Lawmaker Proposes Ban on Trump and Officials’ Crypto Trading Amid Ethics Concerns
US Representative Ro Khanna is drafting legislation to prohibit elected officials, including President Donald TRUMP and congressional members, from trading or creating cryptocurrencies. The proposal also seeks to restrict certain foreign funds, citing potential conflicts of interest.
Khanna's move follows heightened scrutiny of political ties to the crypto industry. His previous support for the 2023 Ban Congressional Stock Trading Act now extends to digital assets, reflecting broader concerns over ethical transparency.
Democratic lawmakers have intensified investigations into the Trump family's crypto ventures, requesting SEC document preservation for ongoing probes. The push underscores a wider effort to track financial influence in politics.
