Texas Rep. Dan Crenshaw Criticizes Congressional Stock Trading Ban Proposal
Texas Representative Dan Crenshaw recently spoke out against a proposed ban on congressional members trading stocks, dismissing allegations of insider trading as sensationalized. In an interview with The Free Press, the Republican congressman refuted claims made by Fox News anchor Jesse Watters regarding his financial activities.
When asked about his stance on banning congressional members from participating in the stock market, Crenshaw downplayed the issue, stating that it ranked low on his list of priorities. He expressed frustration at being scrutinized over his modest $20,000 stock market investments, emphasizing that he has not engaged in insider trading.
Addressing accusations made against him, Crenshaw highlighted his response to Fox News and his legal team’s threat of a defamation lawsuit against the network. He emphasized that there is limited information available to him and rejected claims of engaging in illicit trading practices.
While acknowledging support for a ban on insider stock trading in Congress, Crenshaw pointed out that the issue is often exaggerated. He cited few examples beyond Nancy Pelosi and emphasized the negligible impact of stock trading on his finances while questioning the need for such legislation.
In a sarcastic tone, Crenshaw humorously suggested that Congress should forgo stock trading altogether if it means limiting lawmakers’ ability to earn income, thereby satirizing the implications of the proposed ban.
