Vance responds to Trump's stock trading controversy: President will not personally trade stocks, supports banning insider trading by lawmakers BlockBeats News: On May 21st, US Vice President Vance responded to the controversy surrounding Trump's stock trading at a press conference, stating that Trump is very wealthy and will not personally engage in stock trading. His investments are managed by independent wealth advisors. Previously, the US Government Ethics Office disclosed that Trump's account conducted approximately 3700 stock transactions in the first quarter of this year, involving companies such as Palantir, Dell, Micron, and others. After some of the transactions occurred, Trump mentioned the relevant companies in public speeches or on social media, raising doubts about conflicts of interest from the outside world. Vance denied that Trump was directly involved in the transaction and said, 'The President wouldn't sit in the Oval Office and open Robinhood to buy and sell stocks, it's ridiculous.'. The Trump Organization has previously stated that its investment portfolio is independently managed by third-party financial institutions through automated processes. Vance also stated that both he and Trump support banning members of Congress from trading stocks using non-public information obtained through public office. Previously reported, the latest disclosure document from the Office of Government Ethics (OGE) in the United States showed that President Trump conducted large-scale financial transactions in the first quarter of 2026, with a total transaction size of approximately $220 million to $750 million. There were 3642 stock related transaction records, including 2346 buy and 1296 sell transactions. The document does not disclose specific transaction execution details and profit and loss situations, only showing the range and quantity of transaction amounts. [Original link]