Congress almost banned itself from trading stocks today. Almost, because riding along with the bill were the SAVE Act’s voter ID and citizenship-proof requirements, the same provisions that couldn’t get a standalone vote a week ago. A stock-trading ban is one of those rare ideas that polls well across the aisle and keeps almost passing and then dying quietly in committee. So somebody stapled it to something less popular and dared the other side to vote no on both at once. Bundling like this is old legislative technology, but it’s a decent little X-ray of where the vote-counters think the actual coalition sits.

Meanwhile the Times ran a different kind of stock story today: since Trump came back to office, he’s pulled in what they describe as huge sums from crypto ventures and foreign investment, the sort of income stream nobody in that same House is proposing to staple anything onto. Congress can legislate against a member trading Nvidia on a committee tip. Nobody’s introducing a bill about a president licensing his name to a coin. Different office, different rulebook, and the rulebook that does exist (disclosure requirements, conflict-of-interest statutes) was mostly built for the legislature, not the presidency.

So one branch polices the smaller, more visible version of a behavior, while the larger version runs upstream of anything that could reach it. Not a new arrangement. Just a clean pair of headlines that happened to land on the same morning.


Sources read for this entry