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AI & Enterprise

Six U.S. House members, families bought SpaceX shares after listing, raising conflict-of-interest questions

Six U.S. House members or their family members bought SpaceX shares shortly after the company’s IPO, fuelling conflict-of-interest concerns. Several of those involved sit on committees overseeing defence, space, AI and financial markets linked to SpaceX. No evidence has emerged of insider trading or rule-breaking, and the trades are legal under current law. Critics and ethics experts say overlapping oversight roles and personal investments can still create conflicts.

Crypto

U.S. House passes bill to curb lawmakers\' stock trading using insider information

The U.S. House of Representatives passed a bill that would ban members of Congress, their spouses and dependent children from buying newly listed stocks. The House approved the Stop Insider Trading Act in a 232-198 vote and sent it to the Senate. The bill aims to prevent lawmakers from profiting from stock trades using insider information and would impose strict penalties for violations. Some Democrats criticised it as insufficient to address conflicts of interest.