Ro Khanna Proposes Ban on Crypto and Stock Trading for U.S. Politicians Amid Trump-Binance Controversy

U.S. Representative Ro Khanna is preparing to introduce a resolution aimed at prohibiting the President, members of Congress, and their families from trading cryptocurrencies or stocks and accepting foreign funds. The proposal follows widespread public backlash over President Donald Trump’s decision to pardon Binance founder Changpeng Zhao (CZ), who was convicted for violating U.S. anti-money laundering laws.

Khanna, a California Democrat known for his anti-corruption stance, announced the initiative over the weekend and has since discussed it across major media outlets. He criticized the President’s actions as blatant self-enrichment, stating, “We have a president who is enriching himself and his family in an obscene wealth that is unprecedented in American history. People need to wake up to what’s going on—it’s corruption right before our very eyes.”

The proposed resolution expands Khanna’s long-standing efforts to bar politicians from stock trading and restrict campaign donations from PACs and lobbyists. His latest move highlights growing concerns about political influence and conflicts of interest in the rapidly evolving crypto industry.

The controversy intensified after Trump’s pardon of Zhao, who served four months in prison before being released. Critics view the pardon as a politically motivated favor, especially since Zhao’s ventures and Trump’s family-backed firm, World Liberty Financial, are financially intertwined. The company has launched its own stablecoin and allegedly struck a crypto-related deal with the UAE, raising further questions about foreign influence.

Despite being a strong supporter of blockchain innovation—earning an “A” rating from Stand With Crypto—Khanna maintains that political leaders should remain free from financial entanglements in the industry. His proposal underscores a growing demand for transparency and ethical boundaries between crypto interests and U.S. governance.