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Rep. Lisa McClain Denies Insider Trading After Husband’s xAI Buy Preceded DoD Grok Plan

The Michigan lawmaker says a private offering drove the December purchase, rejecting claims of access to nonpublic Pentagon plans.

Overview

  • A disclosure reviewed by outlets shows McClain’s husband bought between $100,001 and $250,000 of private xAI stock on December 15.
  • Days later, the Defense Department announced plans to integrate xAI’s Grok chatbot into military systems, linking the investment’s timing to a government adoption push.
  • McClain told NewsNation she was “100 percent” sure no insider information was used and argued that insiders would have purchased far more than the roughly 100,000 shares cited on air.
  • The timing was first spotlighted by Sludge and subsequently covered by national outlets, drawing scrutiny because xAI is Elon Musk’s company.
  • Reports note there is no evidence she received nonpublic information, and no official investigation has been announced as coverage continues to develop.