Trump’s Crypto Empire Under Threat — Lawmaker Demands Complete Ban On His Digital Asset Trading

Washington cracks down on political crypto plays as new legislation targets former president's digital portfolio.

The Regulatory Hammer Drops

A bold congressional move threatens to freeze Trump out of cryptocurrency markets entirely. The proposed ban would block all digital asset trading by the former president—cutting off access to the volatile markets he's frequently championed.

Political Assets Under Fire

Lawmakers aren't just targeting stocks anymore. The legislation specifically names cryptocurrency holdings, reflecting growing concerns about politicians using insider knowledge to profit from digital markets. Because apparently, traditional market manipulation wasn't lucrative enough—now they need the 24/7 crypto casino too.

Portfolio Lockdown

The ban would extend beyond simple trading restrictions to include all cryptocurrency transactions and investments. No more midnight Bitcoin buys or emergency Ethereum sales during market swings. Finally, politicians might have to experience what ordinary investors face—being stuck with their bad decisions like the rest of us.

Washington's latest attempt to drain the swamp just found a new target: the crypto waters where political creatures swim. Because nothing says 'public service' like trying to ban someone from making money in the most speculative market imaginable.

Khanna Announces New Measure Vs. Trump Crypto Trading

Khanna said the proposal WOULD bar the president, his family, members of Congress and other elected officials from owning, issuing or trading crypto while in office.

He tied the push to what he called a troubling series of events involving crypto executives and presidential actions that, in his view, raise serious ethics questions.

Reports note Khanna previously backed efforts to curb stock trading by lawmakers through the 2023 Ban Congressional Stock Trading Act, and his latest MOVE widens the scope to digital assets.

Lawmakers And Investigations Have Ramped Up

According to media coverage, other Democratic lawmakers have already sought records tied to the TRUMP family’s crypto venture, asking the Securities and Exchange Commission to preserve documents as part of probes into possible conflicts.

That request dates to April 2, 2025, and reflects a broader push to trace money and influence around political figures and crypto firms.

Khanna and others have pointed to Trump’s pardon of Binance founder Changpeng Zhao as a catalyst for action, saying the move highlighted how political decisions and crypto industry relationships can mix in ways that undermine public trust.

Some reporting has put large sums and potential deals in the spotlight: one report cited a possible Trump-linked stablecoin arrangement that could have been worth as much as $2 billion, a figure that has helped drive urgency among critics.

At the same time, fact checks show parts of the public discussion have been misstated; for instance, the particulars of Zhao’s legal outcome were clarified in follow-up coverage.

Based on reports, the draft language would force covered officials to divest digital assets, refrain from creating tokens while they hold office, and avoid taking foreign funding tied to crypto ventures.

Some versions of related proposals in Congress also seek to extend trading bans to stocks and other securities for top officials.

Lawmakers have filed multiple bills this year that address similar aims, and Congress.gov records show measures on digital asset limits and on broader stock-trading bans circulating in the 119th Congress.

Featured image from Kevin Dietsch/Getty Images, chart from TradingView