A United States legislator is looking for to prohibit United States President Donald Trump, his household, and members of Congress from trading crypto or stocks.
United States Agent Ro Khanna, a Democrat agent from California’s 17th Congressional District and vice-chair of the Congressional Progressive Caucus, utilized a look on MSNBC to raise issues around Trump’s obvious dispute of interest with crypto through his boy’s crypto task World Liberty Financial (WLFI), declaring the current pardoning of Binance co-founder Changpeng “CZ” Zhao was “outright corruption.”
” You have actually got a foreign billionaire who was essentially participated in money-laundering,” Khanna stated of CZ, including, “then he petitions for a pardon from Donald Trump after essentially funneling cash to terrorists.”
Nevertheless, CZ just recently fired back at comparable allegations from Senator Elizabeth Warren, declaring she “can’t get her realities right.”
CZ pled guilty a single felony count of breaking the United States Bank Secrecy Act after stopping working to preserve a reliable Anti-Money Laundering (AML) program at Binance.
Khanna declared that the Binance co-founder was being let off the hook due to Binance’s sponsorship of WLFI– echoing current beliefs from United States Agent Maxine Waters.
” And what he does is he states ‘I’m going to support World Liberty,’ which is the president’s boy’s cryptocurrency company, which they’re making countless dollars on while Donald Trump is president. And Donald Trump provides him a pardon while he is essentially funding Donald Trump’s cryptocurrency stablecoin.”
Trump has actually dealt with criticism for his ties to WLFI on several celebrations; nevertheless, his boy Eric Trump has actually regularly rejected that his dad has any connection to the task. In an interview in September, Eric worried that his dad “is running a country. He’s not associated with our services in any method, shape or type.”
Khanna did not enter into particular information of his legal proposition, however did not mince his words, concluding by requiring a restriction on “any chosen authorities from having cryptocurrency and accepting foreign cash.”
According to federal government records, Khanna’s newest costs has actually not yet been formally presented.
Related: How Changpeng Zhao gained back power in between jail and pardon
Prohibiting federal government authorities from trading
The problem of whether federal government authorities ought to be permitted to make financial investments in locations such as the stock exchange has actually been extremely objected to for a long time.
The argument presently raves on in the United States through the bipartisan congressional stock trading costs, which is anticipated to be voted on quickly.
To supply context on how muddied the waters are, while Khanna has actually called out Trump’s ties to crypto, he likewise has some beneficial interests of his own in the stock exchange, highlighting some prospective hypocrisy.
According to information from Quiver Quant, Khanna himself has actually notched up $80.3 million worth of stock trade volume in 2025.
Because ending up being a California agent in 2017, Khanna has actually made over 35,000 trades that represent more than $580 million in overall volume, with his leading 3 traded sectors being financials, infotech and health care.
Publication: Giving up Trump’s leading crypto task wasn’t simple: Bo Hines