United States Democratic Senator Chuck Schumer has said Democrats will ban stock trading by members of Congress and White House officials.
He disclosed this in a statement on his official X account in response to US President Donald Trump.
Trump had claimed in a post on his Truth Social platform that Schumer had pledged to end corruption in the US, particularly in Democratic-controlled states such as California.
Responding to Trump's comment, Schumer said he was referring to allegations against the US president, including his alleged 30,000 stock trades.
"I’m actually referring to your 30,000 stock trades (more than all Members of Congress combined), your Qatari-gifted luxury jet, your crypto scams, your Truth Social pay-to-play scheme, your billionaire-funded ballroom, your insurrectionist slush fund, and your pardons for big donors—just to name a few," he wrote.
He added that Democrats would investigate Trump's administration and hold his government accountable for alleged corruption.
"Senate Democrats will ban stock trading for all Members of Congress and White House officials, and hold you and your administration accountable for all the ways your rampant corruption has made life more expensive for families," he added.
This comes as Democrats gained control of the House of Representatives and the Senate in the recently concluded midterm elections.
Currently, Democrats lead in the US Senate with 55 seats, compared to 45 seats held by Republicans.
Earlier, Trump had directed his Vice President, JD Vance, to refocus his attention on domestic anti-fraud investigations in Democratic-controlled states rather than Iran.
Schumer vows to ban stock trading by US lawmakers, accuses Trump of corruption