WATCH: Sen. Schiff Prepares America for Repeated Trump Election Fraud Claims on CNN

Washington, D.C. - Today, U.S. Senator Adam Schiff (D-Calif.) joined CNN's The Lead with Jake Tapper to discuss the upcoming primetime address by President Trump and the latest exposure of President Trump's corruption and insider trading scandals.

Schiff also continued his condemnation of President Trump's incompetent handling of the illegal Iran war, emphasizing the need to pass a War Powers Resolution to check the president's power.

View the full interview here.

Key Excerpts:

On Trump's new corrupt Truth Social self-enrichment scheme:

[…] What people, I think, need to recognize: this is not a blind trust that the president has. So, when the White House says he has no advance notice of what his manager, portfolio manager, is buying - that may or may not be true. But he finds out about it once they buy it. And when he later that week posts something favorable about that company, he knows that money, that extra value, goes into his pocket. And now this added story about how you can pay a premium to get, first access to his social media posts that move markets. If you'll give him a cut, that's basically what it is. He gets part of the profits of Truth Social. This is the president saying, "Give me a cut, and I'll give you the opportunity to make money off my statements, just as I make money off my own statements."

On the bill to ban congressional and presidential stock trading:

It's not completely dead, and I think it has at least some measure of bipartisan support, much more overwhelming on the Democratic side. But Republicans, even that are in agreement with us that we should ban this practice, they hate crossing the president. And the president having singled out one of them, that's a strong deterrent to actually putting in the hard work to get it done. And obviously this isn't going to move in either House unless Republican leadership is willing to move it.

On Trump's comments on California election fraud:

Look he's made a bunch of absurd claims about California elections. Always, he's done this going back several years now. Made false claims of massive fraud of millions of undocumented people voting. All nonsense. In this election, he has blamed manipulation somehow for Spencer Pratt's loss. Spencer Pratt lost because he was completely out of step with voters in Los Angeles. The more MAGA he became, the more votes he lost.

On Trump's handling of the Iran War:

[…] But now that we are back in a full military exchange with Iran, now that the president is contemplating even potentially putting troops on the ground - I would expect we will get more support. Some of the people who voted with us before will vote with us again. And we might get new people voting with us as this war has gone on and on and on. The support for these resolutions has only increased. And it increasingly looks like we're in a quagmire now, where the president doesn't know what he's doing, doesn't know what to do. Announces we're going to charge tolls in the strait, something he said was illegal, and then 24 hours later says we're not going to charge tolls in the strait. So, I think the incompetent handling of the war, the risk that the war may escalate again, and the fear, frankly, a lot of Republicans have that he is killing their chances in the midterms, may motivate Republicans to vote with us.

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