U.S. Lawmaker Seeks to Ban Trump and His Family from Crypto Trading
Congressman Ro Khanna from California has announced plans to introduce a bill that would prohibit U.S. President Donald Trump, his family, and all members of Congress from trading cryptocurrencies or stocks — a move aimed at reducing conflicts of interest in government.
A call for stricter ethical standards
In an interview with MSNBC, Khanna argued that elected officials should not be allowed to engage in speculative financial activity while holding public office. The proposed legislation seeks to establish a clear separation between policymaking and personal financial gain, particularly in the fast-growing cryptocurrency sector.
Khanna emphasized that transparency and accountability are essential to maintaining public trust. His bill aims to close what he called “ethical loopholes” that allow political figures to profit from markets they directly influence.
Accusations of corruption and Binance connection
The congressman also raised concerns about **Trump’s family ties to the crypto market**, referencing the project **World Liberty Financial (WLFI)** reportedly associated with Trump’s son. Khanna pointed to potential conflicts arising from overlapping political and business interests.
During the broadcast, Khanna cited the recent **pardon of Binance co-founder Changpeng Zhao** as an example of how political influence can intersect with financial power. “You have a foreign billionaire who was essentially laundering money,” he said. “Then he petitions for a pardon from Donald Trump after channeling funds to groups under investigation.”
Crypto, politics, and the fight over regulation
Khanna’s remarks have reignited debate about how closely the cryptocurrency industry should interact with politics. Supporters of the initiative argue that prohibiting trading among politicians would prevent market manipulation and restore trust in U.S. institutions. Critics, however, claim the proposal could be politically motivated, targeting Trump’s campaign fundraising base among crypto enthusiasts.
The lawmaker maintains that his motivation is ethical, not partisan. “No one in power should be allowed to make financial decisions that benefit themselves while writing the laws that govern those markets,” he said.
Potential implications for Washington and beyond
If passed, the bill could have broad consequences, potentially forcing members of Congress and senior officials to divest their crypto holdings. It would also restrict participation in token-related ventures by political families — a precedent rarely seen in U.S. financial legislation.
While the proposal faces an uphill battle in a divided Congress, its introduction underscores growing scrutiny of how digital assets intersect with political power.
Ethics meet the crypto era
The move reflects a larger shift in Washington’s approach toward digital assets. As the U.S. edges closer to comprehensive crypto regulation, lawmakers like Khanna are framing the issue not just as financial oversight but as a **matter of ethics and national integrity**.
Regardless of political outcome, the debate marks a new phase in the relationship between cryptocurrency, governance, and transparency at the highest levels of power.
Editorial Team — CoinBotLab