US Lawmaker Seeks to Ban Trump and Family from Crypto and Stock Trading in 2025
- Why Is Ro Khanna Targeting Trump’s Crypto Activities?
- What’s in the Proposed Legislation?
- Is Khanna’s Anti-Trading Stance Hypocritical?
- How Does This Tie Into Broader Crypto Regulation?
- What’s Next for the Bill—and Trump’s Crypto Ties?
- Could This Impact Crypto Markets?
- Final Thoughts: Ethics vs. Enforcement
- FAQs
In a bold political move, Democratic Representative Ro Khanna has proposed legislation to prohibit former President Donald Trump, his family, and all elected officials from trading cryptocurrencies and stocks. The initiative reignites debates about conflicts of interest at the highest levels of US government, particularly focusing on Trump’s alleged ties to his son’s crypto venture, World Liberty Financial. Meanwhile, Khanna’s own extensive stock trading history raises questions about hypocrisy in this crusade. Here’s a deep dive into the drama unfolding in Washington.
Why Is Ro Khanna Targeting Trump’s Crypto Activities?
Ro Khanna, a California Democrat and vice-chair of the Congressional Progressive Caucus, has accused TRUMP of "blatant corruption" following the presidential pardon granted to Binance co-founder Changpeng Zhao (CZ). Khanna argues that CZ’s financial support for World Liberty Financial—a crypto project linked to Trump’s son—and subsequent clemency suggest a quid pro quo. "A foreign billionaire engaged in money laundering gets a pardon, and suddenly, his money flows into a Trump-affiliated crypto venture? The timing is suspicious," Khanna stated on MSNBC.
What’s in the Proposed Legislation?
Khanna’s bill aims to ban all elected officials from holding or trading cryptocurrencies and stocks, citing ethical concerns. This aligns with the stricter COIN Act by Senator Adam Schiff, which WOULD extend the ban to presidents, vice presidents, and their relatives—even two years after leaving office. While the bill faces slim chances in a Republican-controlled Congress, it underscores growing Democratic efforts to curb financial conflicts in politics.
Is Khanna’s Anti-Trading Stance Hypocritical?
Critics point out that Khanna himself has traded over $580 million in stocks since 2017, including $80.3 million in 2025 alone, per Quiver Quantitative data. His portfolio heavily features finance, tech, and healthcare sectors—areas he influences as a legislator. "It’s ironic to police others’ trades while being one of Congress’s most active traders," remarked a financial ethics analyst.
How Does This Tie Into Broader Crypto Regulation?
The debate over politicians’ market access isn’t new, but cryptocurrencies add fuel to the fire. With projects like World Liberty Financial allegedly generating millions under Trump’s presidency, calls for transparency intensify. Meanwhile, Binance’s historic penalties ($4.3 billion in 2023 for AML violations) and CZ’s pardon further muddy the waters.
What’s Next for the Bill—and Trump’s Crypto Ties?
As of October 2025, Khanna’s proposal remains undrafted, and its passage seems unlikely. Still, it signals escalating scrutiny of Trump’s financial dealings, especially with his son’s crypto venture. Eric Trump denies any presidential involvement, but the optics—combined with CZ’s pardon—keep suspicions alive.
Could This Impact Crypto Markets?
While the bill’s direct market effect is minimal, the spotlight on political crypto conflicts may deter institutional adoption. "Uncertainty around regulatory crackdowns always spooks investors," noted a BTCC market analyst. For now, bitcoin (BTC) remains volatile at $62,000, per CoinMarketCap data.
Final Thoughts: Ethics vs. Enforcement
Khanna’s push highlights a perennial dilemma: Should lawmakers be barred from markets they regulate? With crypto’s rise, the stakes are higher than ever. But until stricter laws pass, the trading—and the controversies—will continue.
FAQs
What is Ro Khanna’s proposed bill about?
The bill seeks to ban elected officials, including Trump and his family, from trading stocks and cryptocurrencies to prevent conflicts of interest.
Why is Trump’s son’s crypto project under scrutiny?
World Liberty Financial, linked to Eric Trump, allegedly received funding from Binance’s CZ after his pardon, raising ethical concerns.
How active is Ro Khanna in stock trading?
Khanna has executed over 35,000 trades worth $580+ million since 2017, per Quiver Quantitative.
What is the COIN Act?
Senator Adam Schiff’s stricter proposal would ban presidents and their families from crypto activities during and after office.
Could this bill become law?
Unlikely soon, given Republican control of Congress, but it fuels ongoing debates about political ethics.
