LUNA Rises 1.13% Amid Progress on U.S. Lawmaker’s Stock Trading Ban
LUNA Experiences Short-Term Gain Amid Congressional Stock Trading Debate
On December 3, 2025, LUNA saw its price climb by 1.13% over a 24-hour period, reaching $0.072. Despite this brief uptick, the cryptocurrency has dropped 2.57% over the past week and suffered a significant 82.66% decrease over the last year. This recent price movement comes as political efforts intensify to prohibit U.S. lawmakers from trading stocks, an issue that has long sparked public debate.
Renewed Efforts to Ban Stock Trading by Lawmakers
Representative Anna Paulina Luna, a Republican from Florida, has initiated a push to bring the bipartisan Restore Trust in Congress Act to a vote. This proposed legislation would bar members of Congress, along with their spouses and dependent children, from buying or selling individual stocks. On Tuesday, Luna submitted a discharge petition, a procedural move that allows the bill to bypass standard leadership channels and advance to the House floor if it garners 218 signatures. Luna had previously warned she would take this step if the House failed to act.
Broad Support and Persistent Resistance
First introduced by Representative Chip Roy of Texas in September, the bill has attracted backing from over 100 lawmakers across the political spectrum, including conservatives, moderates, and progressives. Its primary aim is to address perceived gaps in current regulations and rebuild public confidence by eliminating the impression that lawmakers benefit from privileged information.
Despite its bipartisan appeal, the measure faces considerable pushback from both sides of the aisle. Representative Seth Magaziner, a Democrat from Rhode Island, observed that “members in both parties do not want this to happen” and are actively working to block it. Opponents claim the proposal could limit legislators’ financial options, particularly since congressional salaries have not increased since 2009.
Key supporters, such as Luna and Representative Tim Burchett of Tennessee, have already signed the petition, with others like Representative Lauren Boebert of Colorado expected to join. Should the petition reach the required number of signatures, House leaders may attempt to counter it with an alternative vote, similar to recent disputes over proxy voting.
Calls for Greater Accountability and Openness
Public scrutiny has intensified following reports and financial disclosures revealing that many lawmakers and their spouses have consistently outperformed the broader market. During a recent hearing, Representative Burchett criticized the current system, remarking, “This body has been enriching itself on the taxpayers' dime for too dadgum long.”
The STOCK Act, passed in 2012, bans insider trading and mandates that members of Congress report stock transactions exceeding $1,000 within 45 days. Nevertheless, critics argue that the law does not go far enough to prevent conflicts of interest or misuse of confidential information.
The discharge petition represents the most direct route to bringing the bill to a vote. If successful, it could spark a pivotal discussion on ethical standards and set a new benchmark for transparency in congressional financial activities.
