Dan Crenshaw accuses the Daily Beast of embellishing $120,000 value in stock purchases controversy

Texas Republican Congressman Dan Crenshaw responded to The Daily Beast’s accusations of not disclosing his stock purchases early last year, amidst Washington DC’s passage of the first CARES Act in response to the pandemic.

This so-called violation of the STOCK Act which behooved Congress to be accountable to the public about their stock interests, was amended by Crenshaw in his annual report months after the fact.

The article claimed Crenshaw made six stock buys total, with five of those stock buys happening in a three day period between March 25 and 27. "The trades, which are listed only in a range of values, add up to a maximum of $120,000, and do not compare in size or volume to the kinds of headline-grabbing transactions executed ahead of the pandemic by Sens. Kelly Loeffler and David Perdue."

Crenshaw told the Daily Caller that The Daily Beast is lying and $120,000 is too high a number. "They call me wolf of Washington out here. We get on my phone app and buying a couple stocks based on what Barstool Sports tells me and what Mad Money tells me. I mean that’s basically — so I think the highest stock purchase was around three thousand dollars. You know it’s just so ridiculous that the article said one hundred and twenty thousand it’s just a straight-up lie."

Rep. Crenshaw admitted that he’d pay whatever fine was likely attached to his transgression in this case. He stated that he wasn’t aware that individual stock purchases needed to be accounted for within 30 days. Specifically that this kind of disclosure is separate from the annual financial disclosures that his office routinely keeps on top of.