manager to divest the holdings “for the sake of transparency.” The statement also emphasized that Shreve has never traded personally held stocks while in office. “The Congressman wants to be transparent and clear that the trust assets will go to charity. <…> The transactions made by the trust are to the benefit of the trust — and not him personally,” the spokesperson said.  Shreve’s stock dealings were thrust into the spotlight earlier this year when investigative outlet NOTUS reported that trades associated with his trusts amounted to between $3.44 million and…

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Filed under: News - @ June 24, 2025 2:29 pm