'It Should Be Illegal': Trump's 1,156 July Stock Trades Involved AI, Big Oil, Weapons-Makers, and More

Donald Trump has been repeatedly ripped as "the most openly corrupt president in American history" by a range of critics, and the Republican faced fresh criticism on Tuesday after disclosing more than 1,100 securities transactions from July.

"The 1,156 purchases and sales totaled between roughly $79 million and $270 million," CNBC reported. "Purchases totaled at least $43.6 million, while sales came to at least $35.6 million... in what appears to be a broad reshuffling of his portfolio."

US Sen. Elizabeth Warren (D-Mass.), who has previously sounded the alarm over Trump's "unprecedented" trading, said on social media Tuesday that "it should be illegal for the president to trade individual stocks—period."

As Trump continues to rail against regulations on artificial intelligence, the filing with the Office of Government Ethics shows recent transactions involving tech giants including Alphabet, Amazon, Meta, Microsoft, Nvidia, and Oracle.

The president is also waging an illegal war on Iran with no end in sight, and those who manage his portfolio made trades involving military contractors such as GE Aerospace, Lockheed Martin, Northrop Grumman, Palantir, and SpaceX.

CNBC highlighted that the Northrop Grumman sale—worth $250,001 to $500,000—occurred the same day that "Trump signed an executive order tightening supply chain requirements for defense contractors and restricting waivers for certain critical materials sourced from China and other covered countries," though the disclosure does not include timing.

Iran has responded to Trump's war by restricting ship traffic through the Strait of Hormuz, which has caused fuel prices to surge worldwide. The president was accused of cashing in on the crisis he has created after he disclosed June stock transactions. The new filing shows more trades in oil and gas giants, including Chevron and ExxonMobil.

The Washington Sun pointed out that "Trump also purchased up to $500,000 worth of stock in Axon Enterprise, the manufacturer of Tasers, which has done tens of millions of dollars worth of business with US Immigration and Customs Enforcement and US Customs and Border Protection."

While "Trump is ostensibly aware of the contents of his portfolio, given that he personally certified his most recent disclosure, which bears his signature," the Sun noted, White House spokesperson Davis Ingle tried to dismiss any allegations of corruption in a statement to multiple outlets.

"President Trump's stock and bond portfolio is independently managed by third-party financial institutions," Ingle said. "All holdings are maintained in discretionary accounts and invested through computer-based model portfolios that automatically replicate recognized indexes, such as the Schwab 1000."

"Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold," he added. "All investment decisions are made entirely by independent managers. There are no conflicts of interest."

However, as the Sun highlighted, "a number of Trump's trades were disclosed more than 45 days after they were made—in violation of the Stop Trading on Congressional Knowledge Act, which also applies to top officials in the executive branch. It’s not the first time the president has run afoul of the stock trading law."

Despite bipartisan support at times, congressional efforts to fully ban trading by lawmakers, their dependents, and the president and vice president have been unsuccessful.

In July, 13 Democrats in the US House of Representatives helped Republicans pass a purported congressional stock trading ban— even though the bill wouldn't apply to Trump or Vice President JD Vance, and the GOP tacked on a voter suppression provision demanded by the president.

The Senate has not yet acted on the bill, officially called the Stop Insider Trading Act, and condemned by critics as "a Trojan horse."

Trump's disclosure came a week after Bloomberg reported that "Trump has traded more securities than every member of Congress combined since he returned to office" last year. From January 2025 to June 2026, lawmakers reported a collective 22,200 transactions while the president made nearly 28,700.

Sharing the reporting on social media last week, House Democrats wrote: "The American people deserve a president that serves their interests, not his own wallet."

Annual financial disclosures released this summer show that Trump pocketed at least $2.2 billion—over half of it from his family’s cryptocurrency grift—during his first year back in the White House.

Following that revelation, Warren, ranking member of the Senate Banking Committee, called on the chamber to pass legislation aimed at stopping "the president, vice president, senior administration officials, members of Congress, and their families from profiting off the crypto industry," and warned that a failure to do so "will only turbocharge Donald Trump's brazen crypto corruption."