LUNA Up 1.13% as U.S. Lawmaker Advances Stock Trading Ban

On DEC 3 2025, LUNA rose by 1.13% within 24 hours to reach $0.072, while recording a 2.57% decline over the past week and an 82.66% drop in a year. The short-term upward movement comes amid mounting political pressure to end stock trading by members of the U.S. Congress, a long-standing source of public concern.

Legislative Push to Curb Congressional Stock Trading

Rep. Anna Paulina Luna, R-Fla., has taken a decisive step to force a vote on the bipartisan Restore Trust in Congress Act, a bill that would prohibit members of Congress, their spouses, and dependent children from trading individual stocks. On Tuesday, Luna filed a discharge petition, a procedural tool allowing the measure to bypass leadership and be brought to the House floor if it secures 218 signatures. The petition had long been threatened by Luna, who made it conditional on the lack of progress in the House.

The legislation, introduced by Rep. Chip Roy, R-Texas, in September, has drawn bipartisan support from over 100 members, including conservatives, moderates, and progressives. Its goal is to close perceived loopholes in the current system and restore public trust by ending the appearance of congressional members profiting from insider knowledge.

Bipartisan Support and Challenges

Despite growing momentum behind the bill, it faces strong opposition from both parties. Democratic Rep. Seth Magaziner of Rhode Island noted that “members in both parties do not want this to happen” and are actively lobbying against it. Critics argue that the bill could restrict lawmakers’ financial flexibility, especially for those who have not seen a salary increase since 2009.

Luna and other leading advocates, including Rep. Tim Burchett, R-Tenn., have already signed the petition, with several others, such as Rep. Lauren Boebert, R-Colo., indicating intent to follow. If the threshold is met, House leadership could attempt to counter it with a separate vote, as seen in recent debates on proxy voting rights.

Ethics and Transparency Concerns

The issue has gained renewed attention following public records and financial data that show many members of Congress and their spouses have outperformed the market. At a recent hearing, Rep. Burchett criticized the status quo, stating, “This body has been enriching itself on the taxpayers' dime for too dadgum long.”

The STOCK Act, enacted in 2012, prohibits insider trading and requires members of Congress to disclose stock trades of more than $1,000 within 45 days. However, critics argue the law lacks sufficient safeguards to prevent conflicts of interest or abuse of nonpublic information.

The discharge petition remains the most immediate path to a floor vote. If successful, it could force a critical debate on ethics reform and set a precedent for increased transparency in congressional financial conduct.