US Lawmaker Seeks Ban On Crypto Trading In Politics
US Representative Proposes Ban on Crypto Trading for President and Congress
US Representative Ro Khanna is preparing to introduce a new resolution that would ban the President, their family members, and members of Congress from trading cryptocurrencies or stocks, as well as from receiving funds from foreign sources. The proposal comes amid growing controversy over President Donald Trump’s decision to pardon Binance founder Changpeng Zhao (CZ) — a move that has sparked outrage and renewed concerns about conflicts of interest between politics and the crypto industry.
Ro Khanna Pushes to Prohibit Crypto Trading in Congress
According to Khanna’s office, the California Democrat intends to present a congressional resolution that would prohibit top government officials, including the President, from trading crypto assets or stocks while in office. In an interview with MSNBC, Khanna argued that the United States is facing a serious ethical crisis as some political leaders exploit their positions for personal enrichment. He emphasized that this measure is meant to restore public trust and ensure that policy decisions are made in the national interest, not influenced by private financial gains.
Trump’s Pardon of CZ Sparks Political Backlash
Last week, President Donald Trump granted a pardon to Changpeng Zhao, the founder of Binance, after Zhao was convicted of violating US anti–money laundering laws. The decision immediately triggered intense debate within both the crypto community and the political establishment. While some viewed it as a signal of Trump’s openness to crypto innovation, others — including Khanna — saw it as a calculated political move aimed at securing support from crypto billionaires.
Khanna harshly criticized the pardon, calling it a dangerous precedent that blurs the line between justice and political favoritism. He stated that forgiving a convicted billionaire with alleged ties to illicit financial flows sends the wrong message about accountability and integrity in government.
Khanna: A Pro-Crypto Politician Who Demands Transparency
Despite his criticism of Trump and Binance, Ro Khanna is known as one of the most pro-crypto members of Congress. According to Stand With Crypto, an advocacy group associated with Coinbase, Khanna holds an “A” rating for his stance on blockchain innovation and digital assets. However, Khanna has consistently stressed the importance of separating political power from financial influence.
He believes that crypto and blockchain technology can drive economic progress and financial inclusion, but only under transparent, accountable leadership. His proposed ban aims not to suppress crypto adoption, but to ensure that policymakers cannot exploit the technology for personal or political gain.
Rising Scrutiny Over Politics and Crypto Connections
In recent months, the relationship between Donald Trump and the crypto industry has come under heightened scrutiny. Trump’s campaign and affiliated political action committees have reportedly received millions of dollars in donations from crypto entities. At the same time, World Liberty Financial, a company tied to Trump’s family, has launched its own stablecoin and allegedly entered into a crypto-related agreement with the UAE.
These developments have fueled suspicions that the crypto sector may be influencing US policy at the highest levels. Khanna’s proposal, therefore, is not merely a call for ethical reform — it represents an effort to reestablish a clear boundary between political power and financial interest in an era where crypto is becoming increasingly intertwined with global governance.
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