Khanna Proposes Ban on Politicians' Crypto Trading

Rep. Ro Khanna introduced legislation and a concurrent Congressional resolution that would bar the President, his family, members of Congress and other elected officials from owning, creating or trading cryptocurrencies and stocks and from accepting foreign funds. He framed the proposal as a response to what he called “blatant corruption” following President Trump’s pardon of Binance founder Changpeng Zhao and alleged financial ties between Zhao and the Trump family’s World Liberty Finance project. Khanna urged bipartisan action and said the measure builds on his long-standing efforts to bar politicians from trading and restrict PAC and lobbyist influence. Reporting notes Khanna misstated key facts about Zhao — saying Zhao “served four years” and was “convicted” when Zhao instead pleaded guilty to a single Bank Secrecy Act–related count and received a shorter sentence as part of a settlement. Khanna has not released full bill text in public remarks, and the proposal has drawn broad media attention amid wider public frustration over officials trading while in office.