{"id":2211625,"date":"2024-04-02T17:12:02","date_gmt":"2024-04-02T21:12:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/msnbc-panel-suggests-sec-should-wage-lawfare-campaign-against-trump-for-truth-social-stock-boom\/"},"modified":"2024-04-02T17:53:55","modified_gmt":"2024-04-02T21:53:55","slug":"msnbc-panel-suggests-sec-should-wage-lawfare-campaign-against-trump-for-truth-social-stock-boom","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/msnbc-panel-suggests-sec-should-wage-lawfare-campaign-against-trump-for-truth-social-stock-boom\/","title":{"rendered":"MSNBC panel proposes SEC launch legal battle against Trump over Truth Social stock surge"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmsnbc-panel-suggests-sec-should-wage-lawfare-campaign-against-trump-for-truth-social-stock-boom%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2211625&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The Biden administration&#8217;s attempts to impact Trump&#8217;s 2024 presidential \u2064run through legal maneuvers \u200dface \u2062setbacks. An \u2063MSNBC panel\u200c suggests the SEC take action against Trump over profit from Truth Social. \u200cThe stock&#8217;s rapid decline raised concerns. Panelists insinuated stock manipulation and potential influence on the election. The \u2063discussion aimed to push SEC involvement in targeting \u2062Trump. The Biden administration&#8217;s efforts to influence Trump&#8217;s 2024 presidential\u200b campaign\u2064 via legal means are encountering challenges. An\u2062 MSNBC panel recommends that the SEC investigates Trump for profiting from Truth Social. The sudden \u200bdrop in the\u2063 stock&#8217;s value has\u2063 sparked worries. Panel \u2064members implied potential stock manipulation and\u200b its impact \u2062on the election. The conversation sought to \u200burge the SEC to scrutinize Trump.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<div>\n<figure>\n<p>         <span>Image Credit<\/span>Screenshot\/Grabien       <\/p>\n<\/figure><\/div>\n<p>The Biden administration\u2019s strategy of politicizing the justice system to knock former President Donald Trump out of the 2024 presidential race has repeatedly hit roadblocks, so an MSNBC panel on Tuesday called on the Securities and Exchange Commission (SEC) to wage its own lawfare campaign against Trump for having a successful trading day.<\/p>\n<p>Trump\u2019s \u201cTruth Social\u201d app went public on March 25, with the company\u2019s valuation reaching $13 billion, according to the <a href=\"https:\/\/www.ft.com\/content\/5fdd8a48-ce51-4e3b-b450-49fce86f37d9\" target=\"_blank\" rel=\"noreferrer noopener\">Financial Times<\/a>. The stock lost $4 billion in value by Tuesday, according to <a href=\"https:\/\/www.cbsnews.com\/news\/trump-truth-social-djt-stock-down-losses-revenue-going-concern\/\">CBS News<\/a>.<\/p>\n<p>Still, MSNBC seemingly had a meltdown that the current lawfare campaign against Trump has yet to be fruitful and that Trump making money off his app would benefit him in the election. The panel appeared to insinuate the SEC should try and kneecap the former president by launching its own investigation.<\/p>\n<p>\u201cTo the extent it makes any money, the revenue number, the amount of money this company makes, is $4 million. That\u2019s it. That\u2019s all this company makes and it\u2019s being valued in the billions of dollars, I mean literally something like 2,000 times the revenue number,\u201d CNBC\u2019s Andrew Ross Sorkin said. \u201cAnd then the whole thing is absurd. Why the SEC does not think there\u2019s some kind of stock manipulation going on, by the way, but clearly this is one of these almost meme-like stocks where there\u2019s clearly a group of people that are trying to push up the price to almost transfer money potentially to the former president.\u201d<\/p>\n<figure><\/figure>\n<p>MSNBC\u2019s Stephanie Ruhle said the stock surge was driven by \u201cthat whole kind of Wall Street Bets, Trump loyalists \u2026 saying \u2018I\u2019m going to take this thing to the moon.\u2019 But the other group that could be more dangerous, what an unbelievable transfer of money, right? Unofficial payments, unregulated, almost political donations that nobody\u2019s going to track. And that\u2019s when people are looking at the SEC saying, \u2018Are you kidding me?