Rep. Ro Khanna (D-CA), a prominent congressional advocate for banning lawmakers from trading individual stocks, reported selling shares of Nvidia before a national security scandal involving the company’s CEO broke, according to a financial disclosure tracker.
Trade With Congress, an account run by politician trade-tracker Altoneer, flagged Khanna’s Nvidia sale in his disclosure filings. The transaction came before reports surfaced that NVIDIA CEO Jensen Huang had been involved in a relationship with a woman suspected by U.S. intelligence of working for China’s government. Nvidia shares subsequently dropped as the company launched an internal probe and lawmakers sought answers.
Khanna’s Defense
Khanna has stated that neither he nor his immediate family make trading decisions directly. In response to scrutiny, he explained that his household investments are held in a diversified trust established by his in-laws before his marriage and managed independently by a third-party trustee.
The Democratic lawmaker serves in several key national security-focused roles, including the House Select Committee on Strategic Competition with China, the Cyber and Information Technology subcommittee, and pro-Taiwan caucuses. His public ties to Huang include a joint appearance at Stanford University in April to discuss AI leadership.
National Security Concerns
The scandal centers on Huang’s alleged involvement with a woman identified as Alice Huang, a former executive at Singapore-based Megaspeed. U.S. authorities suspect her of gathering intelligence for Beijing and helping funnel advanced Nvidia chips to China despite export bans. The DOJ and FBI are investigating possible export violations and espionage.
Nvidia’s board has initiated an independent review, though the company insists no trade secrets or security was compromised. Huang admitted to marital infidelity without addressing the espionage claims. China has dismissed the allegations as baseless.
Market Fallout & Political Scrutiny
The controversy has rattled Nvidia’s stock, which plunged 4.3% the day after the investigation was announced. Fox Business reported the company lost over $427 billion in market value amid the scandal and broader tech selloff.
Khanna, who has championed stock-trading bans for Congress, called for classified briefings on the security implications. Republican committee leaders are also pressing for Huang to testify behind closed doors.
Khanna’s Trading History Under Microscope
Despite his advocacy, Khanna’s financial disclosures have drawn attention. The New York Post reported last August that his family trusts executed more than 5,400 trades in 2025, totaling up to $165.4 million in trading volume—including $70.6 million in sales. His wife reportedly purchased Nvidia shares early last year, yielding a 143% return.
Watchdog group Common Cause ranked Khanna as the third most profitable congressional trader in 2025. The timing of his Nvidia sale, ahead of damaging revelations about Huang, has fueled further debate over whether lawmakers exploit nonpublic information.
Source: www.dailywire.com — https://www.dailywire.com/news/stock-trading-ban-crusader-reported-nvidia-sale-before-ceo-scandal-broke