{"id":5245,"date":"2025-10-28T20:16:43","date_gmt":"2025-10-28T20:16:43","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/10\/28\/house-democrat-targets-president-trump-with-bill-to-ban-lawmakers-from-owning-crypto\/"},"modified":"2025-10-28T20:16:43","modified_gmt":"2025-10-28T20:16:43","slug":"house-democrat-targets-president-trump-with-bill-to-ban-lawmakers-from-owning-crypto","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/10\/28\/house-democrat-targets-president-trump-with-bill-to-ban-lawmakers-from-owning-crypto\/","title":{"rendered":"House Democrat Targets President Trump With Bill to Ban Lawmakers From Owning Crypto"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

House Democrat Targets President Trump With Bill to Ban Lawmakers From Owning Crypto<\/a><\/p>\n

<\/div>\n

U.S. Congressman Ro Khanna (D-CA) is introducing legislation that would prohibit the U.S. President, members of Congress, and their immediate families from owning, trading, or creating cryptocurrencies while in office, according to MSNBC <\/em>reporting.<\/p>\n

Khanna\u2019s bill would mark the first major attempt to separate digital assets from political power.\u00a0<\/p>\n

Early details indicate the measure will bar elected officials and their families from holding or issuing cryptocurrencies and from accepting foreign-backed crypto investments.\u00a0<\/p>\n

The California lawmaker said the initiative aims to rebuild public trust and prevent policymakers from profiting off the very technologies they regulate.<\/p>\n

Trump\u2019s Changpeng Zhao pardon\u00a0<\/h2>\n

The proposal follows President Donald Trump\u2019s pardon<\/a> of Binance founder Changpeng Zhao and seeks to eliminate what Khanna calls \u201cblatant corruption\u201d at the intersection of politics and crypto.<\/p>\n

\u201cThe pardon of Zhao is corrupt,\u201d Khanna said on MSNBC.<\/a> \u201cYou\u2019ve got a foreign billionaire engaged in money laundering and financing terrorism, who supports the president\u2019s son\u2019s cryptocurrency firm, and then the president pardons him. This is corruption in plain sight.\u201d<\/p>\n

Zhao, the co-founder and former CEO of Binance, served four months in prison after pleading guilty<\/a> to violating U.S. banking laws.\u00a0<\/p>\n

His company was accused<\/a> of allowing illicit money flows linked to child exploitation, drug trafficking, and terrorism. Soon after Zhao\u2019s financial backing of World Liberty Financial \u2014 the crypto project founded by Donald Trump Jr. and Eric Trump \u2014 was revealed, Trump granted him a pardon.\u00a0<\/p>\n

Khanna\u2019s proposal directly targets that entanglement. By banning crypto ownership and trading among officials, he hopes to draw a clear boundary between public service and private gain.\u00a0<\/p>\n

The measure mirrors previous calls to ban stock trading by lawmakers and follows Senator Adam Schiff\u2019s COIN Act, which specifically sought to limit<\/a> the Trump family\u2019s crypto activities.<\/p>\n

Insider trading in Congress<\/h2>\n

Lawmakers have long and repeatedly introduced legislation in hopes to curb insider trading among members of Congress.<\/p>\n

The STOCK Act, passed<\/a> in 2012 with broad bipartisan support, was designed to require members to disclose stock trades within 30 days and penalize those who used insider information for personal gain.\u00a0<\/p>\n

Earlier this year, The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act (S.1498) was proposed in the U.S. Senate by Senator Josh Hawley (R-MO).\u00a0<\/p>\n

The bill addresses<\/a> concerns about conflicts of interest and potential insider trading among Members of Congress by prohibiting them and their spouses from holding, purchasing, or selling most individual stocks, security futures, commodities, and similar financial instruments while in office.\u00a0<\/p>\n

This post House Democrat Targets President Trump With Bill to Ban Lawmakers From Owning Crypto<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine House Democrat Targets President Trump With Bill to Ban Lawmakers From Owning Crypto U.S. Congressman Ro Khanna (D-CA) is introducing legislation that would prohibit the U.S. President, members of Congress, and their immediate families from owning, trading, or creating cryptocurrencies while in office, according to MSNBC reporting. Khanna\u2019s bill would mark the first […]<\/p>\n","protected":false},"author":0,"featured_media":5246,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5245"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5246"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}