&#8217;\u201d<\/p>\n<p>Sorkin then alleged \u201cthis is one of those true manipulations of sorts \u2026 People have been trying to push up the price almost like in a pyramid-like way to try to get money to the president to try to, effectively, influence the outcome of the election.\u201d<\/p>\n<p>\u201cAnd why nobody\u2019s going, \u2018What is going on here?\u2019 makes no sense,\u201d Sorkin continued. <\/p>\n<p>The panel discussion was a thinly veiled attempt to encourage the politicization of the SEC to target Trump, evidenced by Sorkin\u2019s hypothesis that the Truth Social stock could \u201cinfluence the outcome of the election.\u201d<\/p>\n<p><strong>[READNEXT:[READNEXT:<\/strong> <a href=\"https:\/\/thefederalist.com\/2024\/03\/27\/leftists-bragged-about-fortifying-the-2020-election-now-theyre-flaunting-plans-to-do-it-again-in-2024\/\"><strong>Leftists Bragged About \u2018Fortifying\u2019 The 2020 Election. Now They\u2019re Flaunting Plans To Do It Again In 2024<\/strong><\/a><strong>]<\/strong><\/p>\n<p>Democrats and corporate media have cheered on the lawfare campaign being waged against the former president from its outset. While Trump is forced to spend valuable time <a href=\"https:\/\/thefederalist.com\/2024\/03\/15\/dragging-trump-into-court-while-biden-campaigns-is-election-interference-regardless-of-verdict\/\" target=\"_blank\" rel=\"noreferrer noopener\">sitting in courtrooms<\/a>, President Joe Biden gets to hit the campaign trail \u2014 a poignant reminder that Democrats\u2019 strategy to use the justice system to fend off an opponent is election interference regardless of how the prosecutions turn out.<\/p>\n<p>But it\u2019s not just time off the campaign trail hindering Trump\u2019s ability to run a fair campaign. The former president was <a href=\"https:\/\/thefederalist.com\/2024\/03\/26\/trumps-reduced-bond-doesnt-make-letitia-james-election-meddling-lawfare-any-less-scandalous\/\" target=\"_blank\" rel=\"noreferrer noopener\">saddled with an exorbitant bond<\/a> to appeal a decision that found him liable for inflating his net worth to secure loans even though there were no victims and the loan providers were fully satisfied with their partnership. The case was brought by New York Attorney General Letitia James who <a href=\"https:\/\/apnews.com\/article\/trump-fraud-new-york-letitia-james-lawsuit-a3a2c2569440c24bd5c5262103cb8390#\" target=\"_blank\" rel=\"noreferrer noopener\">campaigned<\/a> on using <a href=\"https:\/\/www.politico.com\/news\/2022\/09\/21\/james-lawsuit-trump-longstanding-battle-00058128\" target=\"_blank\" rel=\"noreferrer noopener\">lawfare<\/a> to target Trump and called him an \u201cillegitimate president.\u201d<\/p>\n<p>Biden has <a href=\"https:\/\/thefederalist.com\/2024\/03\/28\/democrats-have-a-new-joke-about-bankrupting-donald-trump-along-with-the-rest-of-america\/\" target=\"_blank\" rel=\"noreferrer noopener\">even tried to mock Trump<\/a> for being the victim of lawfare promulgated by the DOJ under Merrick Garland, telling voters that, amid an uncertain economy, Trump is suffering from \u201ccrushing debt\u201d alongside them.<\/p>\n<hr>\n<p>      Brianna Lyman is an elections correspondent at The Federalist.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration&#8217;s efforts to hinder Trump&#8217;s 2024 bid through the justice system have faced obstacles. MSNBC panel suggests SEC should target Trump via legal tactics for his stock success<\/p>\n","protected":false},"author":74,"featured_media":2211626,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-02-at-4.28.53-PM-e1712089889689.png","fifu_image_alt":"MSNBC panel proposes SEC launch legal battle against Trump over Truth Social stock surge","footnotes":""},"categories":[546],"tags":[],"class_list":["post-2211625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-02-at-4.28.53-PM-e1712089889689.png","fifu_image_alt":"MSNBC panel proposes SEC launch legal battle against Trump over Truth Social stock surge","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2211625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2211625"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2211625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2211626"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2211625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2211625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2211625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}