Senator Admits There's No Evidence For Latest Allegations Against President Trump: 'Just The Opportunity'

Just as they did throughout his first term, Democratic lawmakers are devoting an awful lot of their time to cooking up accusations they can use against President Donald Trump.

In response to the latest ups and downs on Wall Street, a number of prominent leftists have begun openly questioning whether the president was essentially guilty of insider trading.

When Sen. Richard Blumenthal (D-CT) was pressed to back up those claims, however, he hemmed and hawed without producing a shred of evidence. When asked by one reporter if there was any, he could only reference vague “indications of manipulation.”

The Daily Caller chronicled his efforts to backtrack on prior Democratic remarks:

Stocks climbed sharply higher after Trump announced a 90-day pause on reciprocal tariffs via a Wednesday post on Truth Social that also announced substantial increases in tariffs on Chinese exports to the United States, saying 75 countries had asked to talk. Blumenthal was asked if he had any proof that Trump or administration officials had engaged in improper trades.

“Just the indications and trading patterns and the knowledge that people in the White House, this administration had prior knowledge of what the president would do,” Blumenthal said. “It’s at least the mandate for some kind of investigation.”

“I’m not alleging there has been market manipulation or insider trading, just the opportunity and indications of it,” Blumenthal continued. “And there should be an inquiry into what exactly happened.”

Here’s a clip of Blumenthal’s remarks:

Senate Democrats are buckling down on the “insider trading” narrative👇

REPORTER: “Have you seen any direct evidence of insider trading…?”

SEN. BLUMENTHAL: “Just the indications and trading patterns….” pic.twitter.com/7bToQGfXMh

— Daily Caller (@DailyCaller) April 10, 2025

And here are some of his Democratic colleagues dishing out their own brands of innuendo:

Is Donald Trump's inner circle illegally profiting off of these huge swings in the stock market by insider trading?

Congress must find out. pic.twitter.com/ZZGX99PtFE

— Adam Schiff (@SenAdamSchiff) April 9, 2025

An insider trading scandal is brewing.

Trump's 9:30am tweet makes it clear he was eager for his people to make money off the private info only he knew. So who knew ahead of time and how much money did they make? pic.twitter.com/AJbtEq372n

— Chris Murphy 🟧 (@ChrisMurphyCT) April 10, 2025

Top Trump officials have responded to the allegations, though, insisting that none of the president’s trade-related decisions have had anything to do with the direction of the stock market, per the Daily Mail:

White House press secretary Karoline Leavitt took a swipe at reporters outside the West Wing Wednesday, pushing that President Donald Trump’s wild turnaround on reciprocal tariffs was all part of a plan.

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Many of you in the media clearly missed the Art of the Deal. You clearly failed to see what President Trump is doing here.

Her comments came as she stood alongside Treasury Secretary Scott Bessent after Trump reversed course on implementing the tariffs – keeping all tariffs at just 10 percent and pausing the higher reciprocal rates, while raising tariffs on Chinese goods.

The Art of the Deal is the name of Trump’s best-selling 1987 business book.