California Democratic Sen. Adam Schiff, who spent years pushing the false claim that Donald Trump and Russia “colluded” to “steal” the 2016 election, has a new conspiracy theory about the 45th and 47th president.

In a new video posted to his social media accounts, Schiff essentially accused Trump of using his foreign tariffs strategy to manipulate the stock markets and enable “insider trading” to enrich himself, his family, and other members of his government.

In addition, he also called for yet another investigation into the president, continuing his trend of turning conspiracies into political capital for his party.

“So, today, Trump removed many of the tariffs he had imposed in this on-again/off-again, it must be Wednesday, tariffs are off again kind of policy. This has just wreaked havoc on the markets, of course, but there is another profound danger, as well, and that is insider trading within the White House, within the administration,” Schiff began.

“You may have seen early in the day Trump tweet this. ‘This is a good time to buy.’ So the question is, between that tweet and Donald Trump’s announcement that he was reducing the tariffs on most other nations apart from China, the question is, who knew what the president was going to do and did people around the president trade stock knowing the incredible gyration the market was about to go through?” Schiff continued.

It’s common knowledge among stock traders to buy when prices are low because the market always rebounds and stocks climb in value. But Schiff appears to be suggesting that Trump purposely manipulated the markets downward in order to profit.

“Because, look, this is a president who is trading in his own meme coin, even as he’s president, his kids are trading in their own cryptocurrency. You’ve got people like Elon Musk, who are doing their own conflicted self-dealing in the administration,” Schiff continued, without providing any evidence that Musk has done anything illegal or improper.