Several Senators Accuse Donald Trump of Market Manipulation After He Reportedly Suggested Buying DJT Stocks

Amid the global tariff war, US President Trump recently announced a 90-day tariff suspension, giving the market much-needed relief.

Amid the global tariff war, US President Donald Trump recently announced a 90-day tariff suspension, giving the market much-needed relief. However, a few hours before the 90-day tariff suspension announcement, Trump tweeted, “Now is a great time to buy stocks!” and ended the tweet with the abbreviation “DJT,” which was interpreted by the public as possible insider trading. In response to this, several senators have called for a congressional investigation into whether Trump was involved in insider trading or market manipulation.

Donald Trump and the ‘DJT’ Controversy

I’m calling for an investigation into whether President Trump manipulated the market to benefit his Wall Street donors—all while working people and small businesses paid the price.

Did Trump help insiders cash in on his tariff flip-flopping? It sure looks like corruption.

— Elizabeth Warren (@SenWarren) April 9, 2025Senator Elizabeth Warren wrote on X, “I’m calling for an investigation into whether President Trump manipulated the market to benefit his Wall Street donors—all while working people and small businesses paid the price.” The backlash from opposition has fueled allegations against Trump. Note that, apart from being his initials, “DJT” is also the stock symbol of his media company.

Market data reveals that the stock price of Trump Media & Technology Group surged nearly 22% after the tariff suspension announcement on the 9th and another 5% in early trading on the 10th. Previously, Trump’s net worth had been slashed by $1 billion due to the tariff plan, with the biggest loss coming from his most valuable asset, the Trump Media & Technology Group.

Trump’s Crypto Project, WLFI in Trouble?In addition to this controversy, the Trump family-backed crypto project, World Liberty financial (WLFI) had long been under scrutiny by Democrats, with many calling it wrongful for a President to be involved in a speculative crypto project. Long-time crypto critic Warren even called on the US Office of Government Ethics and financial regulatory agencies to investigate the ethical and regulatory implications of the $TRUMP token and $MELANIA, saying that the memecoins bear conflict of interest risks to the President.

Other such instances have also managed to ruffle the feathers of Trump’s political opponents in the past, especially as several administrative members, including David Sacks and Paul Atkins, have previously been involved in crypto businesses personally. Recently, Warren once again raised concerns about potential conflicts of interest involving AI and Crypto Czar, David Sacks.

Moreover, Eric Jr. Trump’s random pitch for buying Bitcoin and Ethereum has appeared as a ‘lobbying tactic’ directed toward crypto market manipulation, according to several critics. Notably, Eric Trump had recently posted on X saying it was a “great time to buy” ETH in February when it traded at $2,880.

Amid constant slamming, the question is if the Trump family-backed crypto project ‘World Liberty Financial’ (WLFI) could be next on Senators’ radar?

Also Read: Donald Trump Signs Crypto Bill, Blocking IRS From Targeting DeFi Platforms