Retail investors love to track what members of Congress are buying and selling. Most lawmakers trade stocks pretty frequently, but one senator has been unusually quiet—until now.

Sen. Bernie Moreno (R-Ohio) recently disclosed selling between $100,000 and $250,000 worth of shares in eToro Group Ltd. (ETOR), according to the MarketDash Government Trades page. This is only the second stock trade Moreno has reported since being sworn into the Senate in January 2025. His first trade, back in March 2025, was a sale of $15,000 to $50,000 in Mobile Infrastructure Corp (BEEP).

Here's where it gets interesting. We don't know exactly when Moreno bought the eToro shares—there's no purchase on record. But his year-end 2024 financial disclosure shows he owned between $500,000 and $1,000,000 in eToro corporate securities, listed as non-public stock. eToro went public in May 2025, and since then, the stock has dropped 39.5%.

So the math isn't pretty. Based on the original asset value and the stock's performance, Moreno likely sold at a loss. The disclosure labels the transaction as "full," meaning he unloaded all his eToro shares.

Other trades Moreno has disclosed include corporate securities and Bitcoin (BTC), which he sold in October 2025. He sits on the Banking, Housing and Urban Affairs Committee and the Digital Assets Subcommittee—committees that could have a hand in regulating platforms like eToro, which is a brokerage and social trading platform for stocks, ETFs, options, and crypto.

Whether this trade was a simple portfolio cleanup or something more, it's a reminder that even senators can get burned by a hot IPO that cools off fast.