Outgoing Florida Representative Matt Gaetz has announced plans to expose alleged corruption and misconduct related to insider trading in Congress.
On Friday, Gaetz took to X to hint at forthcoming revelations, tweeting:
Stock trading is such a huge part of Congress. It shouldn’t be. I can’t wait to tell all these stories of corruption, treason and betrayal. Coming soon.
Stock trading is such a huge part of congress.
It shouldn’t be.
I can’t wait to tell all these stories of corruption, treason and betrayal.
Coming soon. https://t.co/ylTCFuBm1M
— Matt Gaetz (@mattgaetz) November 22, 2024
EconoTimes reports on Gaetz’s promise to reveal corruption and betrayal related to his allegations of unethical stock trading practices:
In a move that has sparked controversy, Gaetz accused members of Congress of exploiting insider information to gain financial advantages in stock trading. While specific names and evidence have yet to be disclosed, his claims have reignited longstanding concerns about conflicts of interest among elected officials.
“This level of corruption is unsustainable,” Gaetz said in a recent public appearance, emphasizing the need for greater transparency and accountability. He added that this effort is not aimed at partisanship but at exposing the root of unethical practices in Washington.
The congressman’s remarks have drawn attention to the STOCK Act (Stop Trading on Congressional Knowledge Act), a law enacted in 2012 requiring lawmakers to disclose their financial trades. Critics argue the law is poorly enforced, allowing potential violations to go unchecked.
Gaetz’s announcement has ignited a firestorm of reactions online, with netizens taking to social media to express their opinions. Here’s what users had to say:
Matt Gaetz is going to expose them all!!
Get ready 🍿
🔥🔥🔥 pic.twitter.com/lO4B7GQR2k
— TONY™ (@TONYxTWO) November 22, 2024
BREAKING: Matt Gaetz says he plans to expose insider trading, corruption and betrayal in members of Congress
Do you think he should go for Pelosi first? pic.twitter.com/luuczzsvOe
— Wake Up America (@_wake_up_USA) November 22, 2024
The announcement comes as Gaetz, a staunch ally of President-elect Donald Trump, confirmed he will not seek to return to Congress. Speaking earlier with conservative commentator Charlie Kirk, Gaetz explained his decision to step away from public office. He emphasized his desire to support Trump’s administration in other capacities, saying:
We need a leadership structure under President Trump that’s going to allow for durability of our movement… And so I’ll play a part in that. I plan to be a big voice, but maybe not as an elected member of the government.
Gaetz’s departure follows his resignation from Congress after being considered as Trump’s top pick for attorney general—a nomination that ultimately faltered due to insufficient Senate support for confirmation.
Focus Shifts to Congressional Ethics
Gaetz’s comments have sparked speculation about the extent of the alleged misconduct he plans to reveal. Congressional stock trading has long been a controversial issue, with bipartisan calls for stricter rules to prevent conflicts of interest.
AOC, Matt Gaetz team up, back bill to ban Congress member stock trades https://t.co/1THOF8pGHQ pic.twitter.com/Jk1bmA8cXH
— New York Post (@nypost) May 2, 2023
Some political analysts suggest that Gaetz may find greater freedom to challenge entrenched practices outside of elected office, where he is not bound by the constraints faced by sitting lawmakers.
This article originally appeared on American Liberty News. It is republished with permission.
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