A US lawmaker is seeking to ban US President Donald Trump, his family, and members of Congress from trading cryptocurrencies or stocks.
US Representative Ro Khanna, a Democratic representative from California’s 17th Congressional District and vice chair of the Congressional Progressive Caucus, used his appearance on MSNBC to raise concerns about Trump’s apparent conflict of interest with cryptocurrencies via his own page. Encryption project for his son World Liberty Financial (WLFI), claiming the latter Binance co-founder pardoned Changpeng “CZ” Zhao was “blatant corruption.”
“You have a foreign billionaire who was basically involved in money laundering, and then he petitions for a pardon from Donald Trump after funneling money to terrorists,” Khanna said of Czechoslovakia.
However, Czechoslovakia recently responded to Similar accusations From Senator Elizabeth Warren, claiming she “can’t get the facts right.”
CZ pleaded guilty to one count of violating the US Bank Secrecy Act after failing to maintain an effective anti-money laundering (AML) program at Binance.
Khanna claimed that the Binance co-founder was disclaimed due to Binance’s financial support for WLFI – echoing the recent sentiments of US actor Maxine Waters.
“And what he does is he says ‘I will support World Liberty,’ which is the cryptocurrency company owned by the president’s son, which they make millions of dollars from during Donald Trump’s presidency. And Donald Trump gives him a pardon while he basically funds Donald Trump’s stablecoin cryptocurrency.”
Trump has faced criticism for his ties to WLFI on multiple occasions; However, his son Eric Trump has consistently denied that his father had any connection to the project. in interview In September, Eric confirmed that his father “runs a nation. He is not involved in our business in any way.”
Khanna did not go into specific details about his legislative proposal, but he did not mince his words, concluding by calling for a ban on “any elected official from owning cryptocurrencies and accepting foreign funds.”
According to the government RecordsKhanna’s latest bill has not yet been formally introduced.
Related to: How Changping Zhao regained power between imprisonment and pardon
Preventing government officials from trading
The issue of whether government officials should be allowed to make investments in areas such as the stock market has been a matter of great contention for some time.
The controversy is currently heating up in the United States through a stock trading bill submitted by both Republican and Democratic parties in Congress, which is expected to be passed. Vote almost.
To provide context on how messy things are, while Khanna has criticized Trump’s ties to cryptocurrencies, he also has some vested interests in the stock market, highlighting some potential hypocrisy.
According to data from Quiver Quant, Khanna himself generated $80.3 million worth of stock trading volume in 2025.
Since becoming California’s state representative in 2017, Khanna has conducted more than 35,000 trades representing more than $580 million in total volume, with the top three sectors traded being financial, IT and healthcare.
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