Mike Johnson Defends Congressional Stock Trading as Necessary to Support Families

About this episode

In this episode of what appears to be a Midas Touch Network program, the host delivers a sharp critique of President Trump's financial activities while in office, focusing on stock trading and cryptocurrency ventures that allegedly enriched him at the expense of ordinary Americans. The central revelation involves financial disclosures showing Trump made 22,000 stock trades in 2025 alone, contrasted with just 13 trades by Joe Biden during his entire four-year presidency. The host alleges Trump has tripled his net worth during his current term, earning over $2 billion from his crypto coin in what is characterized as a pump-and-dump scheme where investors collectively lost $2 billion. Specific examples of potentially problematic trades are highlighted, including Trump purchasing between $5-25 million in Nvidia stock just one week after his administration permitted the company to sell chips to China, and buying Palantir stock shortly before promoting the company on Truth Social. The episode includes interviews with Trump voters expressing frustration about the president getting richer while the middle class struggles. The host argues that while Trump claims crypto success using the pronoun "we," he personally out-earned major cryptocurrency firms like Coinbase in 2025. The episode also features House Speaker Mike Johnson defending congressional stock trading by arguing members need the income supplement since their salaries have been frozen since 2009, a position the host sharply criticizes as endorsing insider trading and abandoning the concept of public service.