"Hedge funds envy", U.S. Treasury Secretary calls for breaking the financial path of the 'Gods of Congress Mountain'.

date
14/08/2025
In the U.S. Capitol, responsible for legislative work, there are constantly emerging "stock market gods". However, these people have already caught the attention of others. On August 13th local time, U.S. Treasury Secretary Yellen called for a ban on members of Congress from trading individual stocks in an interview with Bloomberg. Analysts from "Politico" believe that this move may further drive legislative efforts in recent months to prohibit such behavior. "Just look at the stunning returns, and you can understand the credibility of the House and Senate - whether it's Speaker Pelosi or Senator Wyden, every hedge fund will envy them," said Yellen, a former well-known Wall Street hedge fund investor. "The American people deserve better than this." "People shouldn't come to Washington to get rich, they should come to serve the American people," Yellen also said. "This will decrease people's trust in the system. Because I can tell you, if any ordinary citizen traded in this way, the U.S. Securities and Exchange Commission would come knocking on their door."