Only two Republicans in Congress reported purchasing stock in Trump Media & Technology Group’s parent company, Digital World Acquisition Corp. These lawmakers, Rep. Larry Bucshon and Rep. Marjorie Taylor Greene, have differing outcomes with their investments. Greene, known for her staunch support of Trump, appears to have sold her shares a year after purchasing them, while Bucshon still owns his shares in his Roth IRA.
The data on lawmakers’ stock trades was obtained from three websites and verified by Forbes. Greene purchased between $15,000 and $50,000 worth of Digital World shares in October 2021 but reported holding only $1,000 to $15,000 worth of shares by the end of the year. She did not report the sale of her shares in her 2022 disclosure, leading to questions about what happened to her investment.
One possible explanation for the disappearance of Greene’s shares is that they may have been transferred to her ex-husband or children in connection with her divorce in 2022. However, this explanation has not been confirmed, and her spokesperson declined to provide further details on the matter. In contrast, Bucshon’s purchase of $1,000 to $15,000 worth of Digital World shares in his Roth IRA in October 2021 remains intact, making it the only individual stock in his portfolio.
Lawmakers are required to report their ownership, purchase, and sale of assets worth more than $1,000, but transactions solely between the reporting individual and their spouse or dependent children are exempt from disclosure. Greene’s divorce from her husband, Perry Greene, in 2022 raises the possibility that her Digital World shares were transferred to another account without necessitating disclosure. However, without confirmation from Greene or her ex-husband, the fate of her shares remains unclear.
Overall, Republicans in Congress have shown little interest in investing in Trump Media & Technology Group, despite their support for Trump in other aspects. With only two lawmakers reported to have purchased shares in the company, questions remain about the future of their investments and the reasons behind their decisions. As the company continues to operate and grow, it will be interesting to see if more lawmakers choose to invest in Trump’s latest venture or if they remain hesitant to do so.
